Economy
July 16, 2009
Rail transit is poised to become the state’s most powerful economic stimulus.
Rail transit will employ about 10,000 people in fields such as engineering, architecture, construction, and other industries. Already, this project has engaged more than 50 local subcontractors. Furthermore, transit-oriented development – the creation of shops, restaurants, and housing in the vicinity of transit stations – will attract new investment, revitalize communities, and create even more local jobs.
Investment in public transportation generates high economic returns.
More local jobs and new businesses will generate much-needed revenue for the city and state. This means improved public services for all of us. According to the American Public Transit Association, “Every dollar taxpayers invest in public transportation generates $6 or more in economic returns.”
