Measuring the Economic Benefits of Rural and Small Urban Transit Service in Greater Minnesota Status: CompleteReport Date: 04/14/2020 Summary: 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. Final Deliverables: Measuring the Economic Benefits of Rural and Small Urban Transit Services in Greater Minnesota (Report #2020-10) Spreadsheet Tool for Measuring the Economic Benefits of Rural and Small Urban Transit Services in Greater Minnesota (Spreadsheet #2020-10S) Executive Summary (Other #2020-10E) Measuring the Economic Benefits of Rural and Small Urban Transit Services in Greater Minnesota (Research Summary) Related Materials: Summary: Summary of Statewide Societal Benefits (Brochure/Handout) Summary: Health Benefits (Brochure/Handout) Summary: Societal Benefits for Multi-County Systems near the Twin Cities Metro Area (Brochure/Handout) Summary: Economic Impacts to Local Economies (Brochure/Handout) Summary: Equity Benefits (Brochure/Handout) Summary: Societal Benefits for the Regional Transit Systems (Brochure/Handout) Summary: Societal Benefits for Very Rural Transit Systems (Brochure/Handout) Summary: Societal Benefits for Small Transit Systems (Brochure/Handout) Summary: Societal Benefits of Community Transit (Brochure/Handout) Summary: Benefits of Work Trips (Brochure/Handout) Related Research:
