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The Innovative Infrastructure Partnership Project (I2P2) at the GW School of Business Institute for Corporate Responsibility (ICR) conducts research and outreach on the applicability of a financing strategy called public/private partnerships (P3) to address the region’s infrastructure needs. In response to the backlog of development needs and a climate of increasing fiscal constraints, public managers would benefit from a better understanding of the potential applications of the P3 approach. Such an understanding would help facilitate leveraging private financing to accelerate community and economic development in the region
Although P3s have become commonplace around the world, they remain innovative and largely foreign to US public officials and managers. I2P2 offers objective analysis and guidance on how to initiate and effectively manage P3s. As the market continues to expand for P3s from private and pension money, public officials need to understand both the promise and the potential pitfalls of P3s.
For example, the allure of P3s for Washington, D.C. and surrounding jurisdictions is the estimated $650 billion backlog in surface transportation needs, and hundreds of billions of dollars more for projects in other sectors like healthcare, education, water and sewerage, and public safety. Yet, there is an unyielding opposition to raising taxes. P3s offer one approach to closing that gap.
The I2P2 brings together faculty and students from George Washington University’s School of Business, School of Engineering and Applied Science, and Stephen Joel Trachtenberg School of Public Policy and Public Administration to conduct research on the application of a P3 approach to financing public infrastructure projects and to foster a community of learning among public officials.
The challenge is that P3s are not a simple approach to providing public infrastructure and services. However, that only amplifies the need for public officials to grasp P3s: they are an innovative opportunity when done right; but if not done right, they could cause major fiscal problems.
The I2P2 will conduct analysis and studies of current P3 financed projects, prepare reports and studies on possibilities of using P3 on the region’s pressing infrastructure needs across sectors, develop policy studies on topics related to innovative financing of infrastructure projects, and develop learning materials and venues for public managers to appreciate the potential for P3s and what is required to ensure its successful application.
Current research projects include:
The I2P2 will engage government, business, and local communities as partners in these efforts.
Lead Researchers for the I2P2 are:
John Forrer is the Associate Director for the Institute for Corporate Responsibility and the Associate Research Professor of Strategic Management and Public Policy at The George Washington University School of Business. Dr. Forrer is a leading expert on public-private partnerships and has numerous publications and speaking engagements on the subject; most recently he spoke at the U.S. Department of StateUncommon Alliances: Real Partnerships - Real Experiences - Real Impacts Forum.
Kathryn Newcomer is the Director of the Trachtenberg School of Public Policy and Public Administration at the George Washington University where she teaches public and nonprofit, program evaluation, research design, and applied statistics. She is a non-residential Fellow in Governance Studies at the Brookings Institution, and an elected member of the Board of Directors of the American Evaluation Association.
Dr. Roddis is a registered professional engineer. Dr. Roddis has design experience in heavy industrial and general commercial building design, as well as in bridge design. She is a structural engineer with varied teaching and research interests. She is recognized nationally as an expert in distortion-induced fatigue of steel highway bridges and internationally as an expert on the application of artificial intelligence and advanced computing methods to civil engineering problem solving.
Affiliated Researchers for the I2P2 are:
Associated Research Centers include:
The Institute for Corporate Responsibility
The Institute for Corporate Responsibility is uniquely positioned to take advantage of multiple opportunities and resources in order to become the central institute for the study of issues pertaining to corporate responsibility and to be a resource to the national and international community on the topic. ICR has endeavored to become a leader for the business community through business associations and the policy community through federal agencies, Congress, local and regional governments, non-governmental organizations, and international organizations. By fostering such diverse partnerships - in the US and globally - ICR is achieving its goal to be the preeminent, nationally recognized center on this subject.