September 24, 2009
Senator Frist was the Commitments Presenter in an Infrastructure Breakout Sessions Seminar: Infrastructure of Recover: Good Jobs and Smart Growth.
Global recession has slowed private sector investment and caused rampant job loss. In response, governments around the world are investing in economic recovery though forward-looking public works projects. This new generation of infrastructure investments -- from broadband networks to transit systems to clean energy technology -- is laying the ground word for global deployment of advanced technology and private sector innovation. The response to to the economic crisis has set the stage for a new generation of smarter infrastructure empowered by better use of information and more efficient use of resources. Outdated development patterns are being "leap-frogged." This session provides an opportunity to reflect on progress one year into the economic crisis and to examine the relationship between the public and private sectors.
Frist announcing Commitments.