Industry Expertise
Economic and Fiscal Impact
Our economic impact analysis studies help policymakers, business leaders, and community members understand how a business, project, policy change, or special event affects the community through jobs and earnings for local residents, sales for local businesses, and other important economic metrics.
AEG economic and fiscal impact analyses help stakeholders understand true impacts on the local economy. We are careful to include all investments and benefits from the outset, as well as account for economic activity that might be substituted or displaced, thus arriving at a net calculation with unmatched accuracy.
Our fiscal impact studies analyze the effects of a project on tax and fee revenues, along with related costs for public services that include utilities, roads, parking, police, and emergency services. Again, we carefully consider not just the additional revenue, but also substitution and displacement. While these calculations can seem complex, we provide clear, concise explanations that communicate the net new fiscal impact in a manner that is easily understood by all of your audience.
Project Spotlight
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 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.