Arkansas Good Roads Foundation, joined by the State Chamber/AIA, released a study during a press conference at the State Chamber on Oct. 16 detailing the economic impact of increased investment in Arkansas roads and highways.
The study, conducted by the American Road and Transportation Builders Association (ARTBA), found that an additional annual investment of $478 million needed to maintain and preserve Arkansas’s existing highway system would result in a statewide economic impact of at least $1.3 billion, while creating 5,729 jobs throughout all sectors of the state’s economy.
The study also shows that construction activity from $478 million in additional highway investment would increase sales outputs for business in all sectors of the state’s economy by $941.6 million each year and would result in increased state and local tax revenue of $56.7 million annually.
To see the full study, visit www.argoodroads.com.
