Highway funding helps grow Wyoming economy
Sunday, June 25, 2023
Late spring and summer is when the orange cones start appearing on Wyoming highways and byways, bringing notice of slowdowns and detours that can frustrate drivers seeking uninterrupted travels.
Those orange cones also symbolize millions of dollars in state and federal funding that is being spent in Wyoming, creating jobs and delivering economic benefits to communities and industries throughout the state.
According to research results recently published in the “NBER Macroeconomics Annual” by San Francisco Fed Economists Sylvain Leduc and Daniel Wilson, federal highway grants given to states boost economic activity in both the short and medium term. Overall, each dollar of current federal highway grants received by a state raises that state’s annual economic output by at least $2.