ESI Principal Richard Voith was published in the Journal of Housing Economics examining the property value impacts of affordable housing developments financed by Low-Income Housing Tax Credits - Learn More

NJ Transit Capital Plan Economic Impact

In 2020, ESI collaborated with the Center for Advanced Infrastructure and Transportation (CAIT) at Rutgers University to evaluate the economic impact of New Jersey Transit’s 5-Year Capital Plan. NJ Transit proposed its first 5-year needs-based Capital Plan in 2020, identifying the investments needed to meet organizational goals and deliver top quality transit service. This multi-billion dollar program would generate significant direct and spillover impacts within the New Jersey economy creating jobs and economic activity throughout the state.

ESI and CAIT assessed the direct and spillover impact of more than 100 projects included in the program within the New Jersey economy. These projects spanned a variety of types, including the construction of new stations or station upgrades, fleet procurement, rail improvements, power distribution or substation upgrades, Bus Rapid Transit (BRT) systems, and other infrastructure improvements like bridge upgrades. Direct and spillover economic impact and employment estimates were presented by project type and by timing.

For more information, please click here.

Key Technical Applications

  • Economic Impact Analysis
  • Catalytic Impact Analysis

Downloadable Version

More Case Studies

Share This