ECONOMY OF PENNSYLVANIA SEPTA 2018 ECONOMIC IMPACT REPORT 41/32/5 - - PowerPoint PPT Presentation
DRIVES THE ECONOMY OF PENNSYLVANIA SEPTA 2018 ECONOMIC IMPACT REPORT 41/32/5 Southeastern PA is the Commonwealths key economic engine. THE FIVE COUNTIES GENERATE 41% OF STATES ECONOMIC ACTIVITY WITH 32% OF ITS POPULATION ON 5% OF ITS
SEPTA 2018 ECONOMIC IMPACT REPORT
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
M O N T G O M E R Y DELAWARE CHESTER P H I L A D E L P H I A BUCKS
Southeastern PA is the Commonwealth’s key economic engine. THE FIVE COUNTIES GENERATE
density is not possible without transit to efficiently move people throughout the region.
41/32/5
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
CORPORATION
ESTATE & REALTY TRANSFER
INCOME
SALES
With just 32% of the state’s population, SOUTHEASTERN PA
GENERATES $10.8 Billion (36%) OF THE TOTAL TAX REVENUES to the state general fund
36% OF STATE TAX REVENUE
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
FIVE COUNTIES STATEWIDE
2010 - 2016
D E L A W A R E MONTGOMERY C H E S T E R PHILADELPHIA REST OF THE STATE B U C K S
+81,565 +71,884
+4,297 +861 +16,349 +20,613 +39,445
90,000 80,000 70,000 10,000 20,000 30,000 40,000 50,000 60,000
STATE POPULATION GROWTH
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
FIVE COUNTIES STATEWIDE
2010 - 2016
D E L A W A R E MONTGOMERY C H E S T E R REST OF THE STATE B U C K S
+81,565 +71,884
+4,297 +861 +16,349 +20,613
90,000 80,000 70,000 10,000 20,000 30,000 40,000 50,000 60,000
STATE POPULATION GROWTH
PHILADELPHIA
+39,445
MFL/BSL TRACTS
+31,423
MFL/BSL TRACTS
+31,423
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | PRELIMINARY FINDINGS REPORT - FEBRUARY 2018
CITY POPULATION GROWTH
CITY OVERALL REST OF THE CITY MFL/BSL TRACTS
3 6 9 12
2010-2016 2000-2010 1990-2000 1980-1990 1970-1980
2.6%
6% 9.6%
0.5% 1%
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
CITY POPULATION GROWTH
REST OF THE CITY MFL/BSL TRACTS
20,000 40,000 60,000
2010-2016 2000-2010 1990-2000 1980-1990
31,423 8,022
39,445
21,198
8,459
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
POST-ACT 89
JOBS
EARNINGS
IMPACT
ACT 89
Capital Impact
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
F I V E C O U N T I E S
POST-ACT 89
JOBS
EARNINGS
IMPACT
ACT 89
Capital Impact
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
POST-ACT 89
JOBS
EARNINGS
ACT 89
Capital Impact
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
B U C K S
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
ACT 89
Capital Impact
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
POST-ACT 89
JOBS
EARNINGS
CHESTER
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
ACT 89
Capital Impact
D E L A W A R E
POST-ACT 89
JOBS
EARNINGS
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
ACT 89
Capital Impact
M O N T G O M E R Y
POST-ACT 89
JOBS
EARNINGS
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
ACT 89
Capital Impact
P H I L A D E L P H I A
POST-ACT 89
JOBS
EARNINGS
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
P E N N S Y L V A N I A
SEPTA
Economic Impact
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
5
O U N T Y
SEPTA
Economic Impact
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
LEVITTOWN STATION
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
B U C K S
SEPTA
Economic Impact
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
PAOLI STATION
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
SEPTA
Economic Impact
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
