Research Report – Measuring the Economic Benefits of Rural and Small Urban Transit Service in Greater Minnesota
Public transit systems serving rural areas across Greater Minnesota will now be able to measure and demonstrate their value in actual dollars, thanks to new research conducted by SURCOM for the Minnesota Department of Transportation. This research identified and described the different types of benefits and impacts that these transit services provide and developed a method for calculating the benefits. In every case study reviewed, SURCOM researchers discovered that the benefits of public transit outweighed the cost of providing the service, with a cost-benefit ratio ranging from 1.5 to 4.2, indicating that for every $1 spent on public transit, the return to the community served is at least $1.50, and in some cases as much as $4.20. With hard evidence of their value in hand, these public transit agencies will be better-equipped to compete for and secure much-needed funding at the city and county levels. While the research was conducted specifically of transit systems in Minnesota, the results should also be useful for other rural and small urban transit providers across the country.
The full report, a series of summary documents, and a spreadsheet user tool can be found on the project web page at the link shown below.
For more information, contact Jeremy Mattson at email@example.com.