http://www.andersoneconomicgroup.comRSS feeds for Anderson Economic Group60http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7969/The-URCs-Support-for-Advanced-Manufacturing-in-Michigan.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7969http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7969&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/URC_Adv Mfg DRAFT_PUBLIC.pdf Manufacturing is embedded in our state’s history, and in our national consciousness, as the engine of economic growth for much of the 20th century. Michigan was the “arsenal of democracy” in World War II, where Henry Ford’s revolutionary wages brought immigrants from numerous countries, and where companies like General Motors, Chrysler, and Ford grew into global enterprises. Michigan is also the place that, far too often, is saddled with a reputation for being very good at something that is no longer relevant, modern, or particularly useful in the 21st century. In particular, we suffer from the misguided notion that manufacturing is not a “high tech” or high-value-added enterprise. This report provides, in great detail, hard evidence that manufacturing is alive and vital in Michigan today, and that much of the manufacturing done in Michigan today is high-tech, high-productivity advanced manufacturing. Indeed, there are numerous places in the world where low-tech manufacturing can take place, often where labor and other costs are much lower than in the United States. Manufacturers in Michigan, therefore, must produce high-quality products using high-productivity techniques, and advanced technologies. As we note in this report, advanced manufacturing in Michigan is: An important industry that employs over 10% of the state’s workforce; A productive industry where over half of the employment is in firms whose productivity is growing faster than the average U.S. manufacturing firm; A highly-skilled industry where over one-third of the research and testing jobs in the Midwest are located.   scottWed, 21 Jul 2010 14:30:00 GMTf1397696-738c-4295-afcd-943feb885714:7969http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7962/Michigans-Roads-The-Cost-of-Doing-Nothing-and-the-Rewards-of-Bold-Action.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7962http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7962&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/AEG- Michigans Roads - Cost of Doing Nothing.pdf Constructing and maintaining basic infrastructure is one of the core functions of government. Investment in infrastructure, including roads and bridges, is important for enabling commerce and for the convenience, safety, and recreation of citizens. The Michigan Chamber of Commerce commissioned this report to inform public discussion of the proper level of funding for building and maintaining Michigan’s road infrastructure. This report describes Michigan’s trunkline road system and the Michigan Transportation Fund (MTF); provides a credible, conservative estimate of the impact of several levels of funding on the state economy; discusses the impact that road infrastructure has on the safety and expenditures of Michigan households; and discusses the importance of our state trunkline roads to key Michigan industries.  scottWed, 26 May 2010 15:59:00 GMTf1397696-738c-4295-afcd-943feb885714:7962http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7135/Detroit-Tigers-2008-Net-Economic-Impact-from-Attendance.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7135http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7135&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/Tigers08RegSeason_WP.pdfDetroit Tigers 2008 Net Economic Impact from AttendancescottFri, 07 May 2010 17:35:00 GMTf1397696-738c-4295-afcd-943feb885714:7135http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7909/The-Likely-Economic-Impact-of-a-Chicago-2016-Summer-Olympics.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7909http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7909&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/AEG_chicago_olympics_final.pdfAnderson Economic Group, LLC, is an economic consulting firm with offices in Chicago, Illinois; East Lansing, Michigan; and Los Angeles, California. We have prepared this independent analysis of the likely economic impact of the proposed 2016 Summer Olympics in Chicago, and are making it publicly available before the IOC announcement date of October 2, 2009. We are preparing this study to provide other Chicago-area businesses, as well as taxpayers and policymakers, a realistic assessment of the actual costs and benefits of hosting the games. Our analysis of past major events, and our past evaluations of the value of sports-related and other businesses, gives us a unique position to carefully examine this question. Boosters of large sporting events and stadium construction have sometimes claimed economic benefits that later proved far too good to be true. However, our analyses of both sports franchises, and cities in which sporting teams oper-ate, show that some events can provide economic benefits that far exceed the costs. Given the scale of the Olympics, and the exposure it would give to Chi-cago on a world stage, it is certainly worth carefully considering the costs, risks, and benefits. We have used a rigorous methodology to estimate the likelly economic impact of events like the 2016 Summer Olympics.scottFri, 07 May 2010 11:00:00 GMTf1397696-738c-4295-afcd-943feb885714:7909http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7960/Presentation-Fiscal-Stability-of-Collier-County.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7960http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7960&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/AEG_CollierCountyPres_March2010.pdf scottTue, 16 Mar 2010 19:34:00 GMTf1397696-738c-4295-afcd-943feb885714:7960http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7959/Effectiveness-of-Michigans-Key-Business-Tax-Incentives-March-2010.