Community and Economic Development

In today’s dynamic economy, community leaders are constantly challenged to identify opportunities to build strong communities, atract employers, and maintain high levels of service despite limited resources.

Our team provides community leaders and economic developers with a thorough understanding of their regional economy and the direction it is headed. Our services help guide decision-making, provide strategies to catalyze growth, and reveal economic and fiscal trends that will shape the community of tomorrow.

Community and Economic Development Services

AEG's consulting team provides communities and economic development organizations with a wide range of services, including:

  • Economic Growth Strategies
    We develop these strategies for municipalities and economic development organizations to help steer efforts in strengthening the local economy. These studies will provide a better understanding of the local economy and what factors influence job growth, taxes, and employment. AEG will identify ways to stimulate economic growth, leverage private investment, attract and retain employers, and create more vibrant business climates.
  • Economic and Fiscal Impact Studies
    Our economic impact studies quantify the employment and earnings impact of projects, developments, policies, and events. We carefully identify net new impacts so stakeholders understand the true effects on the local economy, including the amount of economic activity that may be substituted or displaced. Our fiscal impact studies forecast impacts on tax and fee revenues and the cost of public services including utilities, roads, parking, police, and emergency services. Again, we carefully consider costs, substitution, and displacement to provide a net fiscal impact that illustrates the “bottom line” for a jurisdiction.
  • Real Estate Feasibility and Strategies
    We work with economic developers in communities of all sizes to provide strategies for improving vacant or underutilized parcels, creating vibrant commercial corridors, and improving neighborhoods through economic planning.  Our feasibility studies address retail, commercial, residential, and mixed-use projects and determine their viability in a given market.  Through a rigorous supply and demand analysis, we identify the optimal volume, sizes, formats, and price points.
  • Downtown and Community Market Strategies
    We work in communities across North America to provide strategies for attracting and retaining businesses and residents to build a strong community or downtown core.  These strategies can focus on improving shopping districts, economic revitalization, residential mix, business recruitment and retention, economic diversification, or creating regional attractions.
  • Industry Studies and Benchmarking
    These assessments allow communities and economic developers to better understand an industry’s size, strengths, trends, and overall role in the regional economy.  We can determine industry employment, average wages, growth and contraction trends, strengths and weaknesses, economic and fiscal impacts, and measure the industry’s potential for growth, both with and without incentives.
  • Highest and Best Use Studies
    We help communities make important decisions on vacant or underutilized parcels or redevelopment areas by determining their highest and best use.  We focus on site and locational attributes, market supply and demand, and the range of desired uses.  We also use a number of analytic approaches, including site selection, location analysis, pro formas, and supply and demand studies.
  • Regional Economic Assessments and Strategies 
    These analyses of a region’s economy and demography identify opportunities to leverage strengths, diversify the industry and residential base, and overcome obstacles to growth. This allows local, regional, and state agencies to undertake targeted economic development strategies, make more informed planning decisions, and proactively address challenges.
  • Demographic and Economic Assessments 
    These assessments provide a close look at the current and projected demographic and socio-economic characteristics of any community, school district, county, or other defined geographic area. The focus of our analysis can be tailored to fit specific needs, such as estimating population levels, demand for schools, or a tax base.  
  • Market Snapshot Reports
    These reports are a consice analysis of your business' or organization's trade area demographics. For more information please visit our Market Snapshots Reports webpage.

In all of these service levels, we are able to collaborate with professional planning firms to help guide master plans, future land use plans, corridor studies, and related projects. Please see “featured work” on the right side of the screen for specific examples of our work in this field.

Anderson Economic Group as leading experts in Economic Development Strategy. Their team has been doing Economic Development Strategy for many years and have had success with many clients in Michigan and many other states. Economic Development Strategy are a core expertise and we strive to be industry leaders.