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The Economic Impact of Green City, Clean Waters Lee Huang, Senior Vice President Daniel Miles, Director Kate Raman, Associate Director January 27, 2016
| Date post: | 12-Apr-2017 |
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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]
