ECONOMY 2019 ECONOMIC IMPACT REPORT 41/32/5 Southeastern PA is the - - PowerPoint PPT Presentation

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ECONOMY 2019 ECONOMIC IMPACT REPORT 41/32/5 Southeastern PA is the - - PowerPoint PPT Presentation

Jun 25, 2023 175 likes •503 views

DRIVES THE ECONOMY 2019 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 LAND. This degree of

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SLIDE 1

2019 ECONOMIC IMPACT REPORT

DRIVES THE

ECONOMY

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 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

41% OF STATE’S ECONOMIC ACTIVITY WITH 32% OF ITS POPULATION ON 5% OF ITS

  • LAND. This degree of economic productivity and

density is not possible without transit to efficiently move people throughout the region.

41/32/5

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SLIDE 3

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

41%

CORPORATION

42%

ESTATE & REALTY TRANSFER

36%

INCOME

32%

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

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SLIDE 4

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

STATE POPULATION GROWTH

  • 20000

20000 40000 60000 80000 100000 120000

POPULATION GROWTH

2010 - 2018

+95,902 +114,223

B U C K S

MFL/BSL TRACTS

+32,045

MFL/BSL TRACTS

+32,045

D E L A W A R E MONTGOMERY C H E S T E R

+5,769 +2,790 +22,122 +27,697 +55,845

PHILADELPHIA

FIVE COUNTIES STATEWIDE

  • 18,321

REST OF STATE

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

STATE POPULATION GROWTH

  • 20000

20000 40000 60000 80000 100000 120000

POPULATION GROWTH

2010 - 2018

+95,902 +114,223

B U C K S

MFL/BSL TRACTS

+32,045

MFL/BSL TRACTS

+32,045

D E L A W A R E MONTGOMERY C H E S T E R

+5,769 +2,790 +22,122 +27,697 +55,845

PHILADELPHIA

FIVE COUNTIES STATEWIDE

  • 18,321

REST OF STATE

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

STATE POPULATION GROWTH

20000 40000 60000 80000 100000 120000

POPULATION GROWTH

2010 - 2018

+114,223

B U C K S D E L A W A R E MONTGOMERY C H E S T E R

+5,769 +2,790 +22,122 +27,697 +55,845

PHILADELPHIA

FIVE COUNTIES

+58,378

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

STATE POPULATION GROWTH

  • 20000

20000 40000 60000 80000 100000 120000

POPULATION GROWTH

2010 - 2018

+95,902 +114,223

FIVE COUNTIES STATEWIDE

  • 18,321

REST OF STATE

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

CITY POPULATION GROWTH

CITY OVERALL REST OF THE CITY MFL/BSL TRACTS

  • 15
  • 12
  • 9
  • 6
  • 3

3 6 9 12

2010-2017 2000-2010 1990-2000 1980-1990 1970-1980

3.4%

  • 15%
  • 13%
  • 13%
  • 5%
  • 6%
  • 6%
  • 2%
  • 5%
  • 4%

6% 9.8%

  • 1%

1.5% 1%

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

CITY POPULATION GROWTH

  • 65,628

REST OF THE CITY MFL/BSL TRACTS

  • 80,000
  • 60,000
  • 100,000
  • 40,000
  • 20,000

20,000 40,000 60,000

  • 120,000

2010-2017 2000-2010 1990-2000 1980-1990

32,045 20,547

52,592

  • 12,739
  • 5,828
  • 59,799

21,198

8,459

  • 20,616
  • 103,996
  • 83,380
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SLIDE 10

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

RESIDENTIAL PROPERTY VALUE INCREASES BASED ON PROXIMITY TO SEPTA TRANSIT

$17.5B

RESIDENTIAL PROPERTY VALUE SUPPORTED BY SEPTA

$ in Billions

PRE-ACT 89 POST-ACT 89

$15.2B

0.0 $2.5B $5.0B $7.5B $10.0B $12.5B $15.0B $17.5B $20.0B

MONTGOMERY DELAWARE CHESTER BUCKS PHILADELPHIA

Access to transit increases home values. Statistical models allow economists to isolate this value through the analysis of housing sales. ACCESS TO SEPTA SERVICE CONTRIBUTES A PREMIUM OF

$33 BILLION IN HOUSING VALUE, representing 11% OF TOTAL HOUSING VALUE

IN SOUTHEASTERN PA.

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SLIDE 11

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

PRESERVING AFFORDABILITY IN A GROWING CITY

Transit reduces household expenses. In the City of Philadelphia, THE AVERAGE HOUSEHOLD SAVES $830 PER YEAR, a net financial benefit associated with proximity

to high-quality transit. These annual household savings add up to $481M CITYWIDE.

