1. 1 Davis Chacon Hurtado, Eleni Bardaka, Ruiman Yang, Konstantina Gkritza, and Jon D. Fricker HOUSTON, TX – JUNE 26 - 29, 2016 Transportation and Economic Development: An Assessment of the SHRP2 C11 Tools and Their Synergies with Economic Simulation Models for the Evaluation of Wider Economic Benefits of Transportation Projects

2. Wider economic benefits (W.E.B) 2 Activity System Trans. System Flows Direct ImpactsIndirect ImpactsInduced ImpactsDynamic Impacts Source: Office of Planning, Environment, & Realty (2014), Manheim (1979), Litman (2010), SHRP 2 Report S2-C11-RW-1 (2014), Sinha & Labi (2007) Transportation and Economic Development

3. VOC TT SAF C C CC EM R R Community Cohesion Vehicle Oper. Costs Travel Time Safety Connectivity A A Accessibility Reliability CL CS SEC Customer Satisfaction Livability Security 3 C C R R A A What Are Wider Economic Benefits (W.E.B)?

4. 4 1 Policy / Funding Stage 2 Planning / Strategy Stage 3 Programming Stage 4 Prioritization Stage 5 Project Devel./ EIS Stage 6 Operations Stage EconWorks Case Studies (T-PICS) Economic Models (REMI, TREDIS) SHRP2 C11 (EconWorks W.E.B.) Tools Source: PlanWorks Collaborative Decision-Making Framework When To Consider W.E.B & How To Measure Them?

5. 5 SHRP2 C11 (EconWorks W.E.B.) Tools SHRP2 C11 (EconWorks W.E.B.) Tools Reliability Market Access Intermodal Connectivity Accounting Framework Buyer-Supplier Market Access Labor Market Access SHRP2 C11 (EconWorks W.E.B.) Tools

6. 6 HOUSTON, TX – JUNE 26 - 29, 2016 The EconWorks Accessibility Tools & TREDIS SR-3, IN

7. 7 Source: Indiana Maps, Ohio DOT, and Kentucky Geoportal -Adding one lane in each direction -Bypasses at Rushville and Spiceland -Objectives: -Decrease travel time -Enhance freight mobility -Expected benefits: -$44.6M to regional economy -460 new jobs Case Study: SR-3 Project Description

8. 8 Employment Employment Impedance Impedance GRP GRP Decay Factor Decay Factor Productivity Elasticity Productivity Elasticity Inputs Impact Area Impact Area Effective Density Effective Density Productivity Productivity Analysis Output Case Study: SR-3 EconWorks W.E.B. Tools: Accessibility (Buyer – Supplier Markets Access)

9. PRODUCTIVITY EFFECTIVE DENSITY Effective Density  Measure of accessibility to markets  Gravity model assumption -Potential of economic activity at any location is a function of its proximity to other economic centers and of their economic “mass” 9 Productivity  Productivity implications from increasing accessibility to markets What Are Effective Density & Productivity?

10. 10 EconWorks W.E.B. Accessibility Tools: Buyer – Supplier Markets $7.1 Million Buyer-Supplier Markets Access Results

11. 11 Sensitivity Analysis – Case Study: SR-3 EconWorks W.E.B. Tools: Accessibility (Buyer – Supplier Market Access)

12. 12 Inputs Analysis and Output Labor Force Data Labor Force Data Impedance Levels Impedance Levels Trips Trips Threshold Impedance Threshold Impedance Average Speed Average Speed Employment Centers Employment Centers Zone Accessibility Zone Accessibility Employment Accessibility Employment Accessibility Concentration Index Concentration Index Commuter Cost EconWorks W.E.B. Tools: Accessibility (Labor Markets Access) Case Study: SR-3

13. 13 $14,449 Labor Markets Access Results EconWorks W.E.B. Accessibility Tools: Labor Markets

14. 14 Sensitivity Analysis – Case Study: SR-3 EconWorks W.E.B. Tools: Accessibility (Labor Markets Access)

15. Impact on a region’s economy Benefits and costs of the project, policy, or plans Financial – Public / Private Fiscal – Tax and Fee Revenues Performance Measures Web-based Decision Support System Single project, Alternative analysis, Public policy, etc. Multi-types Analysis Road, Rail, Aviation, Marine, Pedestrian, Bicycles, Custom Address All Transportation Modes Source: Introduction to TREDIS, February 2015 http://www.tredis.com/images/graphics/resources/Intro_to_TREDIS_Webinar-February_2015.pdf 15 Economic Models - TREDIS

16. 16 Mode – Trip Purpose Combination Mode – Trip Purpose Combination Study Regions Project Timing and Analysis Period Total Construction Costs Maintenance and Operation Costs Traffic Data (build & no build) Emp.- 3 hours for Build Scenario Productivity (Value added) Productivity (Value added) Output Inputs $3.8 million only considered Decatur, Rush, and Henry County Case Study: SR-3 TREDIS Analysis: Buyer – Supplier Markets Access Module

17. 17 Mode – Trip Purpose Combination Mode – Trip Purpose Combination Study Regions Project Timing and Analysis Period Total Construction Costs Maintenance and Operation Costs Traffic Data (build & no build) Pop.- 40 min. for Build Scenario Productivity (Value added) Productivity (Value added) Output Inputs $64.9 million only considered Decatur, Rush, and Henry County Case Study: SR-3 TREDIS Analysis: Labor Markets Access Module

18. 18 Market Access Comparison of Two Packages

19. 19 Project ObjectiveThreshold Factor Traditional Benefit Analysis EconWorks W.E.B. Tools - Accessibility Metropolitan area accessibility improvement between housing and employment centers Population > 50,000 and Density > 1,800/sq.mile ✓ Access to Local Markets Tool or Access to Buyer- Seller Market Tool Metropolitan or regional business delivery accessibility improvement Trucks > 12% of all vehicles ✓ Access to Buyer- Seller Market Tool Applicability of EconWorks W.E.B.Tools-Accessibility

20. 20 Economic Resilience Indicators for Transportation Project Appraisals Location, Diversification, and Productivity of Businesses RC A [Highways] [Transit] What’s Next? Specific Tools to Assess the Economic Development Impacts of TSM&O Strategies

21. 21 Thank you. DesktopNexus.com