Anderson Economic Group Work

The Value of Basic Research

Companies are paid to do construction work for a scientific project, “and then it sort of cascades throughout the region,” says Jason Horwitz of Anderson Economic Group, which regularly performs economic analyses for universities and physics collaborations. “As they hire more people, the employees themselves are probably going to local grocery stores, going to local restaurants, they might go to a movie now and then—there’s just more local spending.” 

“The actual purpose of this is not a big construction project,” Horwitz says. “It’s to do this great research which obviously has other benefits of its own, and we really don’t capture any of that.” Instead, his group appends qualitative explanations of the knowledge to be gained to their economic reports.

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