The Chippewa County Economic Development Corporation (CCEDC), along with the Transportation Investment Coalition (TIC) hosted a Networking Leadership Event to discuss the future of transportation -specifically funding mechanisms- in Wisconsin. The event was held on Monday, February 02, 2015 at General Beer Northwest, located in the Lake Wissota Business Park, Chippewa Falls.
Craig Thompson, Executive Director of the Transportation Development Association of Wisconsin and a member of the TIC lead the discussion for the event. The discussion surrounded around the depleting sources of funding for Wisconsin’s transportation infrastructure which only make-up 85% of what is needed. Wisconsin’s transportation network is funded primary through state revenue, federal revenue, and bonds. Federal funding is derived from the Highway Trust Fund, which includes a Highway Account and a Transit Account. The Federal Highway Trust Fund is only solvent through May 2015, at which time there will be an insufficient balance to fully reimburse states for Highway projects. Attendees of the event discussed long term funding solutions.
Wisconsin’s transportation infrastructure provides a network for transporting goods to the market, citizens to work, children to school, and families to tourism destinations throughout the state -transportation is the lifeblood of Wisconsin’s economy.
CCEDC would like to thank the event sponsors BMO Harris Bank and General Beer Northwest.