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Glen Weisbrod Economic Development Research Group, Inc. Presented at: TRB Joint Summer Meeting

Data Needs & Gaps: Identifying & Communicating the Economic Benefits of Transportation Investments. Glen Weisbrod Economic Development Research Group, Inc. Presented at: TRB Joint Summer Meeting July 11-12, 2011, Boston, MA. Topics: Advancing Towards Realism. “RESTRUCTURING”

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Glen Weisbrod Economic Development Research Group, Inc. Presented at: TRB Joint Summer Meeting

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  1. Data Needs & Gaps:Identifying & Communicating the Economic Benefits of Transportation Investments Glen Weisbrod Economic Development Research Group, Inc. Presented at: TRB Joint Summer Meeting July 11-12, 2011, Boston, MA

  2. Topics: Advancing Towards Realism • “RESTRUCTURING” • Evolution of Goals & Needs • DATA REQUIREMENTS • Clarifying Processes & Purposes • USE FOR POLICY & PLANNING • Communication for Involved Parties

  3. WHAT IS “RESTRUCTURING” • The underlying shift in our nation’s transportation requirements, priorities and plans? Fed- State- Local Roles Multi- Modalism Global Commerce Wider Benefits Maturing Infrastructure The federal transportation funding bill that Congress will soon be now considering? The design of federal programs change over time?

  4. Economic Goals & Needs > Criteria & Metrics Metrics Efficiency & Cost Effectiveness ROI – Return on Investment VFM – Value for Money PPP Public Private Partnership Federal/State Responsibilities

  5. DATA REQUIREMENTS > Driving Themes

  6. Support for Themes is Broad National Surface Trans Policy & Revenue Commission (2007) Bipartisan Policy Center on Transportation 2009-2010 Proposed 2009 Surface Transportation Authorization Act Proposed 2011 Transportation Opportunities Act Proposed 2011 Freight Act Proposed 2011 Am. Infrastructure Investment Fund Act

  7. Translating Themes to Definitions (1) Defining Metrics • Interstate & inter-city volume • International & inter-modal volume • $ National GDP Contribution • $ Value of movements (at specific facilities, ports, gateways) National Economic Significance Interstate commerce Connecting cities (markets) Intermodal & port/gateway connectors

  8. Translating Themes to Definitions (2) Defining Metrics • Freight routes (by vehicle % or cargo volume) • Non-local origin or destination • High value of goods (per lb. or total) • Capacity constraint, delay, variability Freight Plan Interstate freight movement routes Intermodal port/gateway access routes Connectors (Industrial links, port links, intermodal and market access links)

  9. Translating Themes to Definitions (3) Metrics (drivers) • Cost saving to facility operators + users • GDP Contribution… built upon: • Productivity from supply chain, access & connectivity enhancement • International competitiveness Calculation inputs (Also tell the story) Economic Benefit & Feasibility Value for Money (cost effectiveness) Societal Return on Investment (BCA) Income and job generation Public- private financing feasibility (revenue/cost)

  10. Example: Interstate Connectivity Access Enhancement and Economic Impact of Completing the Appalachian Development Highway System (ADHS) Improvement in Access to Intermodal Rail (2035) Improvement in Access to Marine Port (2035) Improvement in Same Day Delivery Access (2035)

  11. Example: Regional Accessibility Labor Market - Chicago(40 min commute area) Same Day Delivery Market – Portland , OR (3 hr. area) Econ productivity from growth in effective market density (“agglomeration”); builds on GIS capabilities

  12. Data to Support Transportation Programs Application of Economic Metrics • Identify program benefit (avoided cost of inaction) • Establish program eligibility • Enable ranking & prioritization • Determine feasibility (cost, operation) Calculation inputs (Also tell the story) Readily-available tools • Commuting (Census JTW, LEHD) • Flows (FHWA FAF) • Deficiencies (HERS-ST) • National networks (NavTeq, Cube, etc.) • Accounting frameworks (NCFRP05) • Econ models (Tredis, Inforum, Remi)

  13. Match Econ Metrics to Planning Stage (fed, state & local) COMMUNICATIONS Ref: SHRP2 Collaborative Decision-Making Framework

  14. Different Audiences, Objectives & Data Needs • Legislators, Administrators, Public • Assess Conceptual Proposals • -- • Key Stakeholders & Agency Staff • Assess Representative Scenarios • -- • Agency Staff w/Public Oversight • Assess Packages of Projects • -- • Assess Individual Projects • -- • Public Hearings, Stakeholders, Agencies • Assess Project Alternatives

  15. Conclusions Long-term march towards multi-modalism, flexibility and accountability, recognizing societal goals. Data must support economic performance & impact metrics …including job/ income growth and its drivers (e.g., access, connectivity & reliability). At each stage, metrics must match to audiences & decisions, providing an understandable link to public goals. Thus, intermediate factors are important. GIS, new datasets and tools are making these metrics feasible at a national level.

  16. Contact Info gweisbrod@edrgroup.com Library of articles www.edrgroup.com/library White paper on matching economic analysis to different planning stages (send email)

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