DART provided economic boost during the recession

Posted on Feb 5, 2014 by thudsondd
DART contributed billions to the local economy through economic activity and labor income during the recession, a study from the Center for Economic Development and Research at the University of North Texas found. The study, which focused on the economic and fiscal impacts of the DART Rail expansion between 2003 and 2013, also highlighted DART's spending during the 2008 and 2009 fiscal years when the United States was going through a recession. Much of the spending during that time focused on construction of the Green Line, which opened its first phase in September 2009. During the two years analyzed, DART generated nearly $3.9 billion in economic activity that supported an average of 15,700 jobs each year. Those jobs contributed to the local economy through wages paid and indirectly through state and local business taxes. DART also benefited by having "shovel-ready" projects that were able to receive funding though the American Recovery and Reinvestment Act of 2009 and Federal Transit Administration grants. "Even through difficult economic times, DART has demonstrated its ability to boost the North Texas economy through its capital spending, daily operations, and attracting private investment," said Terry L. Clower, Ph.D., director of the Center for Economic Development and Research at the University of North Texas.
Categories :
Load more comments
Thank you for the comment! Your comment must be approved first