[May 11, 2015] |
|
Infrastructure Week: Siemens Study Links Intelligent Infrastructure Investment to Economic Development and Job Creation
Spending on energy-related, building equipment and sustainable
transportation can stimulate regional economic activity and new business
development, according to results announced today from regional studies
conducted by Economic Development Research Group and Siemens (News - Alert) at the
Infrastructure Week kickoff event in Washington, D.C.
Now in its third year, Infrastructure
Week is coordinated by America's business and policy leadership to
drive awareness of how the neglect of American infrastructure has
affected the country's global competitiveness and Americans'
livelihoods. From transportation systems to the energy grid, to the U.S.
industrial base and smart buildings, in order to rebuild and renew these
essential infrastructure networks, the country needs a long-term
strategy built on intelligent technologies and digitalization, and
collaboration between the public and private sectors. Elected officials
and business executives will convene throughout the week to make the
case for how investment in smart, agile and secure infrastructure
systems will yield broad economic impact.
"When you spend on infrastructure, you get a multiplier effect that
boosts productivity and attractiveness for investment," said Eric
Spiegel, President and CEO of Siemens USA. "Infrastructure Week
brings much-needed attention to invest in the systems and structures
that power the economies in our cities, states and across the nation. As
a company that works with cities building the infrastructure of tomorrow
in more than 190 countries around the world, we believe this is
precisely the kind of focus we need to create jobs, growth and economic
opportunity for American workers in the 21st century."
Economic Impact Study
-
Investing in smarter building technologies and energy efficiency
upgrades on the University of Louisville campus helped directly and
indirectly support a total of $35 million in new business sales and
nearly 700 jobs - including new jobs that are supported by the savings
achieved through the project's implementation.
-
Upgrading and expanding public transportation systems in Salt Lake
City by the Utah Transportation Authority resulted in more than $225
million in business sales and 1,300 permanent jobs.
Two different smart city solutions - building technologies and public
transportation - in Louisville and Salt Lake City were evaluated for
their broader economic impacts. These effects are not only driven by
increased short-term spending through local equipment, labor and service
purchases, but also by the savings achieved from their efficient use of
resources and longer-term economic benefits. Initial findings include:
-
In Kentucky, the University of Louisville spent $45 million to make
numerous energy efficiency upgrades in buildings across its campuses
that are conserving water, electricity, and natural gas. The
implementation of the two phases of these projects directly and
indirectly supported local impacts estimated at over 600 jobs and $26
million in business sales. After project completion, the savings
achieved beyond the cost of debt service (for the project) were then
reinvested back into overall university operations and additional
energy efficiency projects. This reinvestment has supported the
creation of 70 jobs and an additional $9.3 million in business sales
in the Louisville area over a three-year period - beyond the more than
600 jobs initially supported through project implementation.
-
In Salt Lake City, a major driver in building the public rail transit
extension was to reduce residents' dependence on private vehicles and
spur high-density development, thereby decreasing the region's carbon
footprint, improving local air quality and proactively managing
congestion. The UTA TRAX (light rail) and FrontRunner (commuter rail)
lines have supported development resulting in nearly 1,300 jobs. And
by paying wages that are spent throughout the region, these jobs have
directly supported an estimated $227 million in new business sales.
Salt Lake City also saw more and higher-density economic development
being spurred around transit projects to appeal to companies and
developers seeking such access. Major companies including Adobe, eBay,
Goldman Sachs, Overstock.com, and Workday have made office location
decisions based in part on proximity to TRAX and FrontRunner stations.
Intelligent Infrastructure Solutions
With 81% of Americans already living in cities and their suburbs - and a
projected 100 million more residents expected by 2050 according to UN
data - intelligent infrastructure has become a high priority as urban
areas look to build and reshape their communities. Urbanization,
population growth, climate change and dwindling resources put increasing
pressure on infrastructure systems, and operators are looking for
intelligent solutions to respond.
Siemens provides sustainable technologies for metropolitan areas to help
move people and goods safely and efficiently, while improving the
environmental footprint. Siemens' portfolio for infrastructure includes
complete traffic
and rail transportation systems, efficient
energy supply and environmentally
compatible building technologies. Siemens also provides ways to
modernize how power is transmitted and distributed to enhance the smart
consumption of electricity.
Discussion and demonstration of some of these technologies will be on
display at a number Infrastructure Week events Siemens both supports and
will participate in, including:
-
Amtrak
Train Day, May 9: Amtrak Train Days kicks off at Chicago Union
Station, and Siemens and train enthusiasts will be following along at
#AmtrakTrainDays. Additional events will occur throughout the year,
including in Sacramento, home to Siemens' solar-powered rail
manufacturing hub.
-
"Investing
in America's Economy" Infrastructure Week kickoff digital event with
Vice President Joe Biden and Bloomberg Government, May 11
(Washington, D.C.): Siemens USA CEO Eric Spiegel joins Vice
President Joe Biden, U.S. Transportation Secretary Anthony Foxx
and business leaders and policy experts to share perspectives on
infrastructure's impact on businesses, state and regional
competitiveness - and highlight the transformations in infrastructure
technology, investment, and policy shaping the future of U.S.
companies.
-
UI
LABS Goose Island Facility Ribbon Cutting Event, May 11
(Chicago, IL): Dave Hopping, President of Siemens' North
American-based Building Technologies Division, will help celebrate
the opening of the new UI LABS facility which will house the Digital
Lab for Manufacturing and CityWorks programs. With more than 3,000
employees in Chicagoland, Siemens is a key technology partner for
initiatives through its Product Lifecycle Management business unit and
the Building Technologies Division, also providing building automation
and controls in the new facility. CityWorks will address
infrastructure challenges in four key areas: energy management,
physical infrastructure, water and sanitation systems, and
transportation and logistics systems.
-
Internet
of Things World, May 12 (San Francisco, CA): Mike Carlson,
President of Siemens Smart Grid North America, will deliver a
keynote address on "How Digitalization is Creating Smarter Cities",
highlighting the impact of big data on city operations and
infrastructure including the grid. Carlson will also participate in a
panel entitled "What is driving investment in Smart Cities and what
does the investment climate look like?" and be joined by Jesse Berst,
Chairman, Smart Cities Council; Jonathan Reichental, CIO, City of Palo
Alto; Brian Harrington, EVP/Chief Marketing Officer, Zipcar; and Dr.
Robert Griffin, Deputy Under Secretary for Science and Technology,
U.S. Department of Homeland Security.
-
Internet
of Things World, May 12 (San Francisco, CA): Dr. Helmuth
Ludwig, Executive Vice President of Siemens Digital Enterprise
Realization and Chief Manufacturing Officer for Siemens PLM software,
will deliver a keynote on "Industrial IoT: Challenge or Opportunity?",
highlighting how IoT is forcing manufacturers to embrace
digitalization in order to transform their current product and
production processes, ultimately strengthening their competitiveness.
-
Infrastructure
Week Advocacy Day on Capitol Hill, May 13 (Washington,
D.C.): Steve Morrison (News - Alert), Business Development Director for Siemens
U.S. Rail/Mobility, will join a bi-partisan group of senior
leaders and influencers to challenge Congress to renew its commitment
to bolstering American infrastructure.
-
Manufacturers
Alliance for Productivity and Innovation Executive Summit, May
14 (Chicago, IL): Raj Batra, President, Siemens Digital Factory U.S.,
will lead a panel discussion featuring Astec, Inc. and Park
Industries. Topics to include aging industrial assets, what investing
in advanced manufacturing looks like today and how digitalization is
transforming the industrial base and boosting the economy.
-
Portland
Tri-Met First Ride-along on MAX Orange (News - Alert) Line, May 15
(Portland, OR): Siemens U.S. Rolling Stock President Michael Cahill and
Steffen Goeller, Head of Siemens U.S. Rail Electrification business,
join U.S. Senator Jeff Merkley, Governor Kate Brown, and other elected
officials to take part in the first ride on TriMet's sixth light rail
line set to open in September. Siemens is the technology partner for
the project, serving as the MAX train manufacturer, electrification
and signal provider.
-
Bold
Bets: Fast Forward to the Connected City, May 21 (Santa
Monica, CA): Underwritten by Siemens, city, government and business
leaders including Riverside Mayor Rusty Bailey, Los Angeles Deputy
Mayor Rick Cole, Mesa Mayor John Giles, former Pennsylvania Governor
Edward Rendell, Co-Chair Building America's Future and Siemens USA CEO
Eric Spiegel. These leaders will discuss how smart our cities will
become as the software and hardware industries continue to converge,
and urban infrastructures are becoming ever-more connected. With an
eye toward efficiency and sustainability, The Atlantic will
gather experts to explore how software innovation is transforming our
cities.
Click
here for information, b-roll and other assets about
Siemens and Infrastructure Week. Receive expert insights during
Infrastructure Week and beyond. Sign
up for our Siemens' U.S. Executive Pulse leadership blog.
Follow us on Facebook
and Twitter (News - Alert) at: www.twitter.com/siemensUSA
and for Infrastructure Week #rebuildsmart.
Siemens Corporation is a U.S. subsidiary of Siemens AG (News - Alert), a global
technology powerhouse that has stood for engineering excellence,
innovation, quality, reliability and internationality for more than 165
years. With 343,000 employees in more than 190 countries, Siemens
reported worldwide revenue of approximately $98 billion in fiscal 2014.
Siemens in the USA reported revenue of $22.2 billion, including $5.2
billion in exports, and employs approximately 50,000 people throughout
all 50 states and Puerto Rico.
[ Back To TMCnet.com's Homepage ]
|