Investigation of Economic Impacts of Florida’s Highway Beautification Program

In Florida, the state legislature allocates funds for highway landscaping projects each year. While highway beautification may enhance the driving experience of motorists and result in more environmentally sustainable road infrastructure, it is also presumed to provide monetary benefits by attracting private investment and contributing to the economy, both directly and indirectly. This study was commissioned by the Florida Department of Transportation (FDOT) to estimate the regional economic impacts of highway beautification expenditures within the State. Activities related to highway beautification generate economic impacts in the form of increased industry output (revenues), employment, income, and local and state government tax revenues. The results showed that total expenditures for highway beautification by the FDOT in all eight districts from 2008 to 2013, generated 2,112 full-time and part-time job-years, $245.2 million in output or revenue impacts, $147.6 million in value added contribution to GDP, $110 million in labor income impacts, $32.6 million in other property income impacts, and $5 million in indirect business taxes impacts. Simple annual average economic impacts of highway beautification expenditures in Florida from 2008 to 2013 amounted to $46 million in output impacts and $28 million in value-added impacts. The impact per dollar of investment was $1.53 in output, $0.92 in value added, $0.62 in labor income, and $0.03 in state and local taxes, while the employment impact was 13.2 jobs per million dollars of investment.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Edition: Final Report
  • Features: Appendices; Figures; Glossary; Tables;
  • Pagination: 44p

Subject/Index Terms

Filing Info

  • Accession Number: 01532514
  • Record Type: Publication
  • Contract Numbers: BDV31-977-03
  • Files: NTL, TRIS, ATRI, STATEDOT
  • Created Date: Jul 9 2014 2:37PM