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Maximizing Economic Growth: Doubling Investment in Pennsylvania's Infrastructure

Explore the economic impacts of doubling Pennsylvania's annual highway and bridge capital investment, including job creation and increased tax revenue at state and federal levels. Learn how this strategic investment drives economic growth across various sectors.

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Maximizing Economic Growth: Doubling Investment in Pennsylvania's Infrastructure

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  1. Jobs • Economic Output • State Tax Revenues A Blueprint for Economic Growth:The Impacts Of Doubling Pennsylvania's Annual Highway & Bridge Capital Investment

  2. About the Economic Study • First study looking at how public transportation investment stimulates business activity and government revenues • Sets a baseline of information about the industry • U.S. Department of Commerce RIMS model • U.S. Census Bureau NAICS and County Business Patterns • Traces unique relationship of transportation construction and the economy

  3. Pennsylvania’s Highway & Bridge Construction Industry • $2.65 billion in annual capital outlays • Generates $6.9 billion in economic activity, or 1.2% of Pennsylvania’s GDP • Supports 148,669 full time jobs • 74,062 direct jobs • 74,607 induced jobs • $7.01 billion in direct & induced wages • $863.9 million in state & federal taxes • $259.4 million state income tax revenue • $536.5 million federal payroll tax revenue • $68 million state payroll tax revenue

  4. The Highway & Bridge Construction Industry in Pennsylvania

  5. Pennsylvania’s Highway & Bridge Construction Industry • 3.3 million workers in industries dependent on transportation infrastructure network • Tourism, manufacturing, agriculture, mining, retail and wholesale trade • $114.6 billion in wages • $9.9 billion in state and federal payroll tax revenue • $3.5 billion in state income tax revenue

  6. Pennsylvania’s Highway & Bridge Construction Industry – Long Run Impact • Positive relationship between infrastructure investment and economic growth • Positive impact on private sector employment and activity • Direct user benefits – saving time and improving safety • Increase in industry productivity

  7. Doubling Annual Highway & Bridge Investment in Pennsylvania • What is the economic impact of doubling Pennsylvania highway and bridge capital outlays? • How will this impact state and federal tax revenue? • How many jobs will be created? • What other sectors will benefit from this investment?

  8. Economic Impact of $2.5 Billion Highway & Bridge Investment – Overall Economy

  9. Economic Impact of $2.5 Billion Highway & Bridge Investment – Job Distribution

  10. Economic Impact of $2.5 Billion Highway & Bridge Investment – Construction

  11. Economic Impact of $2.5 Billion Highway & Bridge Investment – Manufacturing

  12. Economic Impact of $2.5 Billion Highway & Bridge Investment – Retail Trade

  13. Economic Impact of $2.5 Billion Highway & Bridge Investment – Health care & social assist.

  14. Main Study Conclusions • Highway & Bridge Construction Industry Spurs Economic Growth in Pennsylvania • $2.65 billion industry generating $6.9 billion in economic activity • Supports 148,669 full time jobs • $7.01 billion in direct & induced wages • $863.9 million in state & federal taxes

  15. Main Study Conclusions • Impact of increased $2.5 billion in highway & bridge investment • $6.5 billion in economic activity • Supports 50,091 full time jobs • $2 billion in wages • $214 million in state & federal tax revenue

  16. Contact Information ARTBA – Transportation Development Foundation 1219 28th Street NW Washington, DC 20007 202-289-4434 Alison Premo Black, Vice President of Policy ablack@artba.org

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