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7959http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7959&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/MEA_Evaluating_TaxAbatements_Public.pdfEffective business tax incentive programs are imperative when a state is in economic decline, when its business tax burdens are considered uncompetitive for many industries, or when state budgets are strained. Michigan suffers from all three of these conditions. It can afford to pursue only the most effective tax incentive programs. Unfortunately, there exists no comprehensive assessment of the effectiveness of Michigan’s tax incentive programs. The purpose of this report is to fill much of that gap, first by creating a systematic inventory of Michigan’s tax abatement programs, and second by evaluating the available evidence of their effectiveness in attracting and retaining businesses. The Michigan Education Association and National Education Association commissioned this report to improve the quality of the debate on business tax incentives. The report was completed by the independent consulting firm of Anderson Economic Group, LLC, which has considerable expertise in business tax policy, tax incentives, and state tax burden comparisons.scottThu, 04 Mar 2010 18:31:00 GMTf1397696-738c-4295-afcd-943feb885714:7959http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7950/Auto-Dealership-Performance-Assessment-and-Termination-Criteria-Michigan-Cadillac-Dealership.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7950http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7950&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7950/Auto-Dealership-Performance-Assessment-and-Termination-Criteria-Michigan-Cadillac-Dealership.aspx In response to a notice of termination and  sales performance review from General Motors and ChannelVantage, a Michigan Cadillac dealership retained Anderson Economic Group (AEG) to provide an independent analysis for the dealership. The analysis specifically focused on 1) the factory’s assigned sales and service area, and 2) the methodology used to calculate the dealership’s Retail Sales Index (RSI). To begin, we reviewed GM’s sales performance calculations and the methodology used by ChannelVantage to arrive at the dealership’s RSI score. Our Geographic Information System (GIS) was utilized to plot the location of the dealerships, its assigned Area of Geographic Sales and Service Advantage (AGSSA), nearby Cadillac dealers, and a ten-minute drive-time area from each dealer. The latter helped to identify census tracts within our client’s AGSSA that were more naturally and/or easily served by another dealer. Measuring the drive-time distances from each of center of these census tracts’ to nearby dealers aided in our revision of the assigned AGSSA. We next analyzed the demographics from the assigned AGSSA and the revised AGSSA, with a focus on variables that correlate with luxury vehicle sales, such as education levels, age, and income. We adjusted the RSI to account for our revisions to the AGSSA based on the reduction in the targeted demographic base, and a reduction in expected market share capture for the vehicle segment. Our findings illustrated that our client had an unreasonably large market area, including over 20 census tracts that were located closer to other Cadillac dealerships. We also accounted for local demographics and customer behavior, as opposed to broad reaching assumptions based on state-level data, to estimate expected sales levels in the market. With these adjustments, we arrived at a significantly higher RSI relative to what GM determined, and used as a primary factor in termination the dealership. We compiled these findings in a report for the client, which he has shared with members of Congress while lobbying for passage of the Durbin-Hoyer bill that was enacted, and allows all terminated dealership a chance at arbitration.scottMon, 21 Dec 2009 21:44:00 GMTf1397696-738c-4295-afcd-943feb885714:7950http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7949/An-Auto-Dealers-Guide-to-Arbitration.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7949http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7949&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/AutoDealer_ArbGuide.pdfThis guide is for dealers that are considering participating in the arbitration process established by H.R. 3288, which was signed in to law by President Obama on December 16, 2009. It reviews the timeline and arbitration process, and the criteria that will be considered by the arbitrator. It concludes with some practical steps dealers should take as they consider whether to participate in the arbitration process.scottWed, 16 Dec 2009 21:36:00 GMTf1397696-738c-4295-afcd-943feb885714:7949http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7948/Luxury-Vehicle-Dealership-Site-Selection-Detroit-Michigan-Area-Dealership-Group.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7948http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7948&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7948/Luxury-Vehicle-Dealership-Site-Selection-Detroit-Michigan-Area-Dealership-Group.aspxAs part of its dealership restructuring efforts, one of the Detroit Three invited current dealers to submit proposals for a new luxury vehicle dealership in suburban Detroit. Our client, a large dealership group in the Detroit area, retained us to assist in evaluating the OEM’s preferred site and an alternate site that was believed to be better positioned in the market. We began with an assessment of the current dealer network in Wayne, Oakland, and Macomb counties. This included a drive-time analysis to assess market coverage, both for the current structure and for the structure after the known dealerships closing. We next identified the most likely site for a new dealership in the OEM preferred area and our client’s preferred area, and delineated a market area for each, accounting for drive-times, infrastructure networks, natural barriers, and the market areas for existing dealerships. A demographic and socio-economic analysis was done for each trade area, focusing on variables that predict the success of luxury automobile dealerships. We also analyzed luxury vehicle registration data from RL Polk to measure historic vehicle purchase patterns in each market. Lastly, we considered site specific factors, such as visibility, traffic count data, and proximity to other luxury vehicle dealerships. Our final results were summarized in a memorandum and presentation to the client, and found the client preferred site to be a much stronger location. Our deliverable  included summary data tables and custom maps showing market areas, demographics, and luxury vehicle registrations. The memorandum and presentation was included by our client in their proposal to the OEM.scottFri, 04 Dec 2009 14:33:00 GMTf1397696-738c-4295-afcd-943feb885714:7948http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7947/Market-SnapshotDemographic-and-Socioeconomic-Analysis-Main-Street-Newnan-Georgia.