OCTOBER 2011 -- Working Paper 3 presents preliminary economic impact estimates of biking and walking activities in Vermont. Previously identified data sources have been gleaned for appropriate information and analyzed as to their applicability for modeling purposes.

This memorandum first presents a primer on economic impact analysis and models—a necessary first step in framing the subsequent discussion regarding appropriate data and information to include in modeling the economic benefits of bicycling and walking in Vermont.

A series of analytical discourses follows on various available data sets on the economic effects of bicycling and walking activities in Vermont—from the construction and maintenance of dedicated bicycle-pedestrian infrastructure and the effects of those trails and paths on property values to the economic activity associated with the group of in-state bicycle and pedestrian-related businesses and tourism expenditures related to bicycle and pedestrian tours and events.

Download Working Paper #3 here.

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