Alan Spell| Missouri Economic Research and Information Center| Missouri Department of Economic Development Measuring Your Region’s Transportation Strengths.

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Alan Spell| Missouri Economic Research and Information Center| Missouri Department of Economic Development Measuring Your Region’s Transportation Strengths The Council for Community and Economic Research | 2012 Annual Conference

Who is Measuring Transportation? Measuring Transportation Investments 2011 Study Rockefeller Foundation and the Pew Center $131 billion spent in 2010 yet mostly unmeasured

Transportation Measures from a Commerce Perspective Few States Measure Jobs and Commerce & Environmental Stewardship Source: 2011 Study Rockefeller Foundation and the Pew Center Study

Transportation and Commerce Linkage Freight Movement Congestion Environment and Safety Impacts Quality of Life Impacts Access and Costs Impacts Talent Attraction and Retention Old and New Economies Collide in the Growing Metropolitan Areas

Top Missouri Truck Commodities Shipped to States Freight Movement Freight Issues:  Aging Infrastructure and Funding  Panama Canal Expansion  Intermodal Capacity  Air Freight Focusing on Freight Source: Bureau of Transp. Statistics, Commodity Flow Survey

Measuring Transportation and Commerce Strengths Commonly Used Transportation Measures that Relate to Commerce: Relative Measures Impact Measures Business and Economic Developers Departments of Transportation

Relative Transportation Measures Businesses Interested in: Lower Fuel Cost Lower Traffic Congestion More Flights More Alternatives (Bus, Bike, etc.) Many Free or Inexpensive Sources: Fuel Cost: Transportation Cost: Traffic Congestion: Airport Stats: Commodity Flows: Source: 2012 INRIX Traffic Scorecard Hours Wasted a Year In Traffic Congestion Source: FAA Air Cargo Statistics

Economic Impact Transportation Measures Dept. of Transportation (DOT) Interested in: Economic and Environmental Impact Prioritize Funding Transportation Impact Models: REMI TranSight Tredis Good Tool: Census LED On-The-Map

Economic Impact Opportunities DOT Opportunities: You have the economic modeling skills You understand labor markets You are cost effective You are an outside evaluator Impacts needed for funding Use Pilot Projects to highlight value Considerations: Knowing what DOT can provide (Urban vs. Rural) Some impacts harder to model (like Bridges) Construction vs. Operation Phases (Nice Bridges)

The Council for Community and Economic Research | 2012 Annual Conference Other Transportation Strengths? What Happens in Nevada, Stays in Nevada (for now…) Source: The UK Telegraph. Telegraph Media Group