SHEDC provides economic and fiscal analysis to quantify and qualify the impact a project would have on a given area. This allows for a true assessment of the return on investment that communities and states are asked to make in economic development projects by way of various incentive programs.
For such analyses SHEDC partners with our ally Henry Lowenstein, Ph.D. of Research and Consulting. Using a proprietary model, Dr. Lowenstein analyzes each specific element as defined by the project. The analysis typically includes:
Economic impact of the estimated construction cost of the completed project
Economic impact estimate once the project is built and functioning
Estimated per capita fiscal impact based on employment in the project
Additional components are included as dictated by the project and the client.
Our clients have included a global fashion and home furnishings corporation, units of local government, private developers, and non-profit economic development organizations. The resulting reports have been used for various purposes but, in essence are to show the initial and long-term value of the project to the community in which it is located.
Examples of Clients for ROI/Economic and Fiscal Impact Analysis Include:
