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Governor's Transportation Summit - Salt Lake Chamber Utah Transportation Coalition
1.
2.
3. 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.
4. 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
$7 Billion in private investments
transported
near transit locations
Source: Economic Development Research Group, “Economic Benefits and Impacts of Utah’s Unified Plan.” 2013.
Brookings Institution - “Where the Jobs Are: Employer Access to Labor by Transit”
Utah Transit Authority “2012 Performance Report” 2012.
5. 140
Value (In Billion 2010$)
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
6. 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.
7. 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%
8. 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%
9. 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
11. 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.
12. 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
13. 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,
14. 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.
15. 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.