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Highway Program impacts
The table displays the economic benefits of the $10.7 billion investment for the 2026-2030 multimodal highway program, including RMBP. As a result, an annual average of 17,876 jobs would be supported, including both new jobs as well as jobs retained. In addition, the highway program investment annually supports $1.2 billion in labor income, $3.4 billion in business output, and more than $1.6 billion in Gross Regional Product (GRP).
Economic benefits of the FY 2026-2030 Five-Year Highway Program
|
|
2026 |
2027 |
2028 |
2029 |
2030 |
Total |
Annual average |
|---|---|---|---|---|---|---|---|
|
Investment (in millions) |
$2,587 |
$2,602 |
$1,896 |
$1,748 |
$2,859 |
$10,692 |
$2,138 |
|
Employment impact (jobs) |
22,496 |
21,235 | 16,085 | 14,621 | 14,943 | 89,380* |
17,876 |
|
Gross regional product (in millions) |
$2,046 |
$2,008 |
$1,452 |
$1,316 |
$1,366 |
$8,188 |
$1,638 |
|
Labor income (in millions) *** |
$1,573 |
$1,498 |
$1,085 |
$988 |
$1,025 |
$6,168 |
$1,234 |
| Output/sales (in millions) *** | $4,230 | $4,156 | $2,976 | $2,692 | $2,794 | $16,848 | $3,370 |
*Total employment impact refers to cumulative job-years supported by FY 2026-2030 Highway and Bridge Program.
**Labor income is comprised of the sum of salaries, wages, proprietors’ income, and employer-paid benefits.
***Business Output/Sales is final sales, or total revenues, by industry. Depending on the industry, sales can be to any combination of other businesses, households, or the federal/state/local government, as defined by TREDIS.