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2013 11-05 dave golden-udot
 

2013 11-05 dave golden-udot

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    2013 11-05 dave golden-udot 2013 11-05 dave golden-udot Presentation Transcript

    • TRANSPORTATION & THE U.S. ECONOMY $2.4 Trillion – Annual U.S. Transportation Spending $2.5 Trillion – Cost of time for passengers and freight $5 Trillion - Total cost of our transportation system 17% of United States Gross Domestic Product - only the Healthcare sector is comparable.
    • TRANSPORTATION & THE UTAH ECONOMY ROADS 1.3 Million jobs supported by truck based trade Per year 3 Billion vehicle trips 26 Billion vehicle miles 964 Million vehicle hours $130 Billion in goods transported TRANSIT 64.1% of jobs in Salt Lake Metro have direct access via transit (#1 Rank) 89% of Salt Lake City residents live near a transit stop #3 – ird best combined transit access rating of United States metros 42.8 million riders in 2012 $7 Billion in private investments near transit locations       Source:  Economic  Development  Research  Group,  “Economic  Benefits  and  Impacts  of  Utah’s  Unified  Plan.”  2013.     Brookings  InsItuIon    -­‐    “Where  the  Jobs  Are:  Employer  Access  to  Labor  by  Transit”   Utah  Transit  Authority  “2012  Performance  Report”  2012.    
    • 140 $140 Value (In Billion 2010$) 120 Tons (Million) $120 100 $100 80 $80 60 $60 40 $40 20 $20 0 $0 Truck Rail Air Multiple Pipeline Other and unknown (include modes & truck-air) mail Source:  Economic  Development  Research  Group,  “Economic  Benefits  and  Impacts  of  Utah’s  Unified  Plan.”  2013.   Value (In Billions 2010$) Tons of Freight (Millions) UTAH TRANSPORTATION FREIGHT MODES
    • UTAH’S DOMESTIC TRADING PARTNERS Total Trading States (Exports + Imports in Tons (Millions) Source:  Economic  Development  Research  Group,  “Economic  Benefits  and  Impacts  of  Utah’s  Unified  Plan.”  2013.  
    • UTAH’S FREIGHT FLOWS Inbound 20% Internal Outbound 53% 28% Nature  of  Utah  Freight  Movements  (All  Modes)   Type  of  Movement   Tons  (Million)   Tonnage  %   Inbound   39.4   20%   Outbound   55.8   28%   Internal   106.6   53%   TOTAL:    All  Freight   201.7   100%   Source:  Economic  Development  Research  Group,  “Economic  Benefits  and  Impacts  of  Utah’s  Unified  Plan.”  2013.  
    • JOBS – LABOR MOVEMENTS ALONG WASATCH FRONT Ogden-Clearfield MSA 33% Salt Lake MSA 10% Provo-Orem MSA Live in MSA - Work Outside 18% 25% 29% 0% 49% 66% 18% 25% 53% 50% Live Outside - Work in MSA Employed and Live in MSA Source:  U.S.  Census  Bureau.  2013.  OnTheMap  ApplicaFon.  Longitudinal-­‐Employer  Household  Dynamics  Program.  hPp:// onthemap.ces.census.gov   75% 100%
    • JOBS – LABOR MOVEMENTS ALONG WASATCH FRONT Ogden-Clearfield MSA 65,637 (80%) Salt Lake MSA 115,952 50,315 (77%) Provo-Orem MSA Source:  U.S.  Census  Bureau.  2013.  OnTheMap  ApplicaFon.  Longitudinal-­‐Employer  Household  Dynamics  Program.  hPp:// onthemap.ces.census.gov  
    • Millions Population Growth Estimates 5 4.57 4 3.91 3 2 2.26 2.77 3.31 2.67 3.11 3.61 0 2010 2020 Millions Wasatch Front MSAs 2030 2040 State of Utah Utah Employment Growth Projections 3 2.63 2.31 2 1 2.00 1.35 1.63 1.64 1.87 2.10 0 2010 2020 2030 Source:  Utah  Governor’s  Office  of  Management  and  Budget  (OMB)  “2012  Baseline  PopulaIon  ProjecIons”   2040 GROWTH 1
    • 2011 COST OF SALT LAKE METRO CONGESTION 21 million hours in congestion 185 million 9 million pounds of excess CO2   gallons of excess fuel $449 million cost to Salt Lake Metro residents ($620 per person) Source:  Texas  A&M  TransportaFon  InsFtute(TTI).“2012  Urban  Mobility  Report”  2013.  
    • WHAT CAUSES ECONOMIC GROWTH? TECHNOLOGY   PRODUCTIVITY   POPULATION   EDUCATED   HEALTHY   INCENTIVES   POPULATION   GROWTH   LABOR   INPUTS   INVESTMENT   2.  Enhance   producRvity   OUTPUTS   CAPITAL   1.  TransportaRon   investments   Source:  Compiled  by  the  David  Eccles  School  of  Business,  University  of  Utah   3.  Results  in  greater   output  and   economic  growth  
    • UTAH’S UNIFIED PLAN •  Collaboration - One of a kind •  Gold Standard for Planning •  Identifies needs through 2040 –  Further refined to prioritized projects ($54.7 billion) •  $11.3 Billion Fiscal Gap •  Includes capacity and maintenance for transit, highways, local roads,
    • ECONOMIC IMPACT OF INVESTING IN UTAH’S UNIFIED PLAN Generates: 180,000+ $22.2 billion $130.5 billion $84.8 billion in additional cumulative jobs in additional household income in tax revenue from economic growth in reduced congestion and vehicle operating costs $183.6 billion in additional Gross Domestic Product Source:  Economic  Development  Research  Group,  “Economic  Benefits  and  Impacts  of  Utah’s  Unified  Plan.”  2013.  
    • 1.  Our transportation system matters for the whole business community A.  Jobs – access and creation B.  Efficiency of the economy C.  Quality of life 2.  At stake is not only billions of dollars in funding but the vibrancy of our economy. 3.  Our transportation stakeholders are exceptional. Our transportation planning is unmatched. 4.  Business must step up and support disciplined planning and investment.