Published on October 10th, 2012 | by Jeff McIntire-Strasburg1
More Evidence on the Growth of the Bicycle Economy
A number of reports over the last few years have illustrated the economic benefits of building bicycling infrastructure: from job creation to reductions in health care spending, investment in bike lanes and paths (as well as walking infrastructure) pays off. Now the League of American Bicyclists has updated its 2009 study The Economic Benefits of Bicycle Infrastructure Investments, and the news continues to impress. Bicycle manufacturing, infrastructure development, and bike-focused tourism are still strong bets in an economy still struggling to grow. Nearby bicycling facilities even improve home values.
The update is a quick 28-page read, but if you just want a quick overview of some of the developments contributing to the growth of the bicycle economy, take a look at this graphic created by the League (click on it for a larger version):
Impressive, huh? And we still haven’t added in the health/wellness benefits created by such development. If you’ve seen how a commitment to bicycling can positively impact a community’s broad health, share your stories with us.