Economic Development Impacts of ODOT Funding on Public Roadways

Details

• Creators:
  Duncan, Chandler ; Humagain, Prasanna ; Chen, Zhenhua ; Strum, Nathan ; Williges, Chris ; Giaimo, Greg
• Corporate Creators:
  Metro Analytics, LLC ; Ohio State University ; HDR ; WSP
• Corporate Contributors:
  Ohio. Department of Transportation. Office of Statewide Planning and Research ; United States. Department of Transportation. Federal Highway Administration
• Subject/TRT Terms:
  Economic Development Economic Impacts Job Opportunities Transportation Planning
• Publication/ Report Number:
  FHWA/OH-2024/07
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States ; Ohio
• Edition:
  Final Report
• Corporate Publisher:
  Ohio. Department of Transportation
• Abstract:
  While the Ohio Department of Transportation (ODOT) has several models that quantify the economic benefits and impacts of its investments, the Economic Development Impact Tool (EDIT) is the unique product of national research in market access, development capacity, and historical economic performance. A review of national literature and existing ODOT models provides the foundation for an interactive evidence-based process to assign new business attraction potential to ODOT projects and project areas. Findings include an overview of how the national body of literature applies to development settings faced by ODOT, observations of where development capacity, labor market access and freight market access are most sensitive to ODOT system performance, and empirical findings from a Machine-Learning model of economic responses to ODOT’s investments over 10-20 years. Future research areas identified include expansion of the EDIT resources to address freight and transit access, international gateways and controlling for competing development sites within Ohio.
• Format:
  PDF
• Funding:
  39165
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:11030327f5a94854798b1efe0973a79ca54dce78b16a5a663cb66e1202987f93044fca565fe123f61637128483b1b537b3f54bd5ae25ad191f73b2977100c0d2
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/86817/dot_86817_DS1.pdf
• File Type:
  [PDF - 1.56 MB ]