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7947http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7947&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7947/Market-SnapshotDemographic-and-Socioeconomic-Analysis-Main-Street-Newnan-Georgia.aspxAnderson Economic Group completed a market snapshot for the Main Street Newnan organization in Georgia, located southwest of Atlanta. The purpose of providing Newnan Main Street with the market snapshot was to help bolster the organization’s plans for attracting and recruiting business, and to uncover potential strengths and opportunities in the downtown. We worked with Main Street Newnan to determine the downtown’s center of market activity and its likely primary and secondary market areas in terms of drive-time distances. We next used our Geographic Information System (GIS) to plot the location and delineate the drive-time boundaries on a map. To provide a visual display of key data in the community, we customized maps to display the current year per capita income and population density, and projected percent population change, all at the block group level. The primary and secondary market areas and the county were further analyzed to provide a detailed understanding of Newnan’s demographic and socioeconomic make-up for the current year and projected trends over the following five years. Relevant categories, including age, income, households, education attainment, and consumer expenditures were detailed in a table and summarized in a narrative to explain the trends and key points. The market snapshot product is being used by Newnan Main Street in their business and other attraction efforts.  scottFri, 04 Dec 2009 14:31:00 GMTf1397696-738c-4295-afcd-943feb885714:7947http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7946/Market-Snapshot-Traverse-City-Area-Chamber-of-Commerce.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7946http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7946&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7946/Market-Snapshot-Traverse-City-Area-Chamber-of-Commerce.aspx  Anderson Economic Group completed a market snapshot for the Traverse City Area Chamber of Commerce (TC Chamber) in Michigan. The purpose of the market snapshot was to help bolster plans for attracting and recruiting business, provide a marketing piece for promotional efforts, and to uncover potential strengths and opportunities in the area. We worked with the TC Chamber to determine downtown Traverse City’s center of market activity and its likely primary and secondary market areas in terms of drive-time distances. We next used our Geographic Information System (GIS) to plot the location and delineate the drive-time boundaries on a map. To provide a visual display of key data in the community, we customized maps to display the current year per capita income and population density, and projected percent population change, all at the block group level. The primary and secondary market areas and the state were further analyzed to provide a detailed understanding of Traverse City’s demographic and socioeconomic make-up for the current year and projected trends over the following five years. Relevant categories, including age, income, households, education attainment, and consumer expenditures were detailed in a table and summarized in a narrative to explain the trends and key points. The market snapshot product is being used by the Traverse City Chamber in their business and other attraction efforts, and was used as a marketing handout at their annual Economic Forecast Breakfast in November 2009. Patrick Anderson, Anderson Economic Group’s CEO, also spoke at the event, and contributed to the region’s “2010 Economic Outlook” report. For a copy of the market snapshot, and the 2010 Economic Outlook report, you can visit: http://www.tcchamber.org/events/economic-forecast-breakfast  scottFri, 04 Dec 2009 14:27:00 GMTf1397696-738c-4295-afcd-943feb885714:7946http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7945/MixedUse-Market-Study-and-Development-Strategy-Northern-Michigan-University-Marquette.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7945http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7945&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7945/MixedUse-Market-Study-and-Development-Strategy-Northern-Michigan-University-Marquette.aspxNorthern Michigan University retained Anderson Economic Group to conduct a market study and strategy for the development of university owned property in Marquette, Michigan. The commission of this report opened the opportunity for the proactive planning of future development efforts, the return of underutilized property to productive uses, and the physical and social connection of the campus and community. Our approach began with a field assessment in Marquette, followed by community outreach through online surveying, meetings with community stakeholders, and focus groups for the business community, area residents, university faculty and staff, and students. Findings from the community engagement helped to qualify results from our retail and residential supply and demand analyses, which identified opportunity for growth in various retail categories and housing value brackets to complement the existing stock. Our recommendations included illustrative development plans for the property, and specific development guidelines and tenant recommendations to enliven the area, connect the campus to the community, and bring in each element of living, working, and playing. We provided the university with a full report which included an executive summary and appendices that contained explanations of the methodology used, detailed findings from the analyses, custom maps, and results from the community engagement process. We also provide pro forma financial models for the development to illustrate the financial considerations related to the project.scottFri, 04 Dec 2009 14:25:00 GMTf1397696-738c-4295-afcd-943feb885714:7945http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7944/Automotive-Industry-Analysis-and-Presentation-State-of-Illinois-Financial-Forecast-Forum.