Here is a link to the Alliance for Biking and Walking, and a report highlighting the impact that the bicycle industry and bicycle tourism can have on state and local economies. It discusses the cost effectiveness of investments, points out the benefits of bike facilities for business districts and neighborhoods, and identifies the cost savings associated with a mode shift from car to bicycle. The evidence demonstrates that investments in bicycling infrastructure make good economic sense as a cost-effective way to enhance shopping districts and communities, generate tourism and support business.
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