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TRANSPORTATION &
THE U.S. ECONOMY
$2.4 Trillion – Annual U.S. Transportation Spending
$2.5 Trillion – Cost of time for pas...
ROADS

TRANSPORTATION &
THE UTAH ECONOMY

1.3 Million
jobs supported by truck based
trade
Per year
3 Billion vehicle trips...
140

Value (In Billion 2010$)

120

Tons (Million)

$140
$120

100

$100

80

$80

60

$60

40

$40

20

$20

0

$0
Truck
...
UTAH’S DOMESTIC TRADING PARTNERS
Total Trading States (Exports + Imports in Tons (Millions)

Source: Economic Development ...
UTAH’S FREIGHT FLOWS

Inbound

20%

Internal

53%

Outbound

Nature of Utah Freight Movements (All Modes)
Type of Movement...
JOBS –

LABOR MOVEMENTS ALONG WASATCH FRONT

Ogden-Clearfield MSA

Salt Lake MSA

10%

Provo-Orem MSA
Live in MSA - Work O...
JOBS –

LABOR MOVEMENTS ALONG WASATCH FRONT

Ogden-Clearfield MSA
65,637 (80%)

Salt Lake MSA

115,952

50,315 (77%)
Provo...
4
3
2
1

2.26

2.77

2.67

3.31

3.91
3.11

4.57
3.61

0
2010

2020

Millions

Wasatch Front MSAs

2040

State of Utah

Ut...
2011 COST OF
SALT LAKE METRO CONGESTION
21 million

hours in congestion

9 million

gallons of excess fuel

$449 million

...
WHAT CAUSES ECONOMIC GROWTH?
TECHNOLOGY

PRODUCTIVITY

POPULATION
EDUCATED
HEALTHY

INCENTIVES

POPULATION
GROWTH

LABOR

...
UTAH’S UNIFIED PLAN
• Collaboration - One of a kind
• Gold Standard for Planning
• Identifies needs through 2040
– Further...
ECONOMIC IMPACT OF INVESTING IN
UTAH’S UNIFIED PLAN
Generates:

180,000+

$22.2 billion

$130.5 billion

$84.8 billion

in...
1. Our transportation system matters for the whole
business community
A. Jobs – access and creation
B. Efficiency of the e...
Governor's Transportation Summit - Salt Lake Chamber Utah Transportation Coalition
Governor's Transportation Summit - Salt Lake Chamber Utah Transportation Coalition
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Governor's Transportation Summit - Salt Lake Chamber Utah Transportation Coalition

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David Golden provided the following presentation at the Governor's Transportation Summit on November 5, 2013.

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Governor's Transportation Summit - Salt Lake Chamber Utah Transportation Coalition

  1. 1. 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.
  2. 2. ROADS TRANSPORTATION & THE UTAH ECONOMY 1.3 Million jobs supported by truck based trade Per year 3 Billion vehicle trips 26 Billion vehicle miles 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 – Third best combined transit access rating of United States metros 964 Million vehicle hours 42.8 million riders in 2012 $130 Billion in goods $7 Billion in private investments transported near transit locations Source: Economic Development Research Group, “Economic Benefits and Impacts of Utah’s Unified Plan.” 2013. Brookings Institution - “Where the Jobs Are: Employer Access to Labor by Transit” Utah Transit Authority “2012 Performance Report” 2012.
  3. 3. 140 Value (In Billion 2010$) 120 Tons (Million) $140 $120 100 $100 80 $80 60 $60 40 $40 20 $20 0 $0 Truck Rail Air Multiple Pipeline Other and (include modes & unknown truck-air) mail Source: Economic Development Research Group, “Economic Benefits and Impacts of Utah’s Unified Plan.” 2013. Value (In Billions 2010$) Tons of Freight (Millions) UTAH TRANSPORTATION FREIGHT MODES
  4. 4. 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.
  5. 5. UTAH’S FREIGHT FLOWS Inbound 20% Internal 53% Outbound 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. 28%
  6. 6. JOBS – LABOR MOVEMENTS ALONG WASATCH FRONT Ogden-Clearfield MSA Salt Lake MSA 10% Provo-Orem MSA Live in MSA - Work Outside Live Outside - Work in MSA 18% 33% 0% 66% 25% 53% 18% 29% 25% 49% 50% Employed and Live in MSA Source: U.S. Census Bureau. 2013. OnTheMap Application. Longitudinal-Employer Household Dynamics Program. http://onthemap.ces.census.gov 75% 100%
  7. 7. 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 Application. Longitudinal-Employer Household Dynamics Program. http://onthemap.ces.census.gov
  8. 8. 4 3 2 1 2.26 2.77 2.67 3.31 3.91 3.11 4.57 3.61 0 2010 2020 Millions Wasatch Front MSAs 2040 State of Utah Utah Employment Growth Projections 3 2 1 2030 1.35 1.63 1.64 2.00 1.87 2.31 2.63 2.10 0 2010 2020 2030 Source: Utah Governor’s Office of Management and Budget (OMB) “2012 Baseline Population Projections” 2040 GROWTH Millions Population Growth Estimates 5
  9. 9. 2011 COST OF SALT LAKE METRO CONGESTION 21 million hours in congestion 9 million gallons of excess fuel $449 million 185 million pounds of excess CO2 cost to Salt Lake Metro residents ($620 per person) Source: Texas A&M Transportation Institute(TTI).“2012 Urban Mobility Report” 2013.
  10. 10. WHAT CAUSES ECONOMIC GROWTH? TECHNOLOGY PRODUCTIVITY POPULATION EDUCATED HEALTHY INCENTIVES POPULATION GROWTH LABOR INPUTS INVESTMENT 2. Enhance productivity OUTPUTS CAPITAL 1. Transportation investments Source: Compiled by the David Eccles School of Business, University of Utah 3. Results in greater output and economic growth
  11. 11. 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,
  12. 12. 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.
  13. 13. 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.

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