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7944http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7944&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7944/Automotive-Industry-Analysis-and-Presentation-State-of-Illinois-Financial-Forecast-Forum.aspxThe Illinois City/County Management Association, Illinois Government Finance Officers Association and the Northern Illinois University Center for Governmental Studies Civic Leadership Academy holds an annual financial forecast forum for municipal leaders and financial officers from throughout the state. The day long forum for 2009 attracted more than 50 attendees, and feature speakers from the federal reserve, the banking, retail, and real estate sectors, as well as a presentation on the automotive industry by AEG’s Scott Watkins. Our presentation addressed: the global nature of the automotive industry and overall economic slowdown; what the automotive industry in the State of Illinois region looks like and how it has changed in recent years; how the industry slowdown might impact automotive operations in the state; the current and forthcoming issues that will further challenge the automotive industry and regional economies that strongly depend on automotive industry employment; and the need to automotive dealership contraction and how that will impact communities throughout the country. The presentation was delivered to the over 50 attendees of the forum at Northern Illinois State University’s Naperville, Illinois campus. After the presentation AEG consultant Caroline Sallee joined Scott Watkins to address questions from the audience.scottFri, 04 Dec 2009 14:21:00 GMTf1397696-738c-4295-afcd-943feb885714:7944http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7936/Commerical-Damages-Expert-Report-Alaska-RentaCar-v-Cendent.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7936http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7936&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7936/Commerical-Damages-Expert-Report-Alaska-RentaCar-v-Cendent.aspxA recent trial in federal court featured testimony by Anderson Economic Group experts, which was strongly contested by an opposing expert. At the conclusion of the trial the jury agreed completely with the damages estimated by the AEG expert. The trial illustrates the importance of a well-prepared expert report that contains data and methodology to support a conclusion. The expert report was prepared by Patrick L. Anderson, Principal and CEO, East Lansing and Ilhan K. Geckil, Senior Consultant, Chicago. The case involved the breach of a franchise agreement by a national rent-a-car franchisor. The agreement prevented the use of the Avis “sales, marketing, & reservation operations and personnel” to aid a competing franchise. The Court had previously ruled that Cendant (now Avis-Budget Group) had breached this agreement after purchasing the bankrupt Budget franchisor in 2002 and integrating it with the Avis sales and reservation system. The primary issue for the jury was the amount of damages. Plaintiffs presented evidence from the franchisee (including the founder of the firm), which had operated in Alaska since before statehood, that the franchisee had lost sales to Budget after the breach occurred. The plaintiffs also presented Patrick L. Anderson as the expert on damages. The Anderson Economic Group report estimated the franchisee had lost $15.787 million due to the breach, and cited extensive industry data to support his estimate.  Anderson further stated that it was impossible to prove with mathematical precision what would have occurred if the contract had not been breached. Anderson also testified at length on the data and methodology used to estimate damages, and cited professional standards as well as published authorities. Defendants presented multiple executives, including Avis-Budget Group’s CEO, who testified the breach caused no harm. They also presented an opposing expert (a Ph.D. economist) who testified that the actual damages were zero. The jury, presented with both competing explanations of what had occurred, and competing damage estimates of $15.787 million and $0, were instructed to return a verdict of damages. After closing arguments, the jury deliberated for 2½ hours, and returned a verdict of $16 million.scottMon, 16 Nov 2009 20:04:00 GMTf1397696-738c-4295-afcd-943feb885714:7936http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/6776/Countries-Tastes-and-the-Value-of-Beer-Franchises-in-the-United-States.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=6776http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=6776&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/6776/Countries-Tastes-and-the-Value-of-Beer-Franchises-in-the-United-States.aspxPatrick L. Anderson and Ilhan K. Geckil A review of valuation methods in the alcoholic beverage industry.hostMon, 16 Nov 2009 15:21:00 GMTf1397696-738c-4295-afcd-943feb885714:6776http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7930/Land-Use-and-Infrastructure-Investments-by-Olympic-Host-Cities.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7930http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7930&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/AEG_Topo_OlympicLandUse_Oct12009.pdf  On Friday, October 2nd, the International Olympic Committee (IOC) will select a host city for the 2016 Summer Games. The City of Chicago has submitted an extensive and thoughtful bid book that proposes a compact games centered on the lakefront and embracing the diversity of the city. Many cities would welcome the opportunity to achieve global recognition, and while the Olympics accelerate that opportunity, not every city is well-equipped to host the Games.  Chicago has that necessary aptitude to be a host city and can take advantage of the resulting benefits.  However, to gain the optimum benefit from the 2016 Summer Olympics, Chicago must use the Games as an investment catalyst that will spearhead long-term improvements in infrastructure, new developments, and city amenities and services.   Chicago 2016’s bid book includes a thorough budget for hosting the Games.  However, it does not elaborate on costs, or revenue sources, associated with improvements to municipal infrastructure, such as roadways, airports, public transportation, public spaces, and telecommunications.  