2013 11-05 dave golden-udot
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TRANSPORTATION & THE U.S. ECONOMY
$2.4 Trillion Annual U.S. Transportation Spending $2.5 Trillion Cost of time for passengers and freight $5 Trillion - Total cost of our transportation system 17% of United States Gross Domestic Product - only the
Healthcare sector is comparable.
TRANSPORTATION & THE UTAH ECONOMY
ROADS 1.3 Million jobs supported by truck based trade Per year 3 Billion vehicle trips 26 Billion vehicle miles 964 Million vehicle hours $130 Billion in goods transported
TRANSIT 64.1% of jobs in Salt Lake Metro have
direct access via transit (#1 Rank) 89% of Salt Lake City residents live
near a transit stop #3 ird best combined transit
access rating of United States metros 42.8 million riders in 2012 $7 Billion in private investments
near transit locations
Source: Economic Development Research Group, Economic Benets and Impacts of Utahs Unied Plan. 2013. Brookings InsItuIon - Where the Jobs Are: Employer Access to Labor by Transit Utah Transit Authority 2012 Performance Report 2012.
UTAH TRANSPORTATION FREIGHT MODES
$0
$20
$40
$60
$80
$100
$120
$140
0
20
40
60
80
100
120
140
Truck Rail Air (include
truck-air)
Multiple modes &
Pipeline Other and unknown
Valu
e (In
Bill
ions
2010
$)
Tons
of F
reig
ht (M
illio
ns)
Value (In Billion 2010$) Tons (Million)
Source: Economic Development Research Group, Economic Benets and Impacts of Utahs Unied Plan. 2013.
UTAHS DOMESTIC TRADING PARTNERS Total Trading States (Exports + Imports in Tons (Millions)
Source: Economic Development Research Group, Economic Benets and Impacts of Utahs Unied Plan. 2013.
UTAHS FREIGHT FLOWS
Nature of Utah Freight Movements (All Modes) Type of Movement Tons (Million) Tonnage % Inbound 39.4 20% Outbound 55.8 28% Internal 106.6 53% TOTAL: All Freight 201.7 100%
20% 28% 53% Inbound Outbound Internal
Source: Economic Development Research Group, Economic Benets and Impacts of Utahs Unied Plan. 2013.
JOBS LABOR MOVEMENTS ALONG WASATCH FRONT
29%
10%
33%
18%
25%
18%
53%
66%
49%
0% 25% 50% 75% 100%
Provo-Orem MSA
Salt Lake MSA
Ogden-Clear!eld MSA
Live in MSA - Work Outside
Live Outside - Work in MSA
Employed and Live in MSA
Source: U.S. Census Bureau. 2013. OnTheMap ApplicaFon. Longitudinal-Employer Household Dynamics Program. hPp://onthemap.ces.census.gov
JOBS LABOR MOVEMENTS ALONG WASATCH FRONT
65,637 (80%)
50,315 (77%)
115,952
Ogden-Clear!eld MSA
Provo-Orem MSA
Salt Lake MSA
Source: U.S. Census Bureau. 2013. OnTheMap ApplicaFon. Longitudinal-Employer Household Dynamics Program. hPp://onthemap.ces.census.gov
GRO
WTH
2.26 2.67 3.11
3.61 2.77
3.31 3.91
4.57
0 1 2 3 4 5
2010 2020 2030 2040
Mill
ions
Population Growth Estimates
Wasatch Front MSAs State of Utah
1.35 1.64
1.87 2.10
1.63 2.00
2.31 2.63
0
1
2
3
2010 2020 2030 2040
Mill
ions
Utah Employment Growth Projections
Source: Utah Governors Oce of Management and Budget (OMB) 2012 Baseline PopulaIon ProjecIons
2011 COST OF SALT LAKE METRO CONGESTION
21 million hours in congestion
9 million gallons of excess fuel
$449 million cost to Salt Lake Metro residents ($620 per person)
Source: Texas A&M TransportaFon InsFtute(TTI).2012 Urban Mobility Report 2013.
185 million pounds of excess
CO2
INPUTS OUTPUTS
WHAT CAUSES ECONOMIC GROWTH?
CAPITAL
LABOR POPULATION GROWTH
INVESTMENT
EDUCATED
HEALTHY
TECHNOLOGY INCENTIVES
Source: Compiled by the David Eccles School of Business, University of Utah
POPULATION PRODUCTIVITY
1. TransportaRon investments
2. Enhance producRvity
3. Results in greater output and
economic growth
UTAHS UNIFIED PLAN Collaboration - One of a kind Gold Standard for Planning Identi!es needs through 2040
Further re!ned to prioritized projects ($54.7 billion)
$11.3 Billion Fiscal Gap Includes capacity and
maintenance for transit, highways, local roads,
ECONOMIC IMPACT OF INVESTING IN UTAHS UNIFIED PLAN
Generates:
180,000+ in additional cumulative jobs
$130.5 billion
in additional household income
$183.6 billion in additional Gross Domestic Product
$22.2 billion in tax revenue from economic growth
$84.8 billion in reduced congestion and vehicle operating costs
Source: Economic Development Research Group, Economic Benets and Impacts of Utahs Unied Plan. 2013.
1. Our transportation system matters for the whole business community
A. Jobs access and creation B. Eciency of the economy C. Quality of life
2. At stake is not only billions of dollars in funding
but the vibrancy of our economy.
3. Our transportation stakeholders are exceptional. Our transportation planning is unmatched.
4. Business must step up and support disciplined planning and investment.