Cyclonomics: The Economic Benefits of CyclingSince the impact of bike lanes on businesses has emerged as a peripheral issue in the New York City mayoral race, as well as one City Council contest (and counting), a post today from the Bicycle Coalition of Greater Philadelphia seems especially timely.
The coalition points to a June League of American Bicyclists report that heralds cycling as a $133 billion industry, putting some 1.1 million Americans to work and contributing $17.7 billion in federal, state and local taxes annually, in addition to the $46.9 billion cyclists spend on bike tourism:
The report is brief but it does a great job pointing to the economic/health benefits of bicycling while dispelling myths commonly used to oppose bicycle infrastructure investments. For example a study of bike lanes on Bloor St. in Toronto concluded that the addition of bike lanes would be unlikely to harm local business and predicted that commercial activity on the street would likely increase. Three-quarters of merchants surveyed on the street believed that business activity would improve or stay the same if a bike lane replaced half of the on-street parking.
You can find the LAB report, with plenty of U.S. success stories, here. If there is a downside to this bit of positive economic news, it could be that in one of America's most hospitable cycling towns -- Portland, Oregon -- would-be pedalers may have a tough time finding an affordable starter ride. Cash for beater bikes, anyone?
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Posted 3 years ago #
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