Investigation of economic impacts of Florida's highway beautification program.

Details

• Creators:
  Khachatryan, Hayk ; Hodges, Alan W. ; Rahmani, Mohammad ; Stevens, Thomas J.
• Corporate Creators:
  University of Florida. Institute of Food and Agricultural Sciences
• Subject/TRT Terms:
  Beautification Economic Benefits Economic Impacts Expenditures Highways Landscaping Regional Analysis Return On Investment
• Publication/ Report Number:
  BDV31-977-03
• Resource Type:
  Tech Report
• Geographical Coverage:
  Florida
• Corporate Publisher:
  Florida. Dept. of Transportation
• Abstract:
  In Florida, the state legislature allocates funds for highway landscaping projects each year. While highway
  
  beautification may enhance the driving experience of motorists and result in more environmentally
  
  sustainable road infrastructure, it is also presumed to provide monetary benefits by attracting private
  
  investment and contributing to the economy, both directly and indirectly. This study was commissioned by
  
  the Florida Department of Transportation (FDOT) to estimate the regional economic impacts of highway
  
  beautification expenditures within the State. Activities related to highway beautification generate economic
  
  impacts in the form of increased industry output (revenues), employment, income, and local and state
  
  government tax revenues. The results showed that total expenditures for highway beautification by the
  
  FDOT in all eight districts from 2008 to 2013, generated 2,112 full-time and part-time job-years, $245.2
  
  million in output or revenue impacts, $147.6 million in value added contribution to GDP, $110 million in
  
  labor income impacts, $32.6 million in other property income impacts, and $5 million in indirect business
  
  taxes impacts. Simple annual average economic impacts of highway beautification expenditures in Florida
  
  from 2008 to 2013 amounted to $46 million in output impacts and $28 million in value-added impacts. The
  
  impact per dollar of investment was $1.53 in output, $0.92 in value added, $0.62 in labor income, and $0.03
  
  in state and local taxes, while the employment impact was 13.2 jobs per million dollars of investment.
  
  
• Format:
  PDF
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:dd5f35fc037316aab46dcf8f25720f0b11428be8ede56f4f45bf88e08b152b7e
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/27463/dot_27463_DS1.pdf
• File Type:
  [PDF - 1.37 MB ]