Selected Data and Tools for Economic Impact Analysis

The Scorecard

The Scorecard below shows data and tools (vertical axis) that can be used to measure indicators of economic impact (horizontal axis) for transportation projects.

Each cell shows how well a category of tools applies to an indicator type. Click on a cell on each axis to expand it and display examples within each category. See the The Scorecard Guide for more information.

Tool Types:
All Types | Primary Data | Purpose - Focused | Traffic Engineering and Performance Based | Travel Demand | Regional Economic Activity | Community of Practice

Analysis Types:
All Types | Geography | System Performance | Benefit-Cost and Cost Effectiveness | Regional Economic Development | Livability

 
    Geography System Performance Benefit-Cost and Cost Effectiveness Regional Economic Development Livability
Decision Support Information and Tools Examples County or Higher Local- Census Place GIS - Block, Parcel System Performance and Condition Network Utility / Connectivity Operational Effects (Financial) Travel Time Benefits - Passenger Travel Time Benefits - Freight Household Costs Business Costs Safety (Accidents, Injuries) Equity Impacts Employment Accessibility Fiscal Impact Short Term Employment Impacts Employment Shifts Induced Impacts & Second Order Effects Value Capture/Creation & Property Values Environmental Benefits Land Consumption/ Resource Use Intensity Health Benefits Walkability and Pedestrian Friendliness
Primary Data Household Financial Information (Foreclosures, etc.) 2 2 2           2 1   2   2       2   2   1
Parcel Development Data/Property Taxes 2 2 2     2     2 2   2   2       2   2   2
Regional Economic Accounts 2 2       2     2 2   2 2 2 2 2 2 2 2      
American Business Directory 2 2 1     2       2     1 2   2 2 2   2   1
Geographic Data (TIGER and other Geographic Data) 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Purpose - Focused CTPP (Census Tranportation Planning Products) Data 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Environmental Studies (EIS, Air SIP) 2 2     2             2             2 2 2 2
American Community Survey/Household Surveys 2 2   2 2 2 2 2       2 2   2 1 1 2 2 2 2 2
H+T Affordability Index 2 2 2   2 1 2 2 2     2 2 2       2       2
Transit Oriented Database 2 2 2     1 1   2     2 2 2 2 1   2   2   2
Washington State Freight Aggregated GPS Data 2 2 1 2 2 1   2   2 1               1   1  
Traffic Engineering and Performance Based Traffic Analysis Tools (Highway Capacity Manual Based) 2 2   2 1 2 2 2     1               2 1   1
Surface Transportation Efficiency Analysis Model (STEAM) 2 2   2 1 2 2 2 1 1 1     2         2      
Highway Economics Requirements Systems - State (HERS-ST) 2 2   2 2 2 2 2 1 1 1     2         2      
Intelligent Transportation Systems 2 2   2 2 2 2 2 1 1 2 1             2     1
Travel Demand Aggregate Rail Ridership Forecasting Model (ARRF) 2       2 1 2 2     1 1   1         2      
Four-Step Travel Demand (3-Step Non-Modal) 2 2   2 2 1 2 2 2 2 1 1 1           2      
Activity Based Travel Demand 2 2 1 2 2 2 2 2 2 2 2 2 2 2     1 2 2 1   2
Integrated Transportation & Land Use (SWIM2-Oregon) 2 2 1 2 2 2 2 2 2 2 2 2 2 2 1 1 1 2 2 2 1 2
Regional Economic Activity BEA RIMS II 2 2                     1 1 2 1 1          
IMPLAN 2 2                     2 1 2 2 1          
REMI PolicyInsight/TranSight 2 1     2 2 2 2 1 2 1 2 1 2 2 1 2 1        
TREDIS (IMPLAN/Alternates) 2 2   2 2 2 2 2 1 2 2 2 2 2 2 1 2 1 2 1   1
Community of Practice AASHTO-AMPO State Performance Measures 2 2   2 2 1         2     2               1
Highway Performance Monitoring System (HPMS) & Related 2 2   2 2 1 2 2     2     2 2   1   2      
SHRP2-TPICS Audited Highway Projects 2 1   2 2 1 2 2 1 2 1 1 2 1 1 1 1 1 2 1   1
Combined Analytical and Expert Panel Forecasting 2 2 1                   2 2 1 2 2 1 2 2    

Glossary

Decision Support Information and Tools

Primary Data

Definition: Data and information without interpretation applied to it.
Additional Examples:
1. Demographic, economic and employment surveys and analysis of the Bureau of the Census, Bureau of Economic Analysis, and Bureau of Labor Statistics;
2. Financial and related data including bankruptcy information and employment and property tax information at state and local levels;
3. National transportation databases on accident and injury, freight shipments, auto ownership, and other transport issues; and
4. State, regional, and local plans for economic development, land use, and transportation.

