Hendricks County Flyer, Avon, IN

Local News

May 16, 2013

Phase one of Indy Connect would deliver 7,000 jobs

INDIANAPOLIS — The first phase of the Indy Connect plan for improved mass transit in Central Indiana would create more than 7,000 jobs paying $1.5 billion to workers in its first 10 years, according to a study commissioned by the Indianapolis Metropolitan Planning Organization.

Of the 7,182 jobs estimated to be created during the project’s development and initial years of operation, 3,809 would be construction-related jobs and 3,373 would be permanent jobs, according to the study conducted by Morris, Lloyd & Associates LLC.

Of the 3,809 construction-related jobs, 1,579 would be direct and 2,230 would be indirect. Of the 3,373 permanent jobs, 2,212 would be direct and 1,261 would be indirect.

“These job impact results are consistent with other studies, showing how transit impacts the economic development of a region,” Anna Tyszkiewicz, executive director of the Indianapolis Metropolitan Planning Organization, said in a press release.

Building and operating the first phase of the Indy Connect plan would pump $3.8 billion into the economy from 2015 to 2025. The majority of that total — $2.3 billion — would be related to permanent operations, while $1.5 billion would be related to construction of the system.

“As exciting as these numbers are, they only consider the impact of the construction and development of the system itself,” Tyszkiewicz said. “These numbers don’t include the impact of neighborhood development and other economic activity that will result from an improved transit system.”

To conduct its study, Morris, Lloyd & Associates considered the impact of the Indy Connect plan on Marion County and the eight surrounding counties. The research complements two other recent studies by the Ball State University Center for Business and Economic Research and HDR Inc. The Ball State study, released in January 2013, found that for every $1 invested for local transit, $3 would be returned to the local economy. HDR’s Benefit Cost Analysis from November 2011 found that Phase One of the Indy Connect plan specifically would have a 11.2 percent internal rate of return (IRR) to the economy with a total benefit cost ratio of 2.0.

For more information on the Indy Connect plan, visit the website at www.indyconnect.org.

1
Text Only
Local News
  • March for babies event Saturday at Hummel Park |Energized Hendricks County families, companies and volunteers dedicated to giving more babies a healthy start in life will be walking in the March for Babies event this Saturday at Hummel Park in Plainfield. Registration starts at 10 a.m. with the wa

    April 23, 2014

  • news singleton, joseph.jpg Former teacher convicted of child molestation

    Joseph Singleton was found guilty of two counts of child molestation stemming from allegations made nearly a year ago.

    April 23, 2014 1 Photo

  • HCF 4-23 news white lick creek pic 2 White Lick Creek may face significant pollution WHITESTOWN -- Hendricks and Boone county residents on the lines south of Fayette who have property contiguous to White Lick Creek need to be aware that a Whitestown Waste Water Treatment Plant is planning to discharge effluent that will add to the po

    April 23, 2014 2 Photos

  • Play-A-Round Downtown winners announced Sometimes staying home for Spring Break can be just as fun as going on a vacation. Two lucky winners of the annual Play-A-Round Downtown miniature golf certainly feel that way. The Downtown Danville Partnership had a lovely week for the annual event

    April 23, 2014

  • Unclaimed remains of vets will be inurned this weekend The Hendricks County American Legions, as well as their American Legion Rider members, will be among many in Indiana to participate in the Missing in America Project (MIAP) to inter the unclaimed remains of veterans. You hear about those who were mis

    April 23, 2014

  • National Police Week is declared May 11-17 DANVILLE -- The Hendricks County Commissioners this week approved a proclamation to designate the week of May 11-17 as National Police Week and for May 15 to be declared Police Memorial Day. Capt. Megen Morgan of the Hendricks County Sheriff's Depart

    April 23, 2014

  • Hendricks County to receive FEMA funds Governor Mike Pence received word Tuesday that the Federal Emergency Management Agency (FEMA) has granted his appeal for federal assistance for the severe winter storms that impacted much of the state Jan. 5-9 this year. The major disaster declaratio

    April 23, 2014

  • A Beethoven Palindrome opens next weekend On the first weekend in May, the Hendricks Symphony Orchestra and Symphonic Choir, directed by Benjamin G. Del Vecchio, will present two of Beethoven's works as "A Beethoven Palindrome," Opus 86, Mass in C Major and Opus 68, Symphony No. 6 in F Major

    April 23, 2014

  • National Pow Wow returns to fairgrounds in July National Pow Wow will be returning to the Hendricks County 4-H Fairgrounds and Conference Complex July 3-6. The event is open to the public and they hope that the community will support the event. One aspect of the event is a Parade that they will be

    April 23, 2014

  • Hendricks County Knife and Flower Sale coming The Hendricks County Knife and Flower Sale will be May 5-10 at the Avon American Legion, Post 145, 375 S. S.R. 267, Avon. The sale will be from noon to 8 p.m. Monday through Friday and from 8 a.m. to 3 p.m. Saturday. There will be many varieties of f

    April 23, 2014

House Ads
Hendricks County Marquee
Email News Sign Up
Facebook
Twitter Updates
Follow us on twitter
Poll

New poll question: Will you be attending this year’s Indianapolis 500?

Yes
No
Undecded
     View Results
AP Video
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Must Read