DRIVES THE ECONOMY 2019 ECONOMIC IMPACT REPORT
41/32/5 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. BUCKS M O N T G O M E R Y CHESTER P H I L A D E L P H I A DELAWARE SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
36% OF STATE TAX REVENUE 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 32% 36% 41% 42% SALES CORPORATION INCOME ESTATE & REALTY TRANSFER SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
STATE POPULATION GROWTH +114,223 120000 +2,790 S B U C K +5,769 +95,902 D E L A W A R E 100000 +22,122 C H E S T E R 80000 +27,697 POPULATION GROWTH MONTGOMERY 60000 +55,845 PHILADELPHIA 40000 MFL/BSL TRACTS MFL/BSL TRACTS 20000 +32,045 +32,045 0 FIVE COUNTIES REST OF STATE STATEWIDE -18,321 -20000 2010 - 2018 SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
STATE POPULATION GROWTH +114,223 120000 +2,790 B U C K S +5,769 +95,902 D E L A W A R E 100000 +22,122 C H E S T E R 80000 +27,697 POPULATION GROWTH MONTGOMERY 60000 +55,845 PHILADELPHIA 40000 MFL/BSL TRACTS MFL/BSL TRACTS 20000 +32,045 +32,045 0 FIVE COUNTIES REST OF STATE STATEWIDE -18,321 -20000 2010 - 2018 SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
STATE POPULATION GROWTH +114,223 120000 +2,790 B U C K S +5,769 D E L A W A R E 100000 +22,122 C H E S T E R +58,378 80000 POPULATION GROWTH +27,697 MONTGOMERY 60000 40000 PHILADELPHIA +55,845 20000 0 FIVE COUNTIES 2010 - 2018 SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
STATE POPULATION GROWTH +114,223 120000 +95,902 100000 80000 POPULATION GROWTH 60000 40000 20000 0 FIVE COUNTIES REST OF STATE STATEWIDE -18,321 -20000 2010 - 2018 SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
CITY POPULATION GROWTH 12 9.8% 9 6% 6 3.4% 3 1.5% 1% 0 -1% -3 -2% -6 -4% -5% -5% -6% -6% -15% -13% -13% -9 -12 -15 1970-1980 1980-1990 1990-2000 2000-2010 2010-2017 MFL/BSL TRACTS CITY OVERALL REST OF THE CITY SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
CITY POPULATION GROWTH 52,592 60,000 40,000 32,045 8,459 20,000 21,198 20,547 0 -12,739 -20,000 -59,799 -40,000 -83,380 -60,000 -5,828 -80,000 -65,628 -20,616 -100,000 -103,996 -120,000 1980-1990 2000-2010 2010-2017 1990-2000 MFL/BSL TRACTS REST OF THE CITY SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
RESIDENTIAL PROPERTY VALUE INCREASES BASED ON PROXIMITY TO SEPTA TRANSIT 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. $20.0B RESIDENTIAL PROPERTY VALUE SUPPORTED BY SEPTA $17.5B $17.5B $15.2B $15.0B $12.5B BUCKS PRE-ACT 89 $10.0B CHESTER POST-ACT 89 $7.5B DELAWARE PHILADELPHIA $5.0B MONTGOMERY $2.5B 0.0 $ in Billions 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 . IMPACT OF HIGH QUALITY TRANSIT $870 From Transit’s Added Value HOUSING Premium $1,670 From Fewer Vehicles Car Ownership $530 TRANSPORTATION From Less Fuel Usage Car Driving $500 From More Transit Use Public Transit Average Savings $830 MORE AFFORDABLE Per Household SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
NOT POSSIBLE WITHOUT TRANSIT - SPACE IS LIMITED BY BUS BY CAR BY SCHUYLKILL CENTER CITY DRIVERLESS CAR EXPRESSWAY SOURCE: JARRETT WALKER + ASSOCIATES SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
ACT 89 Capital Impact $775M 5,420 $302M +70% IMPACT JOBS EARNINGS POST-ACT 89 NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
ACT 89 Capital Impact +71% $725M 5,130 $287M IMPACT POST-ACT 89 JOBS EARNINGS F I V E C O U N T I E S NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
ACT 89 Capital Impact $82M 560 $31M B U C K S POST-ACT 89 JOBS EARNINGS NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
ACT 89 Capital Impact $78M 530 $30M CHESTER POST-ACT 89 JOBS EARNINGS NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
ACT 89 Capital Impact $154M 1,140 $64M D E L A W A R E POST-ACT 89 JOBS EARNINGS NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
ACT 89 Capital Impact $145M 1,000 $56M M O N T G O M E POST-ACT 89 JOBS EARNINGS R Y NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
ACT 89 Capital Impact $265M 1,900 $107M POST-ACT 89 JOBS EARNINGS P H I L A D E L P H I A SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
SEPTA Economic Impact $3.05B AVERAGE ANNUAL POST-ACT 89 23,370 P E N N S Y L V A N I A JOBS $1.72B EARNINGS NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
SEPTA Economic Impact $2.93B AVERAGE ANNUAL POST-ACT 89 22,590 JOBS 5 - C O U N T Y $1.67B EARNINGS NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
SEPTA Economic Impact $228M AVERAGE ANNUAL POST-ACT 89 1,650 JOBS B U C K S $95M EARNINGS LEVITTOWN STATION NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
SEPTA Economic Impact $174M AVERAGE ANNUAL POST-ACT 89 1,300 JOBS $72M CHESTER EARNINGS PAOLI STATION NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
SEPTA $434M Economic Impact AVERAGE ANNUAL POST-ACT 89 3,240 JOBS D E L A W A R E $212M EARNINGS 69TH STREET WEST TERMINAL NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
SEPTA Economic Impact $403M AVERAGE ANNUAL POST-ACT 89 3,010 JOBS $175M M O N T G O M E R Y EARNINGS 9TH STREET STATION NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
SEPTA Economic Impact $1.69B AVERAGE ANNUAL POST-ACT 89 13,390 JOBS P H I L A D E L P H I A $1.11B EARNINGS CENTER CITY CONCOURSE IMPROVEMENT PROGRAM NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
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