Measuring the Economic Benefits of Rural and Small Urban Transit Service in Greater Minnesota

Monday, July 20, 2020 - 13:45

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 that resulted in a method for calculating the benefits these transit services provide. In every case study they reviewed, researchers discovered that the benefits of public transit outweighed the cost to the community, with a cost-benefit ratio ranging from 1.5 to 4.2 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. This report and supporting documents are available from Minnesota DOT's web site at https://researchprojects.dot.state.mn.us/projectpages/pages/projectDetails.jsf?id=19983&type=CONTRACT&jftfdi=&jffi=projectDetails%3Fid%3D19983%26type%3DCONTRACT