The rise in hybrid and work-from-home employment, driven by new communication technologies, low unemployment rates, and the aftermath of the pandemic, has led to a redistribution of America’s workforce. Forward-thinking cities and counties see this as an opportunity for economic development and are investing in transit-oriented developments (TODs) to attract businesses.
These TODs prioritize transportation infrastructure through investments in multi-modal capabilities that include bus, light rail service for short- and long-distance travel. They also provide easy access to nearby office/industrial districts with branded or easily identifiable areas near proposed transit centers. Additionally, they offer access to retail destinations for shopping or entertainment purposes.
Affordable housing options within close proximity (e.g., quarter mile) of transit stations are crucial for cultivating walkable/bikeable neighborhoods. Many states have programs that fund affordable housing developments near these infrastructure improvements.
Sustainability is another key factor in successful TODs as it promotes environmental benefits such as reduced CO2 emissions and vehicle miles traveled while prioritizing people-first design elements like well-maintained roads/landscaping/open spaces.
In conclusion,TODs can have a transformational impact on a city or county’s economic development by creating convenient mobility options between home/workplace/local attractions while promoting sustainability. By differentiating themselves from other locations with corporate site selectors through proper visioning/implementing of TODs,cities/counties can increase their business attraction/retention rates.
Matt Marquez is the Planning & Economic Development Director at Rancho Cucamonga,a Southern California city with over 176000 residents.Currently developing “Cucamonga Station,” which will serve as a multi-model transportation hub connecting Ontario International Airport,the Los Angeles region,San Bernardino/Inland Empire via Metrolink commuter rail,and HART District,a mixed-use district.Cucamonga Station will also be the landing spot for Brightline West project,a privately funded high-speed rail from Las Vegas to Southern California.
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