Local Economic Benefits

Local Economic Benefits

Los Angeles 

• The California HSR project will infuse an additional 2%-4% into the Los Angeles region’s economic growth annually
• Create 54,800 jobs by 2020; 96,300 jobs by 2035
• Provide an annual increase in household incomes of more than $800 per family of four 
• Reduce unemployment by 1%-2%
• Add $348 million per year to Los Angeles County tax revenues by 2020

Orange County 

• Create 54,800 jobs by 2020; 96,300 jobs by 2035
• Provide an annual increase in household incomes of more than $800 per family of four
• Reduce unemployment by 1%-2%

Inland Empire 

• Increase wage and salary earnings by $711.9 million annually
• Generate an additional $101.6 million in indirect business taxes going to local area cities annually
• Create 19,200 jobs by 2030, mostly in the transportation, communication, utilities and manufacturing sectors

Sources:

Unlocking the Gridlock in Los Angeles County’s Transportation System: The Local Economic Benefits of High-Speed Rail, The Economic Impact of High-Speed Trains for Orange County, California High-Speed Train System’s Impact on the Inland Empire, 2030