FTA New Starts Economic Development Working Paper
This paper provides some initial ideas on approaches to economic development criteria based on a definition of economic development typically used by planners at the local metropolitan and state levels focusing on job, industry, and occupational growth, and direct investment in buildings, infrastructure, and human capital rather than on a definition used by economists focused on costs, expenditures, revenue flows and measures of output and productivity.
The following discussion is divided into two main sections. Section II, which follows this introduction, lays out the arguments for linking transit to economic development. Section III proposes some specific approaches for including economic development criteria in the New Starts evaluation process.