Rock Products

OCT 2014

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ROCK products • OCTOBER 2014 6 IN THE KNOW www.rockproducts.com IN THE KNOW I N D U S T R Y N E W S A new study commissioned by the National Association of Manufactur‐ ers (NAM) and conducted by Info‐ rum at the University of Maryland offers a view into the economic ben‐ efits the U.S. economy would reap with a more concerted effort to ad‐ dress the nation's infrastructure needs. In total, the study finds that a tar‐ geted and long‐term increase in pub‐ lic infrastructure investments from all public and private sources over the next 15 years will: • Increase jobs by almost 1.3 million at the onset of an initial boost. • Grow real GDP 1.3 percent by 2020 and 2.9 percent by 2030. • Create a progressively more pro‐ ductive economy, which, due to cu‐ mulative effects through time, will benefit from a $3 return on invest‐ ment for every $1 invested in in‐ frastructure by 2030. • Provide Americans an increase in take‐home pay after taxes – a $1,300 net gain per household by 2020 and $4,400 per household by 2030 (measured in 2009 dollars). The report also reveals a decade of troubling trends in infrastructure for‐ mation, such as a 3.5 percent drop per year in the volume of highway, road and bridge investments as well as fur‐ ther sharp decreases in mass transit, aviation and water transportation in‐ frastructure investment. Last year, the NAM sounded the alarm on this troubling trend by partnering with Building America's Future to survey manufacturers about their perspectives on the state of infrastructure in the United States. Some 70 percent responded that American infrastructure is in fair or poor shape and needs a great deal or quite a bit of improvement. "The United States is stuck in a decade‐long period of decline that will eventually harm job creation, fu‐ ture productivity and our ability to compete head‐to‐head with compa‐ nies all over the globe," said NAM President and CEO Jay Timmons. "As we sit idle, our competitors are churn‐ ing out investments in their infra‐ structure. As this study demonstrates, substantial economic benefits result from a targeted and long‐term in‐ crease in public infrastructure invest‐ ments from public and private sources. Manufacturers call on Con‐ gress to consider this sobering data as it acts to fulfill its well‐established re‐ sponsibility of facilitating commerce in the United States. We need legisla‐ tion passed to help fund transporta‐ tion and infrastructure." "This research helps confirm what engineers and executives both know: The quality and quantity of current U.S. infrastructure is deficient, and these deficiencies are already ham‐ pering economic growth," said Uni‐ versity of Maryland Professor and Inforum Executive Director Jeffrey Werling. "We know that well‐ planned infrastructure investments can provide high, long‐term returns to investment, and they can also boost jobs and growth in the short term. It is time to cut through the political smoke and mirrors to make a commitment to stronger and smarter infrastructure investment." For more information on the study, visit www.nam.org/infrastructure. Study Details Economic Benefits of Infrastructure Investment FAST FACT A targeted and long-term increase in public infra- structure investments will grow real GDP 1.3 percent by 2020 and 2.9 percent by 2030. The Beckmann Quarry, owned and operated by Martin Marietta Materi‐ als, celebrated a milestone of reach‐ ing two million consecutively logged employee hours without a reportable incident or incident of lost time. This covers a period that stretches back to 2007. "I am very proud of the team at the Beckmann Quarry for putting safety first. Reaching two million logged hours without reportable incidents is a difficult task for any quarry to achieve, especially considering the size of the operation in San Antonio and number of people employed. I want to congratulate every employee for doing his or her part to reach this goal and for ensuring that every per‐ son who enters the Beckmann Quarry safely returns home to their friends and families," said Chance Allen, regional vice president of Mar‐ tin Marietta – Central Texas Aggre‐ gates. The Beckmann Quarry has been con‐ sistently recognized for its safety and environmental stewardship. Earlier this year, Martin Marietta named the Beckmann Quarry as one of its 2014 Honor Plants. The Honor Plant program was devel‐ oped in 1986 by Martin Marietta to Beckmann Quarry Reaches Safety Milestone FAST FACT Quarry celebrated a mile- stone of reaching two mil- lion consecutively logged employee hours without a reportable incident or incident of lost time.

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