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

Status:  Complete
Report 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.

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