Economic Development Impact of ODOT Funding on Public Roadways [Fact Sheet]

Duncan, Chandler; Humagain, Prasanna; Matheney, Vincent; Chen, Zhenhua; Giaimo, Greg; Williges, Chris

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Economic Development Impact of ODOT Funding on Public Roadways [Fact Sheet]

2024-04-01
By Duncan, Chandler ; Humagain, Prasanna ; Matheney, Vincent

File Language:

English

Details

Creators:

Duncan, Chandler ; Humagain, Prasanna ; Matheney, Vincent ; Chen, Zhenhua ; Giaimo, Greg ; Williges, Chris
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 ; Ohio. Department of Transportation. Ohio's Research Initiative for Locals (ORIL)
Subject/TRT Terms:
Publication/ Report Number:

118083
Resource Type:

Brief
Geographical Coverage:

United States ; Ohio
Edition:

Fact Sheet
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
Download URL:

https://rosap.ntl.bts.gov/view/dot/86818/dot_86818_DS1.pdf
File Type:

[PDF - 507.18 KB]
Collection(s):

US Transportation Collection
Main Document Checksum:

urn:sha-512:cf5efae36a691d0d41ff4b929d4b494bd7b15580c2ebd33154b09544a3da8a482b7775c0b9fbfaf414e058f457383601048d568728696192f1aa947fa1e596eb

File Language:

English

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