CHESTER
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
69TH STREET WEST TERMINAL
D E L A W A R E
SEPTA
Economic Impact
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
9TH STREET STATION
M O N T G O M E R Y
SEPTA
Economic Impact
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
CENTER CITY CONCOURSE IMPROVEMENT PROGRAM
SEPTA
Economic Impact
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
P H I L A D E L P H I A
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
PROCUREMENT MAP
TOTAL CONTRACT VALUE:
§ 2010-2013: $756M (PRE-ACT 89) § 2013-2016: $1,079M (POST-ACT 89) § ∆: +$323M
2013 - 2016 Contract Value By County
VENANGO PIKE COLUMBIA $243,200 SCHUYLKILL POTTER FULTON JUNIATA CLEARFIELD $13,500 CAMBRIA $88,500 BEDFORD WYOMING SUSQUEHANNA BRADFORD SULLIVAN NORTHUMBERLAND MONTOUR LYCOMING $6,200 TIOGA MCKEAN WARREN FOREST ELK CAMERON UNION $600 SNYDER HUNTINGDON ARMSTRONG GREENE CRAWFORD BLAIR $2,003,400 BUTLER $2,744,100 WAYNE MONROE $238,000 BUCKS $144,925,600 MONTGOMERY $199,367,600 PHILADELPHIA $422,471,200 DELAWARE $112,356,400 CHESTER $73,524,800 BERKS $39,838,800 LEHIGH $1,523,700 CARBON $707,000 LUZERNE $10,721,300 LACKAWANNA $80,100 LEBANON $1,234,800 LANCASTER 422,200 YORK $954,000 ADAMS $76,400 DAUPHIN $14,725,300 CENTRE $438,800 PERRY $500 CUMBERLAND $14,238,300 FRANKLIN $131,000 MIFFLIN $1,737,900 FAYETTE $120,200 WESTMORELAND $1,413,000 INDIANA $5,424,100 JEFFERSON $774,800 CLINTON $5,700 SOMERSET $76,000 CLARION WASHINGTON $422,600 ALLEGHENY $14,248,800 BEAVER $1,157,800 LAWRENCE $22,300 MERCER $7,700 ERIE $129,100 NORTHAMPTON $10,468,900
$10 Million and Above $1 Million To $10 Million $500,000 To $1 Million $100,000 TO $500,000 $0 TO $100,000 NO PROCUREMENT
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
CONGESTION AND TRAVEL TIME TRAVEL COST PUBLIC SAFETY ENVIRONMENTAL ACCESS TO EMPLOYMENT OPPORTUNITIES
CONGESTION IMPACT
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
FINISHED PROJECT HIGHLIGHTS - CITY UNDER CONSTRUCTION
40TH STREET STATION 61ST & PINE ST BUS LOOP DIRECT BUS ON ROOSEVELT BLVD CENTER CITY CONCOURSES
15TH STREET STATION ARROTT TRANSPORTATION CENTER WOODLAND AVE. BRIDGE SOUTHERN DISTRICT
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
FINISHED PROJECT HIGHLIGHTS - SUBURBAN UNDER CONSTRUCTION
LEVITTON STATION SECANE STATION EXTON STATION FRONTIER DISTRICT BUS DEPOT CRUM CREEK VIADUCT LANSDALE STATION PARKING GARAGE LENNI SUBSTATION FRAZER YARD
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
CATALYTIC IMPACT
King of Prussia Rail Project
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
CATALYTIC IMPACT
30th Street Station Plan
$6B $5B $4B $3B $2B $1B $0
PRE-ACT 89 POST-ACT 89
FOUR COUNTIES
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2018 ECONOMIC IMPACT REPORT
SUBURBAN RESIDENTIAL PROPERTY VALUE IMPACTS
BUCKS COUNTY
$2.9B
7% of Total Value
$2.2B
CHESTER COUNTY
$1.9B
$1.4B
4% of Total Value
DELAWARE COUNTY
$3.7B
$2.9B
11% of Total Value
MONTGOMERY COUNTY
$5.9B
$4.4B
8% of Total Value
RESIDENTIAL PROPERTY VALUE SUPPORTED BY SEPTA $ in Billions
Access to rail transit increases property values. Models allow economists to isolate this value through analysis of home sales. On average, suburban residential property values
are 7.4% higher, totaling $14.5 BILLION in added home value associated with SEPTA’s Regional Rail & Norristown High Speed Line.
At a county level, property value impacts range from 4% ($1.9B) of total value in Chester County to 11% ($3.7B) of total value in Delaware County.