AISI Commends Senator Voinovich's Work to Obtain Commitment on Highway Bill

Washington, D.C., 2/24/2010 - The American Iron and Steel Institute (AISI) today applauded Sen. George V.   Voinovich’s (D-Ohio) tenacity at garnering a commitment from Senate Majority Leader Harry Reid (D-Nev.) to take up the reauthorization of a multi-year surface transportation bill this year. 

Voinovich’s negotiation to commit the Leadership to bring the multi-year surface transportation bill to the floor for a vote this year signals a significant step that could not only increase Ohio jobs, but jobs nationwide if passed. 

“Senator Voinovich understands how investing in federal infrastructure spending will energize the economy by creating thousands of American jobs.   We greatly appreciate his continued support to keep a transportation bill alive in the Senate,” AISI President and CEO, Thomas Gibson said in commending the Senator’s determination to get an essential reauthorization bill approved this year that would benefit manufacturers nationwide. 

Providing federal funds for infrastructure projects provides jobs and revenue to state and local communities, and has a positive impact on a wide array of individuals from steel producers, to suppliers, to manufacturers of goods, all which will aid in the recovery of our national economy.  Highway funding creates an employment multiplier, and according to the U.S. Department of Transportation (DOT), every $1 billion invested in federal highways supports nearly 35,000 American jobs.    As nationwide unemployment stands at 9.7%, the transportation bill would stimulate the economy, create jobs, rebuild our nation’s infrastructure, and truly be the second stimulus package. 

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice.  AISI also plays a lead role in the development and application of new steels and steelmaking technology.  AISI is comprised of 25 member companies, including integrated and electric furnace steelmakers, and 138 associate and affiliate members who are suppliers to or customers of the steel industry.  AISI's member companies represent approximately 75 percent of both U.S. and North American steel capacity.  For more news about steel and its applications, view AISI’s Web site at www.steel.org.

Contact:
Nancy Gravatt
Vice President, Communications
American Iron and Steel Institute
Tel: 202.452.7115