Press Releases

JTA Adds Billions to Local Economy, Study Shows

The Jacksonville Transportation Authority today released an economic impact study by the University of North Florida’s Center for Economic and GIS Research that found that public transportation and highway and bridge construction projects during the past decade pumped several billion dollars into the local economy.

The findings also highlight the importance of public transportation in Jacksonville and illustrate the far-reaching economic impact JTA has on Duval County residents and businesses.

The UNF study evaluated JTA’s impact by estimating the economic impacts of its operations and spending over a 10-year period (2002-2011). Additionally, the study analyzed the mobility, travel improvement, and economic benefits of JTA public transportation in Jacksonville beyond the economic impact of its operating and capital expenditures. Finally, the report estimated the future economic impacts associated with the planned roadway expansion project at the I-95/JTB/US 1 interchange.

“Overall, the findings of the report are very positive for our community,” said Ed Burr, Chairman of JTA’s Board of Directors. “Even through the economic downturn, JTA has sustained a high level of economic activity and has helped support businesses and workers locally. I am very pleased that JTA has significantly contributed to the health of the Jacksonville economy while at the same time providing better roadways and more access to transportation options.”

UNF researchers found that between 2002-2011 JTA spending and operations supported more than 3,000 jobs per year, adding more than $1 billion in wages and labor income and more than $2 billion in sales and gross revenue for business in Duval County.

“The results of the UNF study make it apparent that the investment made by Jacksonville residents is paying off,” said Michael J. Blaylock, Executive Director and CEO of JTA. “The study shows that every dollar invested by Duval County residents in taxes pays for itself at least three times over, in the form of more income, jobs and revenues.”

Additional key findings of the study:

  • Public transit reduces the amount of cars on the road, lessening wear and tear on highways, and positively affecting traffic and road congestion. This accounts for fuel and time savings of at least $10,500,000 annually and road maintenance cost savings equal to $679,700 annually in Duval County.
  • Jacksonville commuters who utilize public transportation save an estimated $6,483,000 annually in costs associated with using other means of travel such as private automobiles, taxis and carpooling.
  • Public transportation serves an important function in connecting workers, particularly low-income workers with jobs. If these same workers did not have transportation to and from work, lost their job and remained unemployed for one year, the economic disruption in lost wages, hiring costs and costs of unemployment would equal at least $41,693,000.
  • Continuous improvements to public transit and road infrastructure will provide important economic benefits to Jacksonville. For example, the JTB, I-95 and Phillips Highway road construction project will produce over 1,300 jobs and result in over $93 million in total value added as well as over $179 million in business sales and gross revenues over four years.

For more detailed information regarding the data outlined in the report, contact John Finotti at 904.493.5006 (office) or 904.891.3867 (mobile).

Read the report