Premium

$870

Car Ownership

$1,670

Car Driving

$530

Public Transit

$500

Average Savings Per Household

$830

HOUSING TRANSPORTATION

IMPACT OF HIGH QUALITY TRANSIT

MORE AFFORDABLE

From Transit’s Added Value From Fewer Vehicles From Less Fuel Usage From More Transit Use

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

NOT POSSIBLE WITHOUT TRANSIT - SPACE IS LIMITED

BY BUS BY CAR BY DRIVERLESS CAR SCHUYLKILL EXPRESSWAY CENTER CITY

SOURCE: JARRETT WALKER + ASSOCIATES

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SLIDE 13

NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

$775M

POST-ACT 89

5,420

JOBS

$302M

EARNINGS

+70%

IMPACT

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

ACT 89

Capital Impact

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SLIDE 14

NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

F I V E C O U N T I E S

$725M

POST-ACT 89

5,130

JOBS

$287M

EARNINGS

+71%

IMPACT

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

ACT 89

Capital Impact

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SLIDE 15

NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

$82M

POST-ACT 89

560

JOBS

$31M

EARNINGS

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

B U C K S

ACT 89

Capital Impact

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NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

$78M

POST-ACT 89

530

JOBS

$30M

EARNINGS

CHESTER

ACT 89

Capital Impact

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SLIDE 17

NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

D E L A W A R E

$154M

POST-ACT 89

1,140

JOBS

$64M

EARNINGS

ACT 89

Capital Impact

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NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

M O N T G O M E R Y

$145M

POST-ACT 89

1,000

JOBS

$56M

EARNINGS

ACT 89

Capital Impact

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

P H I L A D E L P H I A

$265M

POST-ACT 89

1,900

JOBS

$107M

EARNINGS

ACT 89

Capital Impact

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P E N N S Y L V A N I A

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

$3.05B

POST-ACT 89

23,370

JOBS

$1.72B

EARNINGS

AVERAGE ANNUAL

NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

SEPTA

Economic Impact

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5

  • C

O U N T Y

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

$2.93B

POST-ACT 89

22,590

JOBS

$1.67B

EARNINGS

AVERAGE ANNUAL

NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

SEPTA

Economic Impact

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LEVITTOWN STATION

B U C K S

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

$228M

POST-ACT 89

1,650

JOBS

$95M

EARNINGS

AVERAGE ANNUAL

SEPTA

Economic Impact

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SLIDE 23

PAOLI STATION

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

CHESTER

$174M

POST-ACT 89

1,300

JOBS

$72M

EARNINGS

AVERAGE ANNUAL

SEPTA

Economic Impact

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69TH STREET WEST TERMINAL

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

D E L A W A R E

$434M

POST-ACT 89

3,240

JOBS

$212M

EARNINGS

AVERAGE ANNUAL

SEPTA

Economic Impact

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SLIDE 25

9TH STREET STATION

M O N T G O M E R Y

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

$403M

POST-ACT 89

3,010

JOBS

$175M

EARNINGS

AVERAGE ANNUAL

SEPTA

Economic Impact

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SLIDE 26

CENTER CITY CONCOURSE IMPROVEMENT PROGRAM

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

P H I L A D E L P H I A

$1.69B

POST-ACT 89

13,390

JOBS

$1.11B

EARNINGS

AVERAGE ANNUAL

NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL

SEPTA

Economic Impact

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

PROCUREMENT MAP

2014 - 2018 Contract Value By County

FIVE YEAR CONTRACT VALUE: § 2014-2018: $1.34B (POST-ACT 89) AVERAGE ANNUAL $269M

VENANGO PIKE COLUMBIA $361,300 SCHUYLKILL POTTER FULTON J U N I A T A CLEARFIELD $13,500 CAMBRIA $100,200 BEDFORD WYOMING SUSQUEHANNA BRADFORD SULLIVAN NORTHUMBERLAND MONTOUR LYCOMING $5,800 TIOGA MCKEAN WARREN $50,000 FOREST ELK CAMERON UNION SNYDER HUNTINGDON ARM- STRONG GREENE CRAWFORD BLAIR $1,922,700 BUTLER $2,745,400 WAYNE MONROE $210,500 B U C K S $ 2 1 2 , 9 3 7 , 7 M O N T G O M E R Y $ 2 2 3 , 6 3 2 , 8 PHILADELPHIA $369,424,800 DELAWARE $171,562,900 CHESTER $116,715,600 BERKS $41,757,100 LEHIGH $1,657,700 CARBON $859,300 LUZERNE $13,826,900 LACKAWANNA $115,300 LEBANON $1,231,800 LANCASTER $2,891,300 YORK $953,500 ADAMS $114,600 DAUPHIN $22,519,300 CENTRE $313,300 PERRY CUMBERLAND $14,977,600 FRANKLIN $345,300 MIFFLIN $582,900 FAYETTE $101,100 WESTMORELAND $1,901,400 INDIANA $3,164,400 JEFFERSON $184,900 CLINTON $300 SOMERSET $199,600 CLARION WASHINGTON $503,600 ALLEGHENY $79,637,300 BEAVER $1,129,900 LAWRENCE $51,700 MERCER $9,300 ERIE $459,200 NORTHAMPTON $53,159,000

$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

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40TH STREET STATION 61ST & PINE ST BUS LOOP DIRECT BUS ON ROOSEVELT BLVD CENTER CITY CONCOURSES

  • PHASE I

15TH STREET STATION ARROTT TRANSPORTATION CENTER WOODLAND AVE. BRIDGE SOUTHERN DISTRICT

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

FINISHED PROJECT HIGHLIGHTS - CITY UNDER CONSTRUCTION

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SLIDE 29

SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 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 EXPANSION

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

CATALYTIC IMPACT

King of Prussia Rail Project

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SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT

CATALYTIC IMPACT

30th Street Station Plan