A Bay Area Council Economic Institute analysis reports the $8 billion 2014 Transportation Expenditure Plan will yield more than $20 billion in total economic activity and 150,000 jobs.
The new report by the Bay Area Council Economic Institute, “In The Fast Lane,” states that well-functioning transportation systems are critical to economic competitiveness at the national and regional levels. Alameda County represents a crucial focal point in the Bay Area’s regional transportation system. Yet this system must not only be maintained but also upgraded and expanded to keep pace with population growth.
The 2014 Transportation Expenditure Plan will ensure the system is maintained as well as expand BART, bus and commuter rail; keep fares affordable for seniors, youth and people with disabilities; provide traffic relief; improve air quality and provide clean transportation; and create good jobs within Alameda County.
In fact, the report says the 2014 Plan will yield more than $20 billion in total economic activity in the Bay Area and 150,000 full-time equivalent jobs in construction, transit operations and maintenance, professional, scientific and technical services and manufacturing.
For more information, see the four-page summary or the full “In The Fast Lane” report. To learn more about the 2014 Plan, visit the 2014 Plan web page.