The MTA's capital investments support New York's economy in two important ways. First, they maintain and expand the safe and reliable transportation system that fuels the downstate region's $1.26 trillion economy, second in the world only to Tokyo. At the same time, the Capital Program itself creates jobs and economic growth by providing work for vendors and manufacturing plants within the state. This in turn brings back work to New York from other transit systems around the country.
The 2010 – 2014 MTA Capital Program is expected to create 350,000 jobs and have an overall economic impact of $44 billion in New York State. According to the New York Building Congress, this includes 25% of the New York City construction industry, but the impact is felt at manufacturers and suppliers from Oriskany to Hornell, Yonkers to Plattsburgh.
The chart at the right illustrates the $41 billion the previous capital program brought to New York State.
Read more about the economic benefits of MTA Capital Programs in Built in New York.
Did You Know?Each five-year capital program directly delivers 18,000 construction jobs annually.