PHOENIX, Dec. 12, 2016 /PRNewswire/ -- A new economic survey released today by Lyft reports the local Phoenix economy will see an extra $39.6 million in 2016 thanks to the availability of Lyft's affordable, convenient rides. Conducted by the Land Econ Group, the study also showed passengers in Phoenix will save $18.6 million in travel time value and over 493,333 travel hours this year alone because of Lyft.
"Home to a vibrant economy and talented workforce, we're working every day to position our state to embrace innovative companies with new ways of doing things," said Arizona Governor Doug Ducey. "By passing forward-looking policies, Arizona is quickly and proudly becoming a state where technology has to catch up with legislation, not the other way around. We couldn't be happier with Lyft's successful growth in Arizona and its positive impact on our state economy. We can't wait to see what they do next."
The national survey examined over 20 Lyft markets across the country, including Phoenix. In 2016, local economies will see over $750 million in additional spending due to the availability of Lyft. Access to Lyft also meant that passengers saved over $500 million and 26 million travel hours compared to alternative transportation modes.
"Lyft has become a powerful driver of economic growth in the Phoenix area by creating flexible economic opportunities for drivers, improved transportation access for passengers, and encouraging local spending," said Drena Kusari, Lyft's Phoenix General Manager. "It's also exciting to see that ridesharing helps make Phoenix safer: 93% of passengers are more likely to avoid driving while intoxicated because of Lyft."
In Phoenix, the study also found:
- 90% of Lyft drivers have given a ride to a neighbor before
- 45% of passengers use their personal vehicle less because of Lyft
- 42% of Lyft drivers have had a lasting, positive community connection (e.g. friendship or business contact)
- 32% of rides start in underserved areas
Additional information on Lyft's 2017 Economic Impact Survey can be found here.
Lyft was founded in June 2012 by Logan Green and John Zimmer to reconnect people and communities through better transportation. Lyft is the fastest growing rideshare company in the U.S and is available in more than 200 cities. Lyft is preferred by drivers and passengers for its safe and friendly experience, and its commitment to effecting positive change for the future of our cities.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lyft-generates-396-million-for-phoenixs-economy-in-2016-300376384.html