Social, Economic and Environment Benefits of Transit
• Parking cost savings
• Roadway cost savings
• Reduced traffic accidents
• Improved mobility options
• Consumer cost savings
• Land use planning objectives
• Energy conservation
• Pollution emission reductions
• Increased physical activity
Transit connects workers to jobs in suburban and rural areas.
Most suburbanites who ride public transportation are headed for work. For service and entry-level employees with limited mobility options, transit is a key link to suburban or industrial park-based jobs.
Transit relieves traffic congestion and improves business productivity.
The tremendous growth in traffic congestion means extra costs for business – higher wages and benefits to recruit workers, shorter workdays, increased absenteeism, and greater employee turnover and transportation assistance. Business is recognizing that travel mobility is a key quality of life issue for its labor force. Transit provides another economic boost to business by removing autos from the highway system, thereby maintaining roadway capacity for the shipment of goods and material.
Transit stimulates economic development around stations or bus stops.
Supported by a steady stream of pedestrians and transit riders, a mix of employment, retail and leisure activities are growing up around transit stops and housing. Transit-oriented development is being used as a tool to encourage business growth, to revitalize aging downtowns and declining urban neighborhoods, and to enhance tax revenues for local jurisdictions.
Transit reduces energy consumption and achieves clean air standards.
Increased use of public transportation is the most effective strategy for achieving significant energy savings and environmental gains – without new taxes, government mandates or regulations. Emissions from road vehicles are the largest contributors to smog.
Transit generates jobs and a significant return on investment.
In project after project, a capital investment in public transportation sparks a chain reaction in business activity that far exceeds the initial investment. The dollars flow to hundreds of industries, from specialized rail or bus construction firms to maintenance and software suppliers. Every $1 billion invested in public transit capital projects generates 30,000 jobs, and the same amount invested in transit operations generates 60,000 jobs. The return on investment could be as high as 9 to 1.