(Black Enterprise) – BE 100s financial services company Siebert Brandford Shank & Co., LLC is one of the members of a new business leader council formed to identify measures to encourage private investment in infrastructure and promote economic growth. The investment bank holds the number one spot on the tax-exempt securities ranking and No. 4 for taxable securities. The new Executive Council on Infrastructure also will convene corporate CEOs and other executives from McGraw Hill Financial, American Water, American Air Liquide Holdings, CalSTRS, FedEx Freight, KPMG, Meridiam, and Xylem.
As America contends with the growing need to build and maintain critical infrastructure and the lack of government funding to do it, the Bipartisan Policy Center has decided to bring together top executives from some of the nation’s leading companies to explore ways to bridge that gap.
Infrastructure is considered America’s backbone in that it encompasses the local water main, the Hoover Dam, the power lines connected to homes, the electrical grid spanning the US, neighborhood sidewalks, and the national highway system.
Every four years, the American Society of Civil Engineers’ Report Card for America’s Infrastructure depicts the condition and performance of the nation’s infrastructure in the familiar form of a school report card—assigning letter grades based on the physical condition and needed investments for improvement.