“In the many North American cities where two-wheeled transportation is taking off, a new bicycle economy is emerging. It’s amazing how much money can stay in your community when it isn’t being pumped into the gas tank, big insurance, and the auto market. What will this new bicycle economy look like? We don’t have to guess. It’s already emerging along urban, low-traffic bikeway networks nationwide. One thing is guaranteed: it includes a lot of new bike shops like this one on a bikeway in Baltimore — one of five new bike shops to have opened in the last two years in that city. A 2008 study in Portland clocked bicycle-related industry alone as contributing $90 million to the local economy every year. Bicycle tourism is another huge boon to regions that can attract it — in 2010, Wisconsin bragged of a yearly $1.5 billion bike economy.”
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