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:
  • Landscaping
  • Highways
  • Beautification
  • Economic impacts
  • Expenditures
  • Return on investment
  • Economic benefits
  • Regional analysis
• 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.
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• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/27463/dot_27463_DS1.pdf
• File Type:
  [PDF - 1.37 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:dd5f35fc037316aab46dcf8f25720f0b11428be8ede56f4f45bf88e08b152b7e