May 06 2010
$19 Billion Dividend
New York City’s Green Dividend
New Yorkers drive substantially less than the average American, with its 24/7/365 transit system and massive increase in cycling. This helps NYC realize a staggering $19 billion in savings each year. This is money that NYC’s counterparts in other metro areas spend on auto-related expenses.
Because New Yorkers spend so much less on cars and gasoline—money that quickly leaves the local economy—New Yorkers that much more purchasing power for local spending, stimulating the city’s economy.
New York City’s Green Dividend. Read the full report by CEOs for Cities
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