These projects are simply said to occur as part of the city’s “natural growth.” Simply following the path of natural growth, however, would result on a significant missed opportunity to fully leverage the Olympic Games.   In this paper we address the issue of long-term land-use and infrastructure projects (legacy projects) that Olympic host cities commonly undertake, and the potential economic benefit of these legacy projects. This builds upon another recently released paper on the topic of the Olympics and their economic impacts—The Likely Economic Impact of a Chicago 2016 Summer Olympics—that was authored by one of this paper’s co-authors. That paper focused solely on the economic impacts that the games, as presented in Chicago 2016’s bid book, would likely have on the city and county. This paper goes a step further and discusses strategies for maximizing public investments so that projects commissioned prior to the Olympics create long-running economic value within the city.scottWed, 30 Sep 2009 20:00:00 GMTf1397696-738c-4295-afcd-943feb885714:7930http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7770/Michigans-University-Research-Corridor.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7770http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7770&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/URC_FinalReport_Jan2010.pdfThe University Research Corridor (URC) is an alliance of Michigan’s three largest academic institutions: Michigan State University, the University of Michigan, and Wayne State University. In 2007 the URC universities asked Anderson Economic Group to undertake the first comprehensive study that benchmarks the economic impact of the URC’s activities on Michigan’s economy. AEG published the preliminary report  in May and the final report in September of 2007. The 2008 final report was the second in a series of annual reports and was also predated by a preliminary report on Alernative Energy R&D. While many benchmarks will likely not show large changes from year to year, over time these reports will reveal trends. The new 2009 report was preceded by a preliminary report on the Life Sciences industry in Michigan and benchmarks using the most recent data available. We used fiscal year 2008 (July 1, 2007 to June 30, 2008) financial data to estimate the economic impact of the URC’s operations on Michigan’s economy in 2008. In three years, the URC’s economic impact on the state’s economy has grown $1.6 billion. The rankings of tech transfer activities are based on the average of the annual data for the previous five years from the date of the report. For example, the ranking for start-up companies is based on the average number of start-up companies the URC helped start between 2004-2008. A ranking of "1" indicates the university cluster with the highest tech transfer activity for that indicator. The URC performed the best in number of patent grants awarded, ranking third in this year’s report—an improvement of two spots since 2007.  The URC had 133,469 students enrolled in the fall of 2008. The students at the URC universities are drawn from throughout Michigan and around the world. Students from the state of Michigan accounted for 77% of total enrollment in the fall of 2007, while 15% came from elsewhere in the U.S. and the remaining 8% came from other countries or territories. The URC has students from every county in Michigan, every state, and more than 150 countries. Please click "view PDF" below, for the full report.scottMon, 28 Sep 2009 12:30:00 GMTf1397696-738c-4295-afcd-943feb885714:7770http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7896/Economic-Benefits-of-the-Earned-Income-Tax-Credit-in-Michigan.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7896http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7896&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/AEG_EITC_FINAL_REVISED_Aug6.pdfThe Michigan Association of United Ways and the Community Economic Development Association of Michigan commissioned Anderson Economic Group to analyze the economic benefits to local economies of the Earned Income Tax Credit (EITC) in Michigan. This report builds upon our two previous reports and uses new data to estimate the usage of the EITC among low-income households, and the net economic impact by county due to new spending from EITC refunds.scottThu, 13 Aug 2009 13:00:00 GMTf1397696-738c-4295-afcd-943feb885714:7896http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7894/Costs-and-Benefits-of-a-Wage-Increase-for-Michigans-Home-Help-Workers.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7894http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7894&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/MQHCC_Update2009_PUBLIC.pdfThe Michigan Quality Home Care Campaign (MQHCC) is a coalition of senior citizen advocacy groups, home care providers, community groups, and religious leaders that represents the interests of state home care workers. In 2006, the MQHCC commissioned Anderson Economic Group to analyze the costs and benefits of the State of Michigan increasing the wages of Home Help workers. In that 2006 report we hypothesized that a wage increase for Home Help workers would lead to cost savings for the State of Michigan as higher wages would improve the quality of Home Help care and increase the usage of this program over more expensive state-funded nursing facility care. This update to our 2006 report analyzes whether the cost savings to the State we projected three years ago actually happened.  The State of Michigan provides long-term care (LTC) for low-income individuals through Medicaid, a program funded jointly by federal and state governments. In FY 2008, Michigan spent a majority (80%) of its LTC budget paying for care delivered in nursing facilities. The remaining LTC expenditures funded home- and community-based programs, including Home Help.  