EDR Group President, Glen Weisbrod, presented on Wednesday, October 7th, 2015 at the APTA Annual Meeting in San Francisco. Weisbrod was on a panel speaking on the topic of "Measuring the Economic Impact of Public Transport Investment."
It is often challenging to interpret potentially conflicting and inconsistent approaches to measuring economic impact. Unique considerations can make it difficult to generalize transit economic benefits and impacts and relatively few transit agencies or even metropolitan planning organizations can afford to sponsor original economic impact and benefit studies unique to their regions. This session provided an overview of the four major types of analyses and provide standard measurement practices that you can apply. Weisbrod described concrete strategies that may maintain housing affordability once investments in public transportation have been made.
Available at http://www.apta.com/resources/statistics/Pages/Surveys.aspx APTA’s report, "Economic Impact of Public Transportation Investment," shows how to measure public transportation’s impact on economic productivity and shows that productivity gains last long after the short-term effects.