City of Philadelphia
In Fiscal Year 2019, SEPTA’s 2,800 trains, buses, trolleys and paratransit vehicles provided 1.0 million trips across the region to work, school, appointments and entertainment. This transit service is the lifeblood of the regional economy. As one of the area’s largest employers, SEPTA also supports the economy as a jobs provider and purchaser of goods and services to keep the system running. In the City of Philadelphia, the total value of this economic activity averages $1.84 billion per year, supporting 14,500 jobs, $1.18 billion in worker earnings, and associated tax revenues.
Act 89 – Capital Impact
Now six years into a “Rebuilding the System” program, SEPTA’s Act 89-funded capital investment program is having a substantial impact on the regional economy, up 119 percent compared with pre-Act 89 levels. In the City of Philadelphia, the total value of this economic activity averages $376 million per year, supporting 2,570 jobs, $149 million in worker earnings, and associated tax revenues.
Note: CAPITAL impact numbers represent FY2015 – FY2019 (IN $2019) AVERAGE ANNUAL
Catalyzing Economic Growth Now
Southeastern PA led the state’s POPULATION GROWTH between 2010 and 2019, one-third of which occurred along the Market-Frankford (MFL) and Broad Street (BSL) Lines.
SEPTA HELPS SHAPE
In Center City Philadelphia, between 2010 and 2019, more than 4,000 public parking spaces were eliminated. New skyscrapers have been built with no parking. As employers return to office building and congestion resumes 62% OF WORK TRIPS TAKEN ON TRANSIT are projected to return.
Catalyzing Economic Growth For Philadelphia’s Future
The City of Philadelphia’s accelerating growth has been built and will continue to depend on access to SEPTA’s expansive rail network. The 30th Street District Plan, for example, calls for millions of square feet of new transit-oriented development housing tens of thousands of new workers and residents. SEPTA’s service at 30th Street Station – including 13 Regional Rail lines, the Market-Frankford Line, five trolley lines, and nine bus routes – will be the workhorse that allows this vision to achieve its full potential.
Preserving Affordability In A Growing City
Transit reduces household expenses. In the City of Philadelphia, THE AVERAGE HOUSEHOLD SAVES $830 PER YEAR, a net financial benefit associated with proximity to high-quality transit. These annual household savings add up to $481M CITYWIDE.