26 May '14, 4pm

Public transportation investment powers significant productivity gains, based on a new study: #T…

Washington, DC. Public transportation investment powers significant productivity gains, based on a new study that is measuring this for the first time. The study, Economic Impact of Public Transportation Investment, demonstrates that investment in public transportation will lead to 50,700 jobs per $1 billion invested, with 28,900 jobs per $1 billion attributed to the productivity gains enjoyed by households and businesses. This ground breaking methodology goes beyond the traditional measurement of public transit operations and capital investments and calculates the economic impacts of creating more efficient local transportation systems. Overall, investment in public transportation offers an economic return of $4 for every $1 invested. The study was conducted for the American Public Transportation Association (APTA) by the Economic Development Research Group, Inc. The repo...

Full article: http://www.apta.com/mediacenter/pressreleases/2014/Pages/...

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