Saturday, August 22, 2009
 

Economic benefits of bicycle infrastructure

In June the League of American Bicyclists released a report on the many benefits of investing in bicycle infrastructure, The Economic Benefits of Bicycle Infrastructure Investments. Here are some highlights from the report as summarized by EcoVelo:
  • The bicycling industry contributes $133 billion a year to the U.S. economy.
  • The bicycling industry supports 1.1 million jobs and generates $17.7 billion in federal, state, and local taxes.
  • $46.9 billion is spent annually during bike trips and tours.
  • In urban areas bike lanes can accommodate 7 to 12 times as many people per meter of lane per hour than car lanes.
  • Researcher Todd Litman of the Victoria Transport Policy Institute estimates that replacing a car trip with a bike trip saves individuals and society $2.73 per mile.

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