New study estimates the New International Trade Crossing will add thousands of jobs to Michigan's economy
Thursday, June 14, 2012
The construction of a new bridge connecting Detroit, Michigan and Windsor, Ontario will provide an estimated 12,000 jobs per year for each of the four years of the construction phase according to a recently released analysis published by the Center for Automotive Research (CAR), an Ann Arbor-based nonprofit research organization. Furthermore, the analysis concludes that once the bridge is operational, more than 8,000 permanent jobs will be created in Southeast Michigan.
The study, “Analysis of the Economic Contribution of Constructing the New International Trade Crossing: A New Bridge Linking Detroit and Windsor,” indicates numerous opportunities will be generated from both the construction and operation of the bridge, the New International Trade Crossing (NITC). CAR Research Study
“Initially the construction of the bridge itself will serve as an economic stimulus, providing jobs and state revenues. Once construction is completed and bridge operations have begun, the region’s additional freight shipping capability could attract private-sector investment, augmenting the gross regional product and creating more employment opportunities,” said Kim Hill, director of Sustainability and Economic Development Strategies at CAR and the study’s lead.
“Additionally, the bridge project will make Michigan eligible to receive Federal matching funds that can be used on other highway infrastructure projects throughout the state, helping to improve Michigan’s highway system and supporting the state’s transportation employment. Clearly, a project of this scale, along with the federal matching funds, will have employment and economic effects that will impact many diverse industries throughout the state,” said Hill.
CAR has significant experience conducting economic impact analyses and has carried out the majority of national level automotive economic contribution studies completed in the United States since 1992.
This report is the product of research performed by the Sustainability & Economic Development Strategies and the Transportation Systems Analysis groups at the Center for Automotive Research. The report was written by Hill, Richard Wallace, director of Transportation Systems Analysis, Deb Menk, senior project manager and Joshua Cregger, industry analyst. Financial support for this study was provided by the Michigan Manufacturers Association and the Consulate General of Canada in Detroit. Additional support was provided by the Detroit Regional Chamber. The complete study is available at CAR Research Study
Center for Automotive Research
The Center for Automotive Research’s mission is to conduct research on significant issues related to the future direction of the global automotive industry, as well as organize and conduct forums of value to the automotive community. CAR performs numerous studies for federal, state and local governments, corporations, and foundations. The Sustainability and Economic Development Strategies group offers objective analysis and advice while encouraging collaboration between the automotive sector, academia, and communities, with the goal of long-term sustainability of both the industry and communities.