Management & Operations

Cleveland RTA's economic impact to community totals $322M per year

Posted on March 14, 2019

the annual savings to passengers who choose to ride RTA rather than use their own transportation is $51.8 million.
Lavonte Perez
the annual savings to passengers who choose to ride RTA rather than use their own transportation is $51.8 million.Lavonte Perez

The Greater Cleveland Regional Transit Authority's (RTA) overall economic impact to Cuyahoga County is $322 million annually. That is one of the key findings of an economic impact study conducted by Cleveland State University's Center for Economic Development and presented by Dr. Iryna V. Lendel to RTA's Board of Trustees this week.

The number is comprised of RTA's direct spending in Cuyahoga County of $182 million, with $35 million added as a result of local businesses selling goods and services to RTA. An additional $104.6 million is a function of goods and services purchased by RTA and supplier employees residing in the county, Dr. Lendel said.

The study reviewed 2017 operations and capital spending. All monetary values are presented in 2019 millions of dollars.

"Importantly, the study found that transit's impact on local employment totaled $485.8 million, measured in annual earnings brought home by those who depend on RTA transit services to get to work," said Flounsay Caver, RTA's interim CEO/GM.

And, in terms of people who rely on RTA to get to healthcare appointments, the numbers are equally important.

"The study found that daily more than 3,000 Greater Clevelanders are dependent on RTA to access health care. Without RTA, appointments would be cancelled or missed, resulting in a direct loss to the local healthcare industry of $103 million and an immeasurable impact to the health and well-being of those needing care," Caver said.

Additionally, the study found that RTA's economic impact on Cuyahoga County property values is $2.2 billion in 2019 dollars, while the annual savings to passengers who choose to ride RTA rather than use their own transportation is $51.8 million.

Other highlights indicate that RTA services contributed to:

  • Improved transit access in urban neighborhoods
  • A drop in poverty by nearly 12.3%
  • Employment growth of more than 3%.
  • Nearly 3,000 jobs either created or sustained in Cuyahoga County.
  • The saving of $28.7 million a year to the Cleveland Metropolitan School District, which uses RTA instead of local school buses to transport students to class.
View comments or post a comment on this story. (0 Comments)

More News

FTA awards $5M in Tribal Transit Program funds

The Fiscal Year 2019 grants will support 39 projects in 20 states

FTA initiative will make $11M available for mobility innovation

The goal of the new service models is to encourage travelers to choose transit.

Latinos in Transit names new president, board officers

Alva Carrasco, who serves as transit and rail market lead, zero emissions bus for Northern California, at WSP USA will take on the role of president.

Q'STRAINT's Fears announces retirement

The company’s midwest regional sales manager, who served 35 years in the transportation safety industry, helped industries address their transportation safety equipment needs.

C-TRAN appoints new deputy CEO

Monica C. Fowler will also serve as the agency’s treasurer, with oversight of budget, finance, accounting, grants, and procurement

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation