CFX Powers the Region’s Economy
The Central Florida Expressway Authority’s $1.3 billion work program (FY 2017-2021) is an economic engine, powering growth in employment, income and business sales while also yielding savings in time and money for households. The Work Plan strategically identifies projects to be funded over a five-year period.
According to a study by the Center for Urban Transportation Research (CUTR), CFX’s 2016-2020 Work Plan will have a substantial economic impact on the region. The study said CFX’s plan is projected to:
- Create an estimated 11,390 jobs in the four-county Orlando-Kissimmee-Sanford metropolitan statistical area (MSA), plus generate an additional 1,000 jobs elsewhere in Florida
- Stimulate $2.1 billion in overall gross business sales, including $1.9 billion in the MSA
- Contribute $1 billion in overall gross domestic product, including $935 million in the MSA
Furthermore, the study revealed other benefits of CFX’s strategic plan to expand and improve its toll road network over five years:
- Area households will save a combined $25.6 million in out-of-pocket costs
- Each household will save on the average 32 travel hours a year, or $334 a year
- Less harmful emissions
- Reductions in costs related to travel and accidents
Click here to read the full economic impact report.