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Transcript

Rationale

1. Vermont’s vision mandates VTrans to support the economic wellbeing of Vermonter's

  • Vision: The Vermont Agency of Transportation vision is a safe, efficient and fully integrated transportation system that promotes Vermont’s quality of life and economic wellbeing.

  • Mission: VTrans’ mission is to provide for the movement of people and commerce in a safe, reliable, cost-effective and environmentally responsible manner.

2. Vermont's Changing Economies

  • The Service Economy

  • The Production Economy

Project Prioritization

3. Primary Goal

  • To inform and guide the Agency regarding economic development as it relates to transportation project investment and prioritization.

  • Projects are prioritized by project type.

  • Asset management is incorporated in prioritization.

  • Room for Expansion of economic developments role in project selection.

Economic Development Factors Within Our Prioritization System

Our Highway System

  • Our Highway system is by default a facilitator of economic activity.

  • Coat-tailing the economic initiatives of other agencies.

  • Downtown Designation by ACCD

  • Transportation Grant programs.

Rail and Aviation

  • Rail and Aviation divisions have worked to target investment that would directly effect businesses.

  • The infrastructure footprint of Rail and Aviation is more defined than that of our highway system.

  • Rail and Aviation have had the opportunity to take a more entrepreneurial approach to investment.

Economic Development By Mode

  • Economic Development's role has evolved differently in each mode.

  • Re-examining economic developments role includes looking at the current processes we use in each mode and identifying the ones that are producing results.

  • We can avoid challenges by learning what has worked the best in each mode.

Transportation and Economic Development

Economic Development's Current Role

  • We have to understand Economic Development's current role at VTrans in order to reform our process.

  • Before VTrans can look to other states for guidance, we have to know what economic elements already exist in our process.

  • This may include identifying what elements are effective and what elements are not beneficial.

Vermont's unique economic challenges require us to take a deeper look into how VTrans can play a role in growing our communities. It's clear that each state takes a different approach based upon the individual needs of each state.

As each state transportation agency faces different challenges, VTrans will have to determine based on our needs what will work for us.

Approaches We Can Take

Refining Project Prioritization

Option 1

  • Develop additional economic development factors to be scored for each project type.

  • VTrans could analyze the modes and project types that would benefit from economic development prioritization and add the appropriate criteria.

Option 2

  • Carve out economic development as a separate framework for project scoring.

  • This approach has the advantage of keeping prioritization factors separate so they do not interfere or drag down a project that may be beneficial for other reasons than economic development.

A paradigm shift towards an entrepreneurial attitude in the Agency.

  • Aggregating the economic goals of the institutions involved in project development and implementation.

  • Through entrepreneurial initiatives, the efficiency of projects like those in Waterbury, St Albans, and Barre can be improved.

Summary of States' Prioritization

Massachusetts

Utah

  • Utah's research recommends prioritizing projects based on the existing components that demonstrate the success of a region.

  • Carved out economic development as a separate category for projects to be scored.

  • Economic Choke Point Category for rural areas in the State.

  • They did not reform the prioritization methods that were working and mostly data based, like asset management.

  • Selected 2 classes of projects that they believed would benefit the most from prioritization.

  • Under those two classes of projects, 3 subcategories/modes were created totaling 6 scoring systems.

  • Those six scoring systems are guided by 8 criteria, one of which includes Economic Impact.

Virginia

  • Overhauled their entire project selection process.

  • Created separate scoring categories to meet the unique needs of each region.

  • The six factor categories prioritize projects separately similar to Utah.

  • Each factor category is weighted different in all 4 regional scoring categories.

*

In the chart, the MBTA and Regional Transit classifications are grouped together because they are weighted the same, however, their projects will compete separately.

6 Scoring Categories and Weights

Massachusetts

  • Audited their process to determine what project classifications needed new prioritization.

  • Not a comprehensive overhaul.

  • Modernization and Capacity Projects were subject to this prioritization.

  • Three modal types or sub-categories were also selected creating a total of six separate scoring categories.

  • The three modal types are, Roads and Paths, Massachusetts Bay Transit Authority, and Regional Transit.

Scoring Categories

Economic Development Measures

Transportation and Economic Development

Virginia

  • Beefy legislation called HB2 preempted the overhaul.

  • Comprehensive reform to entire project selection process.

  • Regional scoring categories with weights corresponding to a region's unique characteristics.

Economic Development Criteria

Utah

  • Utah carved out of their prioritization the economic development category for adjustment.

  • Economic Development 1 out of 4 prioritization categories among: Environmental, Congestion and Safety.

  • The Economic Development category is within tier 2 of their 2-tiered project selection system.

Other State Processes

  • Utah, Virginia, and Massachusetts provided the most comprehensive material to examine.

  • Each state took a different approach.

  • Utah's report focused only on economic development within their prioritization system, while Virginia and Massachusetts focused on project prioritization as a whole.

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