SACRAMENTO, Calif., June 15 /PRNewswire/ -- California High-Speed Rail Authority Chairman Curt Pringle issued the following statement regarding a study by the Economic Development Research Group released today by the United States Conference of Mayors:
"This important report adds to the growing evidence that high-speed rail will be a catalyst for businesses large and small – and create thousands of new jobs in Los Angeles and beyond," Chairman Pringle said. "The experts agree that investing in California's infrastructure now, by building a cohesive statewide high-speed rail network, will pay dividends in economic opportunity for years to come."
The report found that the state's high-speed rail project would have a substantial impact on the Los Angeles economy, increasing the region's economic output by $4.3 billion a year and creating 55,000 permanent new jobs. The report is available online at www.usmayors.org/highspeedrail.
SOURCE California High-Speed Rail Authority