Economic Studies

CFX Powers the Region’s Economy

The Central Florida Expressway Authority’s $2.5 billion Five-Year Work Plan (Fiscal Year 2020-2024) 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 2020-2024 Five-Year Work Plan will have a substantial economic impact on the region. The study found that CFX’s plan is projected to:

• Create an estimated 5,224 jobs annually in the Central Florida region, plus generate an additional 719 jobs elsewhere in Florida
• Generate $1.4 billion in wages and income to the region
• Stimulate $4.6 billion in total output (overall gross business sales)
• Contribute $2.4 billion in overall gross domestic product

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 $33 million in annual out-of-pocket costs
• Each household will save an average of 62 travel hours a year, or $729 a year
• Area businesses will save an estimated $11 million in fuel consumption costs
• Less harmful emissions, reduced annually by $20.8 million
• Reductions of $308 million in costs related to travel and accidents

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