Economic and Fiscal ImpactEconomic and Fiscal Impact

Applied Economics conducts studies and develops models to measure the effects of a wide variety of activities. These activities can include new development, tourism, company expansions, annexations and a wide range of other activities.

Applied Economics has developed several products for evaluating economic development impacts on a project by project basis: an Economic and Revenue Model, as well as a more comprehensive Economic and Fiscal Model. Both types of models are customized to your location.

Economic and Revenue Model: Primarily used by state and regional organizations to quantify the results of their efforts to bring new businesses to the area. These models can also be used to measure the supplier spin-off activity that is created by a new business. The results can be used to show the impacts of a single project or a group of projects on particular region, or to calculate the return on investment for the economic development organization.

Economic and Fiscal Model: Used by cities to help evaluate the benefits and costs of company locations, expansions and exits, and to evaluate incentive offerings. Both the revenue and expenditure portions of the fiscal impact are customized to the budget and operations of your city. Because of the specificity of the fiscal impact, this model is most appropriate for local economic development organizations such as cities or chambers. Applied Economics also offers a development based fiscal impact model. Development-based impacts, such as those caused by new development, redevelopment and annexation, quantify the effect of land use, zoning and density changes on public finances.

In addition to these products, we also have performed Customized Economic and Revenue Impacts for major corporations, tourism events and attractions, universities, non-profit organizations and transportation planning agencies. We have also created customized fiscal impact analyses that include revenues as well as expenditures for city annexation areas, land use alternatives for major planned developments, and general plan updates. .

Recent Project Examples

Regional Economic & Revenue Impact Models

Local Economic and Fiscal Models

Economic & Fiscal Impact Studies