Stimulating Jobs and Economy

supporting-jobs

PPTA projects can pump billions of dollars into local and state economies, and support thousands of jobs. Here is a quick list of job-related and economic benefits:

Short-term economic benefits:

  • Jobs in construction, sales and support, and facility operations
  • Additional retail sales for local and regional businesses

Long-term economic benefits:

  • Facility operation and maintenance jobs
  • Indirect jobs and business activity
  • Cost savings for households and businesses:
    • Reduced travel delay & expenses
    • Enhanced safety and reliability
    • Improved transportation capacity and connectivity
    • Tax revenue from increased business

Opportunities for Virginia’s DBE/SWAM Businesses

Some of the major economic benefits of large scale projects delivered through the Public-Private Transportation Act (PPTA) are the opportunities they provide for Virginia’s Disadvantaged Business Enterprises (DBE) and Small, Women and Minority-Owned businesses (SWaM). Virginia P3 projects are supporting tens of thousands of jobs and have awarded over a billion dollars in contracts to DBE and SWaM companies. In fact, the Capital Beltway Express Lanes project awarded over $545 million to DBE and SWaM businesses, the largest single project contribution in Virginia’s history.

View the Business Impact Fact Sheet >

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Economic impact of construction spending
I-495 Express Lanes – 2008-2013


Fairfax County

Total Output: $2.33 Billion
Personal Earnings: $452 Million
Jobs Supported: 13, 279


Washington Area

Total Output: $2.67 Billion
Personal Earnings: $821 Millioin
Jobs Supported: 31, 844


Virginia

Total Output: $3.46 Billion
Personal Earnings: $934 Million
Jobs Supported: 29,210