Spending Money Nearby,
Instead of on Fuel,
Makes a Community
Healthy, Wealthy and Cool
According to AAA, owning, insuring, maintaining and fueling a personal vehicle costs the average household about $9,000 a year per vehicle. That’s what makes transportation – not food or clothing or healthcare or our personal electronics – the 2nd largest household expense in Delaware. (Only housing is more expensive.) But that’s not just an economic problem for families in Delaware. It’s an even bigger economic problem for communities in Delaware because no one in Delaware drills for oil or manufacture cars. So all that money we spend on transportation leaves our local communities (instead of circulating within them).
In contrast, every time a new household forms in Delaware with one less car, that household is economic gold to its local community. All the money that new household is not spending on owning, insuring, maintaining and fueling a car becomes, instead, discretionary income that can be spent with local businesses creating local jobs.
That’s the problem: we need to reduce the cost of transportation in Delaware in order to catalyze local economic development. But what’s the solution? How can we create a low-cost transportation system in Delaware that will create economically vibrant local economies in Delaware?
May 4, 2017