According to findings in a study released today by the American Public Transportation Association (APTA), companies located in the nation’s most productive regions need additional public transportation to reach their full employment potential.
The report, The Role of Transit in Support of High Growth Business Clusters in the U.S., conducted by the Economic Development Research Corporation and commissioned by APTA, projects that 480,000 new jobs representing $32 billion per year in income will be at risk due to congestion by 2040. The study was released at a U.S. Capitol Hill briefing sponsored by the Congressional Public Transportation Caucus.
“These industries in high-growth areas rely on creative, high-skilled workers who choose places where public transportation is an option,” said U.S. Representative Michael Grimm (R-NY) and co-chair of the Public Transportation Caucus. “With physical limitations to adding highway lanes, public transportation is the most cost-effective option to help support sustained job growth in these locations.”
“Only with robust, reliable and safe public transportation systems can we begin to unlock the country’s true economic potential,” said U.S. Representative Dan Lipinski (D-IL). “As our economy continues to evolve in the 21st century, it is imperative that we provide employers and workers with more options to connect people to jobs. Improving public transportation is a critical part of meeting this goal.”
APTA President and CEO Michael Melaniphy stated, “Public transportation provides the access to enable high-tech and high-growth industries to cluster in areas that can attract the talent they need, while avoiding the consequences of constrained growth. Public transportation investment is a key ingredient in helping these firms enhance their productivity and compete on a global stage.”
Chosen excerpts by Job Market Monitor. Read the whole story at
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