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Measuring Your Region’s Transportation Strengths

Measuring Your Region’s Transportation Strengths. Alan Spell| Missouri Economic Research and Information Center| Missouri Department of Economic Development. The Council for Community and Economic Research | 2012 Annual Conference. Who is Measuring Transportation?.

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Measuring Your Region’s Transportation Strengths

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  1. Measuring Your Region’s Transportation Strengths Alan Spell| Missouri Economic Research and Information Center| Missouri Department of Economic Development The Council for Community and Economic Research | 2012 Annual Conference

  2. Who is Measuring Transportation? Measuring Transportation Investments 2011 Study Rockefeller Foundation and the Pew Center $131 billion spent in 2010 yet mostly unmeasured

  3. Transportation Measures from a Commerce Perspective Few States Measure Jobs and Commerce & Environmental Stewardship Source: 2011 Study Rockefeller Foundation and the Pew Center Study

  4. Transportation and Commerce Linkage Old and New Economies Collide in the Growing Metropolitan Areas Impacts Access and Costs Impacts Quality of Life Impacts Talent Attraction and Retention

  5. Freight Movement Focusing on Freight Top Missouri Truck Commodities Shipped to States • Freight Issues: • Aging Infrastructure and Funding • Panama Canal Expansion • Intermodal Capacity • Air Freight Source: Bureau of Transp. Statistics, Commodity Flow Survey

  6. Measuring Transportation and CommerceStrengths Commonly Used Transportation Measures that Relate to Commerce: Impact Measures Relative Measures Business and Economic Developers Departments of Transportation

  7. Relative Transportation Measures Hours Wasted a Year In Traffic Congestion Businesses Interested in: Lower Fuel Cost Lower Traffic Congestion More Flights More Alternatives (Bus, Bike, etc.) Many Free or Inexpensive Sources: Fuel Cost: http://fuelgaugereport.aaa.com/ Transportation Cost: http://www.coli.org/Compare.asp Traffic Congestion: http://scorecard.inrix.com/scorecard/ Airport Stats: http://www.faa.gov/airports/resources/data_stats/ Commodity Flows: http://www.bts.gov/publications/commodity_flow_survey/ Source: 2012 INRIX Traffic Scorecard Source: FAA Air Cargo Statistics

  8. Economic Impact Transportation Measures Dept. of Transportation (DOT) Interested in: Economic and Environmental Impact Prioritize Funding Transportation Impact Models: REMI TranSight Tredis Good Tool: Census LED On-The-Map

  9. Economic Impact Opportunities DOT Opportunities: You have the economic modeling skills You understand labor markets You are cost effective You are an outside evaluator Impacts needed for funding Use Pilot Projects to highlight value Considerations: Knowing what DOT can provide (Urban vs. Rural) Some impacts harder to model (like Bridges) Construction vs. Operation Phases (Nice Bridges)

  10. Other Transportation Strengths? What Happens in Nevada, Stays in Nevada (for now…) Source: The UK Telegraph. Telegraph Media Group The Council for Community and Economic Research | 2012 Annual Conference

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