APTA - The Case for Business Investment in Public Transportation

The American Public Transportation Association released an updated report making the case for investment in the public transportation industry by detailing the enormous growth in ridership, service provided, and funding levels. The report reinforces that there has been a steady growth trend over the past three decades and it is now a $55 billion industry.

According to the report, America’s public transit systems carried more than 10 billion passenger trips for the fifth consecutive year in 2010, the highest levels since 1957. It also shows support for better public transportation through public approval of transit ballot measures. These ballot measures have a 73 percent approval rate over the past 12 years.

Additionally, there have been consistent, diverse, and stable sources of funding for public transportation. With funding coming from a mix of federal, state, local and transit agency sources, the transit industry revenues reached $38.9 billion in 2009 for agency operations and $18.2 billion for agency capital programs. The report states that since 1995, capital funding provided by the combined total of directly generated and local sources has increased 180 percent.

APTA noted for each $1 billion invested in public transportation, 36,000 jobs are supported and created.

To read the full report, please click on the link below.

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The Case for Business Investment in Public Transportation