Economic Analysis

Pierce County commissioned an economic analysis in 2018 to learn more about the project’s benefits and effects for businesses and communities in the area.

Download the full report

Current Conditions
  • Manufacturing, wholesale and distribution, transportation and construction are the most common industries.
  • Businesses and stakeholders are concerned about congestion during peak hours and conditions for large trucks.
  • The Canyon Road corridor is a key commuting route for people who live in Tacoma, South Hill, Lakewood, Puyallup and Spanaway.
Geographic area
  • Pierce County’s population is projected to grow at an average rate of 1.3 percent per year for the next 10 years.
  • Many freight trips start at the Frederickson manufacturing and industrial center and other businesses south of SR 512, while others come from King County.
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How does the project benefit the economy?

The following benefits were key findings from the economic analysis report completed in 2018:

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Improves local and regional travel

Provides an alternative north-south transportation route.

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Supports job growth

Supports thousands of new jobs by creating access to available land in the Frederickson area.

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Accommodates future population growth

Allows more people easier access to where they live, work and shop by improving a major commuter corridor.

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Supports regional freight operations

Decreases travel times and reduces transportation costs for goods.

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Saves commuters money

Cuts distances to destinations for drivers, bicyclists and pedestrians.

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Puts money back into the local economy

Supports around 180 jobs and puts $25.3 million back into the economy through cost savings.

Businesses and organizations interviewed for this project agreed:

“The Canyon Road East freight corridor is essential to the economic wellbeing and future growth potential of the manufacturing industrial centers and communities.”