United States Department of Transportation
i
Investigation of economic impacts of Florida's highway beautification program.
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2014-05-01
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[PDF-1.37 MB]
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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.
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