Archive for June 25th, 2013

Metro – A Place for Business

June 25th, 2013 3 comments

Metro is critical to the eGISBase_PopEmpByCounty-Apr-2013-v5_Small-2-01prosperity of the region and has a positive effect on business activity. Within one half-mile of rail stations and bus stops there are two million jobs, which account for 54 percent of all jobs in the region. The figure to the right shows how future employment will be focused in the Metrorail service areas of the central jurisdictions and the inner suburbs.

The Washington, D.C. Metropolitan Statistical Area (MSA) added 275,000 households and 295,000 jobs between 2004 and 2010.  Of that growth, 6.4 percent of new households and 13.8 percent of new jobs located within one-quarter mile of urban Metro stations and one-half mile of suburban ones. The land area around these Metro stations comprises only 1.2 percent of the MSA land area, so Metro-adjacent locations are capturing far more than an average share of growth. When asked, 83 percent of business leaders surveyed by Metro in March, 2013 noted the importance of Metro to their future success. Employers have chosen Metro station areas as highly desirable places to locate jobs and attract employees. Seventy-seven percent of them said the proximity of a Metrorail station was important to where they decided to locate their businesses.

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