Public transportation is an economic and jobs engine—and that’s one of the strongest messages Voices for Public Transit can deliver to Congress and other officials. Here are just a few key figures:
Public Transit Drives Commerce and Investment
Billions of dollars have been invested in business districts, residential communities, office buildings, and sports facilities along public transit service routes.
Many high-profile businesses have made access to public transit a key factor in their decisions to relocate their headquarters, bringing jobs to communities that are committed to public transit.
GE, McDonald’s, Weyerhaeuser, and Marriott Hotels all moved their headquarters to locations closer to public transportation. Amazon factored public transportation in when it selected Arlington, Virginia, as its new second headquarters. State Farm Insurance made a $600 million investment in Tempe, Arizona, with public transit access being a major factor in the company’s decision.
Businesses are recognizing public transit helps their balance sheet. It enables them to attract skilled employees, and proximity to public transit reduces employee absenteeism and turnover.
Household Economic Benefits
Public transit helps millions of people reach work and job training that improve their income and earning potential. Public transportation also helps homeowners and household budgets.
Notably, home values in areas located near high-frequency public transportation outperform—by 42%—values of homes without close access to public transit.
Public transportation can also enable households to save money—for retirement, a rainy day, or college—or put dollars back into the local economy. Households save about $10,000 annually by living with one less car and using public transportation.