Highlights from Chapter 2
Economic Development
And Governance
- Economic Growth: The California high-speed rail project is a key driver of economic growth and job creation, benefiting disadvantaged communities and small businesses.
- Investment Impact: From July 2006 to June 2023, the Authority invested $11.2 billion in planning and construction, generating significant economic activity, particularly in the Central Valley.
- Job Creation: The project has created 13,930 construction jobs, with 70 percent of these positions filled by Central Valley residents, and more than 10,000 jobs created in the last five years.
- Labor Income and Economic Output: In Fiscal Year 2022-23, the project generated $940 million in labor income and $3 billion in economic impact. Long-term projections estimate nearly $79 billion in labor income and $203.6 billion in total economic output.
- Green Jobs: The high-speed rail system will be solar-powered, creating job opportunities in solar power installation, maintenance, and management, as well as permanent positions in system operations and maintenance.
- Disadvantaged Communities: The Authority focuses on enhancing communities, particularly disadvantaged communities, by providing economic opportunities, job training, and support for small businesses.
- Diversity and Inclusion: Promoting diversity and equal opportunity is a core principle, with 847 small businesses, 292 DBEs, and 105 DVBEs working on the project. More than 200 of those small businesses are minority-owned.
More Information
Learn more about the California High-Speed Rail program at https://hsr.ca.gov/ and the Sustainability Report at https://hsr.ca.gov/sustainability-report.
The California High-Speed Rail Authority makes every effort to ensure the website and its contents meet mandated ADA requirements as per the California State mandated Web Content Accessibility Guidelines 2.0 Level AA standard. If you are looking for a particular document not located on the California High-Speed Rail Authority website, you may make a request for the document under the Public Records Act through the Public Records Act page. If you have any questions about the website or its contents, please contact the Authority at info@hsr.ca.gov.