Home Help provides eligible persons in-home assistance with Activities of Daily Living (ADL), such as such as eating and grooming, and Instrumental Activities of Daily Living (IADL), such as taking medication and meal preparation. To be eligible for the program, individuals must be financially eligible for Medicaid and need help with one or more ADLs or IADLs. In FY 2008, an average of 52,623 individuals each month received care through the Home Help program. Government expenditures for Home Help were $251 million in FY 2008—12.5% of all Medicaid long-term care expenditures in Michigan. We found that the cost savings we originally projected in our 2006 report likely under-estimate the actual savings to the State of Michigan due to the increases in Home Help usage since FY 2005. Specifically we found: Participation in the Home Help program increased faster than we originally projected. The average monthly number of Home Help beneficiaries increased 16.5% from 45,166 to 52,623 between fiscal years 2005 and 2008. This meant an average annual increase in the number of beneficiaries of 5.2%, compared to the 4% we projected in 2006. Home Help is less expensive than nursing facility care. The State of Michigan spent $47,096 per year less on average providing home based care for Home Help clients than it did caring for Medicaid LTC clients in nursing facilities. While the average annual cost per beneficiary of the Home Help program increased slightly at $240, the average cost per beneficiary of nursing facility care increased significantly during the three period with the state paying $4,954 more in FY 2008 than in did in FY 2005. Administrative costs for Home Help have fallen every year since FY 2005. Administrative and case management costs per Home Help beneficiary fell from $439 in 2005 to $355 in 2008, falling in each intervening year. In FY 2008, administrative costs made up 7.4% of total program expenditures. The State of Michigan is saving more than we originally projected. Home Help is paid for jointly by federal and state governments. In FY 2008, the federal government paid 58.1% of Home Help expenditures. After updating our fiscal impact model with actual numbers of beneficiaries in each program and the cost per beneficiary, the overall government savings is likely $34.3 million in FY 2008, with $8.2 million in savings for the State of Michigan. This is higher than the original projections of $32.6 million federal and state savings and $7.6 million for Michigan’s General Fund.  While we cannot say that the wage increase by itself caused the increased usage of Home Help and the subsequent savings to the state government, a significant increase in Home Help usage has followed the wage increase. Administrative costs are down for the program and more people are using this program. These results are consistent with the reasons for expecting cost savings that we stated in our 2006 report: higher wages leading to lower turnover (lowering administrative costs) and increased usage of Home Help over more expensive nursing facility care. This clearly benefits taxpayers as the State is able to save money by increasing the usage of Home Help over Medicaid-funded nursing facility care.scottMon, 10 Aug 2009 20:58:00 GMTf1397696-738c-4295-afcd-943feb885714:7894http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7890/The-Value-of-Private-Businesses-in-the-United-States.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7890http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7890&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7890/The-Value-of-Private-Businesses-in-the-United-States.aspxThe vast majority of businesses in the United States are privately held, and approximately 99 percent meet a common government definition of "small." However, we know surprisingly little about the market values of these organizations. In this paper, we estimate the market value of privately held firms in the United States from sources on earnings, assets, and reported market value of multiple forms of business entities, including corporations, partnerships, LLCs, and sole proprietorships. We discuss various theoretical and practical methods of valuing assets, including those arising from economics, neoclassical finance, portfolio theory, and tradition. Concluding that most of them are not appropriate for valuing private firms, we use insights from dynamic programming and ratio analyses from traditional technique to produce a new estimate based on reported taxable earnings, net worth, and tax filing status. Using this approach, we estimate that privately held U.S. firms had earnings that exceeded those of publicly held firms in two recent years by a significant margin. Moreover, the market value of these firms exceeded that of publicly traded firms. We also conclude that policymakers, perhaps grossly, underestimate the true scale of "small" and privately held firms in the economy.   Information on Business Economics as well as this article can be found on NABE’s website (Vol. 44 No. 2). Or you can contact us if you are interested in viewing an author copy.scottWed, 01 Jul 2009 19:02:00 GMTf1397696-738c-4295-afcd-943feb885714:7890http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7889/Applied-Game-Theory-and-Strategic-Behavior-2009.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7889http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7889&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7889/Applied-Game-Theory-and-Strategic-Behavior-2009.aspxIlhan K. Geckil and Patrick L. Anderson This book demonstrates the use of various game theory techniques to address practical business, economic, legal, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties. scottWed, 01 Jul 2009 18:52:00 GMTf1397696-738c-4295-afcd-943feb885714:7889http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7869/Preliminary-Report-Life-Sciences-Industry-in-Michigan-and-the-University-Research-Corridor.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7869http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7869&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/URC_Life Sciences FINAL May 22nd.pdfThe University Research Corridor (URC) is an alliance of Michigan’s three largest academic institutions: Michigan State University, the University of Michigan, and Wayne State University. The purpose of this alliance is to accelerate economic development in Michigan by educating students, attracting talented workers, supporting innovation, and facilitating the transfer of technology to the private sector. In May of each year, the URC releases a report on a special topic that is important to Michigan’s economy. This summer (July 2009) marks the ten year anniversary of the founding of the Life Sciences Corridor, a collaboration among the URC universities and the Van Andel Institute, where the state committed to invest $1 billion in life sciences research and development (R&D) over a 20-year period. This report analyzes how this industry has changed since the founding of the Life Sciences Corridor, and how URC activities—research and development, education, and collaboration with private industry—support the growth of the life sciences industry.scottThu, 28 May 2009 17:35:00 GMTf1397696-738c-4295-afcd-943feb885714:7869http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7857/Market-Strategy-Witt-Property--Downtown-Riverfront-Development.