By Richard Peace
Quantifying Bicycles’ Economic Contribution
The U.S. House of Representatives have just passed the Outdoor REC (Recreation’s Economic Contributions) Act, moving it one step closer to being signed into law by the president.
As suggested by its title, The Outdoor REC Act would require the U.S. Departments of Commerce and Labor, working with federal land management agencies, to provide statistics on the economic contribution of recreation to the U.S. economy – and that inlcudes bikes’ and e-bike’s contribution.
People for Bikes said:
‘We believe it is time for the bike industry’s economic statistics to be measured in the same way as other sectors such as the automobile, pharmaceutical and agricultural industries. Measuring the economic benefits of bicycling will demonstrate that investment in bike infrastructure leads to economic development, jobs and healthier communities. [Read more…]