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Economic Development Research Group Blog

TRANSIT’S ROLE IN HIGH TECH ECONOMIC DEVELOPMENT

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The advertisement of Amazon searching for a new location for its headquarters has brought to the forefront the specific search criteria that the company is using to evaluate potential locations. In response to this advertisement, the New York Times wrote an article, "Dear Amazon, We Picked Your New Headquarters for You," applying their search criteria, including economic data, to estimate which city has the highest likelihood of being selected. One specific criteria mentioned is the availability of mass transit. In their own words “An Amazon priority is mass transit, and it has asked applicants to provide their traffic congestion rankings during peak commuting hours. These remaining metro areas are among the top 15 in the country in the share of workers who commute by transit, according to the American Community Survey.” A reason for this request is likely because continued growth in technology-oriented businesses in urban locations will require increasing...
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Don't Forget It's About More Than Just Safety

On June 17th, 2013 a WSJ article entitled “Rail Safety and the Value of a Life[1]” highlighted the financial struggles that regional transit transportation authorities are facing to address safety concerns: both avoiding train crashes and improving deteriorating bridges.   A federal requirement to install anti-crash gear (Positive Train Control – PTC) for all transit systems that carry over 564 million passengers by 2015 is currently being discussed by the Senate Commerce Committee.   While there is debate over prioritizing schedules of investing in PTC versus the backlog of needed bridge renovations, it highlights the urgent need for overall additional investment in transit infrastructure

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