Economy
RELATED TOPICS: Connected Multimodal Networks, Funding Projects and Programs, Trails and Shared Use Paths
Walking and biking are not only affordable forms of transportation but can also contribute to economic growth and community resilience. Well-planned pedestrian and bicycle infrastructure can help increase foot traffic for local businesses, support tax revenue generation, and promote overall well-being.
For individuals, reliable walking and biking networks can support job access, productivity, and personal well-being. Studies indicate that individuals who engage in regular physical activity may experience lower healthcare costs and improved quality of life. Investing in pedestrian and bicycle infrastructure can encourage healthy habits and provide practical transportation solutions for community members.
Active transportation projects can also be a cost-effective investment for economic development. A report from Smart Growth America and the National Complete Streets Coalition indicates that pedestrian and bicycle infrastructure projects typically cost significantly less to build per mile compared to traditional roadway projects. Additionally, these projects have been associated with increased property values and higher sales tax revenues. By expanding safe and efficient transportation options, communities can strengthen economic opportunities and long-term prosperity.
Resources
Safer Streets, Stronger Economies
National Complete Streets Coalition
Analyses data and explores the outcomes from investments in Complete Streets.
E-Bike Economic Impact Assessment Calculator
Rocky Mountain Institute
Assesses the impact of e-bikes as a substitute for vehicle trips.
Outdoor Recreation Rural Economic Toolkit
Outdoor Recreation Roundtable Association
Provides strategies for building better outdoor recreation economies.
The Pedestrian Pound: The Business Case for Better Streets and Places
Living Streets
Presents qualitative and quantitative evidence demonstrating economic benefits of investing in improved streets and public spaces.
Land Use as a Strategy for Transportation, Housing, and the Environment
U.S. Department of Transportation
Lays out the rationale to use land use policies as one strategy for achieving improved outcomes in transportation system performance.
More Resources >
Examples
Evaluating the Economic Impact of Shared Use Paths in North Carolina
Institute for Transportation Research and Education (ITRE) and Alta Planning and Design
Reports on designing and testing a methodology to evaluate a range of monetized benefits from four different trails.
Redevelopment Benefits of Adopting a Complete Streets Approach
U.S. Department of Housing and Urban Development
Explores how Complete Streets can enhance housing development, improve safety, and increase real estate values.
