Many people view public transit as simply a way to get from point A to point B, but accessible, affordable and sustainable transportation options such as transit are crucial to our economic wellbeing by supporting businesses and the overall economy.
In fact, according to the American Public Transportation Association, for every dollar invested in public transportation, there is a $5 economic return and for every $1 billion that is invested, nearly 50,000 jobs are created.
Here’s how public transportation creates vibrant communities that attract more economic investment leading to growth and job creation:
- Public transit expands a business’s customer base by reaching those who may not have access to a vehicle.
- Through public transit, businesses can increase the pool of potential employees. In fact, a recent study found that 80% of RTC customers use transit to get to and from work.
- Public transportation creates jobs with positions in operation, maintenance, planning, security, and much more.
- Bus stops and transit stations increase foot traffic around businesses. Additionally, well designed transit systems that encourage more walkable urban development can create more vibrant neighborhoods that support local businesses.
- The affordability of public transportation frees up money that can be spent on goods and services.
- Public transit and transportation infrastructure can attract future investment. When companies consider relocation, public transit and the quality of a community’s transportation infrastructure are important factors in making that decision.
- Public transit takes vehicles off the road which allows for goods to move more efficiently, which in turn makes Southern Nevada more competitive on a regional level.
- In a 2022 study, Las Vegas was named as the 22rd most congested city in the country. Congestion costs each Las Vegas driver 41 hours, and more than $689, every year. Public transit directly addresses this by taking vehicles off the road.
- Not only does public transportation benefit our local businesses and economy, but it also reduces our carbon footprint contributing to a healthier environment and quality of life.
While these benefits may not be evident to all, especially those who do not use public transit, they are significant for our entire community. Visit the RTC website to learn more about our many services that support the Southern Nevada.
Here are a few local businesses that have partnered with the RTC this year:
