Report: Boost to California Localities from SB 1 Investment

Boost to California Localities from SB 1 Investment
06
Aug

Report: Boost to California Localities from SB 1 Investment

A series of six new reports find that California’s Senate Bill 1 will generate between $9.7 billion and $34.5 billion in economic activity and user benefits in California’s major regions over the next decade. The additional demand, in turn, will support or create tens of thousands of jobs throughout the state—with over half coming in sectors outside of the construction industry.

The extensive analyses, conducted by American Road & Transportation Builders Association (ARTBA) Chief Economist Dr. Alison Premo Black, examine the numerous impacts of SB 1 — the Road Repair and Accountability Act of 2017 — on each of the six major regions in California. The measure included $5 billion annually in new investment for the state’s highways and local streets, bridges and transit systems.

The reports quantify the direct and indirect economic impacts, safety benefits, lower operating costs, reduced congestion, modernized equipment and increased mobility that will result over the 10 years from increased investment in SB 1 in each of the regions.

Among the key findings related to Southern California:

In Los Angeles County, SB 1 will generate $29.2 billion in economic activity and user benefits over 10 years. This includes $6.8 billion in savings for drivers, transit riders and businesses, and $18.0 billion in economic output. In addition, the increased investment will create or support over 9,000 jobs per year, totaling 90,161 job-years over 10 years; these workers will earn $4.3 billion.

In the Inland Empire, SB 1 will generate $15.6 billion in economic activity and user benefits over 10 years, including $3.3 billion in savings for drivers, transit riders and businesses, and $9.9 billion in economic output. The increased investment will create or support over 4,900 jobs per year, or 49,598 job-years over 10 years; these workers will earn $2.5 billion.

In San Diego and Imperial Counties, SB 1 will generate $13.8 billion in economic activity and user benefits over 10 years. This includes $3.4 billion in savings for drivers, transit riders and businesses, as well as $8.1 billion in economic output. The increased investment will create or support nearly 5,000 jobs annually, which totals 49,455 job-years over the next decade; with workers expected to earn $2.3 billion.

In Orange County, SB 1 will generate $9.7 billion in economic activity and user benefits over 10 years. This includes $2.3 billion in savings for drivers, transit riders and businesses, and $6 billion in economic output. The increased investment will create or support over 2,700 jobs per year, totaling 27,537 job-years over 10 years; these workers will earn $1.4 billion.

These regional reports build upon a statewide analysis of the impacts of SB 1, released by ARTBA in February. That report found that SB 1 will generate nearly $183 billion in economic activity and user benefits throughout all sectors of the state’s economy over 10 years. The additional demand, in turn, will support or create an average of over 68,200 jobs per year, adding up to over 682,000 job-years over the next decade.

Southern California Partnership for Jobs supports infrastructure investment. We advocated for the passage of SB 1, a new transportation funding source that is becoming ever more critical for California. We oppose any efforts to repeal SB 1 that would rob our communities of vital road safety and transportation improvement funds.

No on Prop 6: Stop the Attack on Bridge and Road Safety.

Source: Construction Equipment Guide

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