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7857http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7857&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/Adrian Strategy.pdfThe City of Adrian, located in southern Michigan, is home to a historic downtown, three centers of education, and the Lenawaee County seat.  The City and its Downtown Development Authority identified two areas that were being underutilized, and retained Anderson Economic Group to develop a market strategy for both its Witt Property and the downtown riverfront. We started the project by visiting the market, interviewing key stakeholders, and inventorying local retail supply to supplement our retail database. We combined this with our quantitative analyses, including demographic projections, a drive-time analysis and trade area delineation, a retail supply-demand analysis, a consumer expenditure analysis, and a residential unit absorption assessment. We then drafted a market strategy, with specific recommendations, for each of the two properties. Our strategy included residential, retail, and entertainment opportunities, specific project types and staging, and tenant recommendations for retail space. We documented our analysis, findings, methods, and recommendations in a final report, which was delivered to the DDA and community leaders. The report included a detailed data appendix, visual examples and development options, and a concise executive summary to highlight our findings, and is available on the City of Adrian Economic Development web site, and from the link below.scottFri, 10 Apr 2009 17:42:00 GMTf1397696-738c-4295-afcd-943feb885714:7857http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7832/2008-State-Business-Tax-Burden-Rankings-3rd-Annual-Report.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7832http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7832&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/AEG Tax Burden Study 2008 Rankings.pdfThis reports contains Anderson Economic Group’s third annual state business tax burden rankings. To understand the burden taxes place on businesses in each state, it is important to look beyond the amount of tax revenue governments collect. AEG’s tax burden measure compares the amount of taxes businesses actually pay to income available to pay the tax. We consider the ratio of taxes paid to profits earned to be the best indicator of the burden of state and local taxes on employers. The rankings and other information in this report allow employers, policymakers, investors, and other stakeholders to compare the tax burdens imposed on employers in different states using a published and consistent methodology and fully disclosed data sources. Click "view PDF" below for the most recent report. Or check out our past reports, also below. 2007 State Business Tax Burden Rankings Benchmarking for Success: A Comparison of State Business TaxesscottMon, 09 Mar 2009 20:45:00 GMTf1397696-738c-4295-afcd-943feb885714:7832http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7866/Effectiveness-of-Michigans-Key-Business-Tax-Incentives-May-2009.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7866http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7866&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/MEA_TaxAbatements_Public.pdf  Effective business tax incentive programs are imperative when a state is in economic decline, when its business tax burdens are considered uncompetitive for many industries, or when state budgets are strained. Michigan suffers from all three of these conditions. It can afford to pursue only the most effective tax incentive programs. Unfortunately, there exists no comprehensive assessment of the effectiveness of Michigan’s tax incentive programs. The purpose of this report is to fill much of that gap, first by creating a systematic inventory of Michigan’s tax abatement programs, and second by evaluating the available evidence of their effectiveness in attracting and retaining businesses. The Michigan Education Association and National Education Association commissioned this report to improve the quality of the debate on business tax incentives. The report was completed by the independent consulting firm of Anderson Economic Group, LLC, which has considerable expertise in business tax policy, tax incentives, and state tax burden comparisons. Phase II of this report will be available on Thursday, March 4, 2010 at 1:30pm.   scottSun, 01 Mar 2009 19:00:00 GMTf1397696-738c-4295-afcd-943feb885714:7866http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7774/The-Cost-of-Bailout-Versus-Bankruptcy-Among-the-Big-3.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7774http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7774&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/GM_Chrysler_Exec_Summ.pdfOur experts have closely followed the ups and downs of the automotive industry, providing clients with detailed information to help them understand and plan for the resulting changes. Our industry analysis is designed to provide timely, concise, and relevant information that can help any organization—from professional investors, to retailers, to governments—understand the rapid change in the industry, and how restructuring in the industry may impact their own sales, revenues, customer base, and more.   In October, November, and December of 2008, our experts provided clients with a series of reports updating them on the economic relaities facing the automotive industry. AEG then teamed up with BBK, Ltd. in order to produce the first comprehensive analysis of the taxpayer costs of the Federal bridge financing requested by the auto manufacturers, compared with the likely costs of a bankruptcy declared by one or more of the same manufacturers.scottThu, 15 Jan 2009 19:18:00 GMTf1397696-738c-4295-afcd-943feb885714:7774http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7160/The-Economic-and-Fiscal-Impact-of-a-Proposed-Powerplant-in-Rogers-City.