Final Report
November, 2015
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Prepared for
Federal Highway Administration
Office of Planning Environment and Realty
Notice
The contents of this report reflect the views of the authors, who are responsible for the facts and the accuracy of the information presented herein. The opinions, findings, and conclusions expressed in this publication are those of the authors and not necessarily those of the Volpe National Transportation Systems Center or the Federal Highway Administration.
This document is disseminated under the sponsorship of the U.S. DOT in the interest of information exchange. The sponsors assume no liability for the contents or use of the information contained in this document. This report does not constitute a standard, specification, or regulation. This report does not constitute a standard, specification, or regulation.
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Technical Report Documentation Page |
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1. Report No. |
2. Government Accession No. |
3. Recipient's Catalog No. |
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FHWA-HEP-16-043 |
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4. Title and Subtitle |
5. Report Date |
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Supporting Economic Development with Highway Investment |
November 2015 |
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6. Performing Organization Code |
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7. Author(s) |
8. Performing Organization Report No. |
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9. Performing Organization Name and Address |
10. Work Unit No. (TRAIS) |
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Volpe National Transportation Systems Center U.S. Department of Transportation 55 Broadway Cambridge, MA 02142 |
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11. Contract or Grant No. |
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12. Sponsoring Organization Name and Address |
13. Type of Report and Period Covered |
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Federal Highway Administration U.S. Department of Transportation 1200 New Jersey Avenue SE Washington DC 20590 |
Final Report |
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14. Sponsoring Agency Code |
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15. Supplementary Notes |
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Principal Investigator: Doug Lee Co-Principal Investigator: Emily Futcher Research Assistant: |
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16. Abstract |
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Federal transportation regulations and law direct State and local transportation agencies to account for economic development plans in transportation planning processes. While Federal law is not prescriptive about how State and local agencies account for economic development, there exists a need for better understanding of how highway projects can support economic development and the economic competitiveness of local and regional economies. This document is a primer on economic development, and includes a glossary of relevant terms, discussion of available economic analysis methods and tools, and descriptions of current practice in estimating economic development impacts by agencies of different sizes. The primer focuses on economic development concepts and economic development impacts generally, in the context of discussing the role of highway investment within a package of economic development actions and policies. |
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17. Key Words |
18. Distribution Statement |
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economic development-transportation and economic development-impacts of highway investment-economic analysis methods and tools-benefit-cost analysis-economic impact analysis-economic development analysis-economic development concepts-economic development impacts-economic development strategies |
No restrictions. |
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19. Security Classification (of this report) |
20. Security Classification (of this page) |
21. No. of Pages |
22. Price |
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Unclassified. |
Unclassified. |
59 |
NA |
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