Economic and Fiscal Impact
Our economic impact analyses studies help policy makers, businesses, and community members understand how a business, project, policy change, or special event has affected or will affect jobs and earnings for local residents, and sales for local businesses.
We are careful to identify only the net impacts, so stakeholders can understand the true effects on the local economy, after accounting for economic activity that might 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
Economic and Fiscal Impact of the Sanford Underground Research Facility
South Dakota Science and Technology Authority, April 2021
We obtained data on capital and operations spending for FY 2020 to 2029, along with data from Fermi National Accelerator Laboratory (Fermilab) on expenditures for the Long-Baseline Neutrino Facility (LBNF) at SURF. Additional data on visiting researchers was used to estimate SURF visitor spending. We then constructed a custom input-output model to estimate the net impact of operations, capital, and visitor spending on output, earnings, and employment in South Dakota. We further constructed a fiscal impact model to estimate increased state and local tax revenues.
The Economic Impact of Michigan’s University Research Corridor (12th edition)
University Research Corridor, May 2021
Evaluated the impact of Michigan’s University Research Corridor (URC), an alliance of Michigan’s three largest public universities, on spending and employment in Michigan. Accounted for university operations, student spending, and incremental increase in alumni earnings. Estimated the impact of the URC on state tax revenues. Compared the URC to peer university clusters on education, research, and technology transfer metrics.
The Economic Impact of the Barack Obama Presidential Library in Chicago
University of Chicago, May 2015
Performed extensive research on the attendance and operations for other presidential museums across the country. Estimated the potential attendance to the Obama Library, as well as the net economic impact the library would have on the city due to construction, operations, and the attraction of new visitors.
Our economic impact experts
Anderson Economic Group
Anderson Economic Group Consultants are real people analyzing real world data.
We work one on one with you to identify unique challenges and apply industry expertise to solve your most complex business problems.