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Wed February 28, 2018 - National Edition
A comprehensive new analysis finds that an April 2017 California law will generate nearly $183 billion in economic activity and user benefits throughout all sectors of the state's economy over 10 years. The additional demand, in turn, will also support or create an average of over 68,200 jobs per year, adding up to over 682,000 job-years over the next decade — with over half coming in sectors outside of the construction industry.
The 62-page analysis, conducted by American Road & Transportation Builders Association (ARTBA) Chief Economist Dr. Alison Premo Black, examines the numerous impacts of Senate Bill 1 (SB 1) — the Road Repair and Accountability Act of 2017. The measure included $5 billion annually in new investments for the state's highways and local streets, bridges and transit systems.
“SB1 is not only providing economic benefits for the California economy over the next decade,” Black said, “but will also provide infrastructure improvements that will lay the foundation for economic growth for the next generation.”
Black's analysis quantifies the safety benefits, lower operating costs, reduced congestion, modernized equipment and increased mobility that will result over the next decade from the increased investment in SB 1. Among the key findings:
The additional direct and indirect economic impacts over the 10-year period are also significant:
The study was commissioned by the California Alliance for Jobs, California Transit Association, and Transportation California.
Established in 1902 and with more than 8,000 public and private sector members, ARTBA advocates for strong federal investment in transportation to meet the public and business community demand for safe and efficient travel.
Since 2000, Dr. Black and her team have authored more than 80 national and state studies examining transportation/bridge funding and investment patterns. Dr. Black has a Ph.D. in economics from the George Washington University and a master's in international economics and Latin American Studies from the Johns Hopkins School of Advanced International Studies.