the economic benefits of green city, clean waters
TRANSCRIPT
The Economic Impact of Green City, Clean Waters
Lee Huang, Senior Vice PresidentDaniel Miles, DirectorKate Raman, Associate DirectorJanuary 27, 2016
Introduction
The Economic Impact of Green City, Clean Waters
Cultivating a Triple Bottom Line Culture About Green City, Clean Waters Catalyzing a Best-in-Class GSI Industry
Cluster GSI Work Boosts the Local Economy GSI is a Neighborhood Amenity GSI Projects Advance Social Equity
Presentation Overview
Introduction
The Economic Impact of Green City, Clean Waters
Cultivating a Triple Bottom Line Culture Economics Environment Equity
Introduction: Green City, Clean Waters
The Economic Impact of Green City, Clean Waters
About Green City, Clean Waters• An innovative response to
federally established water quality requirements.
• The mechanics of grey vs. green
• $1.2B in public infrastructure investment
• Regulations + incentives for private investment 125 public and 173 private projects completed to date.
Source: 2.0 University Place
The Economic Impact of Green City, Clean Waters
Catalyzing a Best-in-Class GSI Industry Cluster
“a cost-saving program that lets Philadelphia Water minimize rate
increases and keep water affordable for all” - Philadelphia Water
“One of the more innovative things in Philadelphia…” - Forest Service’s Rodbell
“Green stormwater infrastructure is a much more economically, socially, and environmentally beneficial solution to stormwater management than
other grey systems, such as storing water in tanks.” – City Parks Alliance
Regulation breeds innovation
Accolades & emulation
GSI Partners - double-digit revenue growth
Economic impact of GSI Partners' GSI work
GSI Projects
The Economic Impact of Green City, Clean Waters
GSI Projects Throughout the City of Philadelphia
Source: ESI (2015)
PUBLIC GREEN STORMWATER INFRASTRUCTURE PROJECTS
PRIVATE GREEN STORMWATER INFRASTRUCTURE PROJECTS
Economic Impact
The Economic Impact of Green City, Clean Waters
GSI Work Boosts the Local Economy
Source: Econsult Solutions (2015), GSI Partners (2015), IMPLAN (2013)
Impact Type Total Impact Total expenditure impact ($M) $3,000
Total Job Impact 23,484
Total Labor income impact ($M) $1,500
Total City Tax Revenue ($M) $48
Billions in Public and Private Infrastructure Investment
Economic impact throughout city economy Jobs, labor income, and tax revenues
The Economic Impact of Green City, Clean Waters
GSI is a Neighborhood Amenity GSI = ecological
service AND beloved amenity
Well-researched connection to quality of life gains to nearby residents
Property value gain = wealth boost for homeowners, property tax revenues for City & School District
William Dick Elementary SchoolSource: Philadelphia Water Department
GSI Projects
The Economic Impact of Green City, Clean Waters
GSI Projects Advance Social Equity
Source: powercorpsphl.org/about-us/
Job/contract opportunities, grey vs. green
Support initiatives to encourage on-ramps to economic opportunity
Geographic distribution of benefits from GSI projects
The Economic Impact of Green City, Clean Waters
Cultivating a Triple Bottom Line Culture
Source: Albert Vecerka / Esto for Roofmeadow
Ecological Service AND Economic Impact AND neighborhood benefit
City's own actions + regulation/incentives/investment inducing private actions
Developers are increasingly seeing this as a deal-maker rather than a deal-breaker
The Economic Impact of Green City, Clean Waters
Questions?
Econsult Solutions, Inc.1435 Walnut Street, Suite 300Philadelphia, PA [email protected]@[email protected]