Discussion Paper On The Evaluation Of Economic Development
A Federal Transit Administration Office of Planning and Environment document from 2008 discussing how FTA might evaluate the potential economic development impacts of projects applying for New Starts funds.
The "Discussion Paper on the Evalution of Economic Development" grew out of an effort in 2005 to develop quantitative measures of the economic development impacts of transit. In 2007, FTA convened a panel of experts to consider the potential methodologies available to measure the economic development benefits of transit.
"The approach described in this discussion paper is not a modeling approach and does not rest on forecasts of economic development," the authors explain. "Rather, it describes a method based on an assessment of the key conditions that FTA believes contribute to and facilitate the economic development impacts of transit projects."