2019 ECONOMIC IMPACT REPORT
Photo By: Bill Monaghan
ECONOMY 2019 ECONOMIC IMPACT REPORT Photo By: Bill Monaghan - - PowerPoint PPT Presentation
DRIVES THE ECONOMY 2019 ECONOMIC IMPACT REPORT Photo By: Bill Monaghan 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
2019 ECONOMIC IMPACT REPORT
Photo By: Bill Monaghan
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
density is not possible without transit to efficiently move people throughout the region.
41/32/5
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
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
STATE POPULATION GROWTH
POPULATION GROWTH
2010 - 2017
20,000 40,000 60,000 80,000 100,000 120,000
BUCKS
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
+4,726 +2,910 +19,373 +25,094 +52,592
PHILADELPHIA
FIVE COUNTIES STATEWIDE
REST OF STATE
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
STATE POPULATION GROWTH
POPULATION GROWTH
2010 - 2017
20,000 40,000 60,000 80,000 100,000 120,000
BUCKS
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
+4,726 +2,910 +19,373 +25,094 +52,592
PHILADELPHIA
FIVE COUNTIES STATEWIDE
REST OF STATE
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
STATE POPULATION GROWTH
POPULATION GROWTH
2010 - 2017
20,000 40,000 60,000 80,000 100,000 120,000
+104,695
BUCKS
D E L A W A R E MONTGOMERY C H E S T E R
+4,726 +2,910 +52,103 +19,373 +25,094 +52,592
PHILADELPHIA
FIVE COUNTIES
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
STATE POPULATION GROWTH
POPULATION GROWTH
2010 - 2017
+94,474
20,000 40,000 60,000 80,000 100,000 120,000
+104,695
FIVE COUNTIES STATEWIDE
REST OF STATE
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
CITY POPULATION GROWTH
CITY OVERALL REST OF THE CITY MFL/BSL TRACTS
3 6 9 12
2010-2017 2000-2010 1990-2000 1980-1990 1970-1980
3.4%
6% 9.8%
1.5% 1%
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
CITY POPULATION GROWTH
REST OF THE CITY MFL/BSL TRACTS
20,000 40,000 60,000
2010-2017 2000-2010 1990-2000 1980-1990
32,045 20,547
52,592
21,198
8,459
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
RESIDENTIAL PROPERTY VALUE INCREASES BASED ON PROXIMITY TO SEPTA TRANSIT
RESIDENTIAL PROPERTY VALUE SUPPORTED BY SEPTA
$ in Billions
PRE-ACT 89 POST-ACT 89
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.
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
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
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
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
POST-ACT 89
JOBS
EARNINGS
IMPACT
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
ACT 89
Capital Impact
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
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
ACT 89
Capital Impact
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
POST-ACT 89
JOBS
EARNINGS
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
B U C K S
ACT 89
Capital Impact
NOTE: CAPITAL IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
POST-ACT 89
JOBS
EARNINGS
CHESTER
ACT 89
Capital Impact
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
POST-ACT 89
JOBS
EARNINGS
ACT 89
Capital Impact
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
POST-ACT 89
JOBS
EARNINGS
ACT 89
Capital Impact
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
POST-ACT 89
JOBS
EARNINGS
ACT 89
Capital Impact
P E N N S Y L V A N I A
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
SEPTA
Economic Impact
5
O U N T Y
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
SEPTA
Economic Impact
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
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
SEPTA
Economic Impact
PAOLI STATION
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
CHESTER
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
SEPTA
Economic Impact
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
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
SEPTA
Economic Impact
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
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
SEPTA
Economic Impact
CENTER CITY CONCOURSE IMPROVEMENT PROGRAM
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
NOTE: ECONOMIC IMPACT NUMBERS REPRESENT FY2015 - FY2017 (IN $2017) AVERAGE ANNUAL
P H I L A D E L P H I A
POST-ACT 89
JOBS
EARNINGS
AVERAGE ANNUAL
SEPTA
Economic Impact
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
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 | 2019 ECONOMIC IMPACT REPORT
FINISHED PROJECT HIGHLIGHTS - CITY UNDER CONSTRUCTION
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
SEPTA DRIVES THE ECONOMY OF PENNSYLVANIA | 2019 ECONOMIC IMPACT REPORT
CATALYTIC IMPACT
King of Prussia Rail Project
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