How does transportation affect economic development?
People want to have the option to walk, bike, or take transit to work, and businesses, employers and developers have taken notice. Cities and communities in which it is easier for workers and residents to get around in ways other than by car for most of their daily needs are drawing more investments in terms of economic growth and jobs.
Additionally, studies are increasingly finding that lower rates of driving means more money stays in the local economy, as opposed to being siphoned away by the cost of gasoline. Bicyclists, for example, generally spend more money more frequently at local businesses than drivers do.
Thus, businesses and economic development agencies are often on the forefront of advocacy for better transportation options. Smarter decisions when it comes to getting around will pay off down the road when it comes to attracting a talented workforce and fostering a stronger local economy.
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Employer TDM programs aren’t just for reducing congestion on highways – they also make good business sense, contributing to productive workplaces and employee retention. Best Workplaces for Commuters, a program of the Center for Urban Transportation Research, today released its 2017 list of employers leading the way in TDM programs, a national lineup of companies making… Read more »
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