Jobs Economic Output State Tax Revenues

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