How does transportation affect economic development?
People want to have the option to walk, bike, or take transit to work, and businesses, employers and developers have taken notice. Cities and communities in which it is easier for workers and residents to get around in ways other than by car for most of their daily needs are drawing more investments in terms of economic growth and jobs.
Additionally, studies are increasingly finding that lower rates of driving means more money stays in the local economy, as opposed to being siphoned away by the cost of gasoline. Bicyclists, for example, generally spend more money more frequently at local businesses than drivers do.
Thus, businesses and economic development agencies are often on the forefront of advocacy for better transportation options. Smarter decisions when it comes to getting around will pay off down the road when it comes to attracting a talented workforce and fostering a stronger local economy.
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This Saturday’s TransportationCamp DC 2017 will feature a broad array of topics. Esther Dyson, executive founder of Way to Wellville, author, and angel investor, will appear in a session about creating more connected cities. Access is an important factor in community health, and a well-connected transportation network plays a vital role in enabling that. Small,… Read more »
Real-estate developers and property managers have long been coming around to the simple business decision that, if they want to manage profitable projects and attract tenants, they should build and own near transit and other non-driving options. Just look at Detroit: A 2.5-mile streetcar system expected to launch in a few months to downtown is… Read more »
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Last week, the North American Bike Share Association brought together bikeshare systems from across the continent to Austin, Texas, for its third annual conference. BikeArlington program manager Henry Dunbar, who manages Capital Bikeshare in Arlington County, Va., attended the conference, and reports back that three major themes dominated the presentations. A growing mode Though NABSA… Read more »
It’s safe to say that, in 2016, the sharing economy has gone mainstream. What’s funny about this is that what most people are referring to when we talk about this segment of the economy has little to do with sharing. I was thinking about this while I rode my hotel’s “shared bicycle” ($22 for four hours)… Read more »
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Editor’s note: This is one of the final parts of our Transpo(nation) series, in which Andrew Carpenter bicycled across the U.S. – from San Francisco back to Washington D.C. – to report on transportation options. The home stretch of my trip through Pennsylvania and Maryland followed the Great Allegheny Passage and Chesapeake & Ohio Canal… Read more »
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