Transportation should be safe, reliable, affordable, and convenient.
The difficulty with which people and cargo move around the region has a large impact on quality of life and economic productivity. Unfortunately, commute times are a major source of stress and productivity loss in Greater Washington. In 2018, Washingtonian reported that the DMV is the world’s 15th most congested metropolis, with commuters spending 61 hours a year stuck in traffic. We need a mix of safe, convenient, and clean transportation options.
Smart technology can make transportation more efficient and lower costs, and we must begin to lay the foundations to support next-generation technologies such as electric, autonomous, and aerial vehicles. According to the McKinsey Global Institute, a city of 5 million people (the Washington metropolitan area has roughly 6.1 million residents according to the 2016 U.S. Census) could reduce average commute times 15-20% by implementing smart solutions.
The Board of Trade will work with key stakeholders and elected and appointed officials to influence policy which provides equitable transportation options, manages fiscal responsibility, and secures investments that will improve the overall efficacy of transit operations and reliability.
Priorities include but not limited to:
- Address policy and regulatory issues relevant to pilot projects (such as potential new integrated payment options)
- Establish a facilitator between the business community and government officials
- Incentivize the general public to use alternative transportation options