Darren Flusche, Policy Analyst
- Source: Economic Benefits of Bicycle Infrastructure Report (PDF)
- Source: Final Econonic Report : Update (PDF)
Today the national bicycling industry contributes an estimated $133 billion a year to the U.S. economy. It supports nearly 1.1 million jobs and generates $17.7 billion in federal, state, and local taxes. Another %640 billion is spent on meals, transportation, lodging, gifts and entertainment during bike trips and tours.
This article highlights the impact the bicycle industry and bicycle tourism can have on state and local economies, describes the need for bicycle facilities, discusses the cost effectiveness of investments, points out the benefits of bike facilities for business districts and neighborhoods, and identifies the cost savings associated with a mode shift from car to bicycle. The evidence demonstrates that investments in bicycle infrastructure make good economic sense as a cost effective way to enhance shopping districts and communities, generate tourism and support business.