Purpose-Focused

Definition: Data and modeled results that focus on specific transportation questions.
Additional Examples:
Demographic, environmental, and economic information from:
Various household surveys; NEPA social and economic analyses; State and MPO air quality modeling, long range and special plans; state, county, and local economic development and land use forecasts; aggregated GPS data; geographic data; and connectivity and accessibility indices.

Traffic Engineering and Performance Based

Definition: Models and capacity manual tools in use in transportation agencies are included in these approaches.

Travel Demand

Definition: Includes models and tools that project or measure travel and its causes and effects.
Additional Examples:
1. Urban and rural highway demand for freight and passenger travel;
2. Travel related benefits such as time savings and reliability.
3. Urban and intercity transit ridership;
4. Land use and development;
5. Activity based travel demand;
6. Integrated land use and transportation (also economic) demand; and

Regional Economic Activity

Definition: Analytical tools used to predict the regional economic impacts of transportation investments including changes in:
1. Employment, industry activity, and economic demand;
2. Fiscal impacts such as property values;
3. Household and business costs and affordability; and
4. Livability impacts such as environment and health, land consumption, and walkability.

Community of Practice

Definition: Tools that derive from real-world experience and implementation.
Additional Examples:
Market analysis, collections of project evaluations and tools to organize data from such evaluations, and analysis of effect of transportation design standards on project performance.

Geography

Definition: Level of detail of area covered by tool or data.

System Performance

Definition: Measures of efficiency and effectiveness of a project’s impact on the transportation network.

Benefit-Cost and Cost Effectiveness

Definition: Measures of whether a transportation project is economical in terms of the value received as compared to outlay or impact.

Regional Economic Development

Definition: Measures of transportation project’s impact on the economy of the surrounding area.

Livability

Definition: Measures of quality of life impacts of transportation project.

County or Higher

Definition: Disaggregates data to the county, state, or national level.

Local- Census Place

Definition: Disaggregates data to smaller than the county level—to incorporated areas including cities, towns, and villages.

GIS - Block, Parcel

Definition: Can be used as part of a geographic information system, or disaggregates data to a sub-city level.

System Performance and Condition

Definition: Efficiency, effectiveness of transportation network or state of good repair.

Network Utility

Definition: The transportation network’s usefulness.

Operational Effects (Financial)

Definition: System’s operational costs.

Travel Time Benefits – Passenger

Definition: Time spent traveling by drivers and passengers.

Travel Time Benefits – Freight

Definition: Cargo’s time spent in transport.

Household Costs

Definition: Personal expenses.

Business Costs

Definition: Business expenses.

Safety (Accidents, Injuries)

Definition: Number or rate of accident and injuries.

Equity Impacts

Definition: Economic justice or relative financial well-being.

Employment Accessibility

Definition: Time spent to travel to jobs.

Fiscal Impact

Definition: Effect on budget of transportation agency or of area served by the transportation investment. Also includes loss of displaced residents or businesses and the impact on a community not receiving a transportation improvement whose residences or businesses relocate to the new site.

Short Term Employment Impacts

Definition: Jobs created in the construction phase or other temporary period.

Employment Shifts

Definition: Jobs in the region over the longer term, such as by an employer expanding in the region.

Induced Impacts & Second Order Effects

Definition: Jobs created as a result of additional spending by people or firms that receive direct economic benefits from a project.

Value Capture/Creation & Property Values

Definition: Market price of property in the region or other measure of value capture.

Environmental Benefits

Definition: Healthfulness of air, water, and land.

Land Consumption/ Resource Use Intensity

Definition: Quantity and form of land and resource consumption.

Health Benefits

Definition: Inducing or preventing well being and disease.

Walkability and Pedestrian Friendliness

Definition: Supportiveness and safety for walking.