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7160http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7160&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/Wolverine_EconImpact_Report_FINAL_6-5-08.pdfWolverine Power Cooperative, City of Rogers City, Rogers Township, and Presque Isle County Economic Development Commission retained Anderson Economic Group (AEG) to provide an independent study...scottWed, 07 Jan 2009 11:10:00 GMTf1397696-738c-4295-afcd-943feb885714:7160http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/6785/Expanding-School-Sinking-Fund-Taxes-Infrastructure-Investment-or-Backtracking-on-Proposal-A.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=6785http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=6785&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/FINAL_sinkingfund_Public.pdfMichigan lawmakers have considered several pieces of legislation that would expand the allowable use of school debt, "sinking fund," and building & site property taxes. Such legislation presents several questions to which Michigan taxpayers should have answers.hostFri, 12 Dec 2008 15:21:00 GMTf1397696-738c-4295-afcd-943feb885714:6785http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7793/Facility-for-Rare-Isotope-Beams-FRIB-Economic-Impact-Michigan-State-University-US-Department-of-Energy.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7793http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7793&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/PUBLC for press 7-1-08.pdfOn December 11, 2008 the U.S. Department of Energy (DoE) announced that Michigan State University was awarded a $550 million grant to build a Facility for Rare Isotope Beams (FRIB). MSU’s most notable competition for the facility was the Argonne National Laboratory, located near Chicago, Illinois.scottThu, 11 Dec 2008 17:40:00 GMTf1397696-738c-4295-afcd-943feb885714:7793http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7786/Taxpayer-Cost-of-Federal-Financing-of-Auto-Manufacturers-Compared-with-Likely-Costs-of-Bankruptcies-in-Industry.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7786http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7786&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/CostCompBankrutpcy-AEGBBK.pdfThe purpose of this report is to provide policymakers and taxpayers with an objective, independent assessment of the relative cost of two possible scenarios: a bridge loan or other financing provision by the US government to the “Detroit 3” automakers, or a near-term bankruptcy by one or more of the automakers. While there are other policy issues that the auto industry and Congress should consider, the relative taxpayer cost of these two scenarios is critical.scottMon, 08 Dec 2008 13:52:00 GMTf1397696-738c-4295-afcd-943feb885714:7786http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7767/Automation-Alleys-Fourth-Annual-Technology-Industry-Report.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7767http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7767&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/AutoAlley_111208Final.pdfThe pulse of Automation Alley’s technology industry continues to beat strongly, despite a wounded economy. Yes, high fuel costs, strong competition, and legacy costs have inflicted pain on the advanced automotive sector of Automation Alley. However, the region’s technology industry has proven it can stand on its own, and advance despite the automotive industry’s struggles,   statewide economic malaise, and nationwide economic uncertainty.scottMon, 17 Nov 2008 15:34:00 GMTf1397696-738c-4295-afcd-943feb885714:7767http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7213/The-State-Economic-Handbook-2009.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7213http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7213&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7213/The-State-Economic-Handbook-2009.aspxScott Watkins and Patrick L. Anderson The State Economic Handbook is an annual reference book profiling the economy, demography, political environment, and business climates for each of the 50 states.scottTue, 28 Oct 2008 20:36:00 GMTf1397696-738c-4295-afcd-943feb885714:7213http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7189/Oakland-Countys-Healthcare-and-Life-Sciences-Industry.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7189http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7189&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/OakCo_08LifeSciHealth_public.pdfOakland County, located in southeast Michigan, was experiencing significant new developments by healthcare and life science companies, and retained Anderson Economic Group to assess the strength of its healthcare and life science industry...scottWed, 24 Sep 2008 15:45:00 GMTf1397696-738c-4295-afcd-943feb885714:7189http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7158/2007-State-Business-Tax-Burden-Rankings.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7158http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7158&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/AEG Tax Burden Study_2007Rankings.pdfTo understand the burden taxes place on businesses in each state, it is important to look beyond the amount of tax revenue governments collect and instead analyze how taxes paid by businesses compare to income available to pay the tax. The best measure of tax burden is taxes paid as share of profits, as this measure directly compares taxes paid to business income available to pay the tax.scottMon, 02 Jun 2008 19:53:00 GMTf1397696-738c-4295-afcd-943feb885714:7158http://www.andersoneconomicgroup.com/Publications/Detail/tabid/125/articleType/ArticleView/articleId/7104/Automation-Alleys-Third-Annual-Technology-Industry-Report-Driving-Southeast-Michigan-Forward.aspx#Comments0http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=125&ModuleID=411&ArticleID=7104http://www.andersoneconomicgroup.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7104&PortalID=0&TabID=125http://www.andersoneconomicgroup.com/Portals/0/upload/Doc2251.pdfThe report quantifies the size of the industry in terms of employment, establishments, and payroll. It also assesses areas of the technology industry that signal future advances, such as R&D spending and patent awards, and takes a closer look at the defense and homeland secutiry technology industryhostFri, 04 Jan 2008 16:40:00 GMTf1397696-738c-4295-afcd-943feb885714:7104