The information
produced by the model can be used government policy decisions, public relations
purposes, or to demonstrate the value of economic development efforts. The Fiscal Impacts
Model is typically useful to those involved in economic development. Such
users include:
- Economic development
agencies
- Developers
- Business Owners
- City/town
governments
- Chambers of
Commerce
- County governments
- State governments
- Tourism agencies
- School districts
The user can answer
questions like:
- How many new
jobs will a business create in my local economy?
- How much tax
revenue will a company generate for local governments?
- What is the
impact of a new or existing business by community?
- What are the
benefits to surrounding communities?
The primary benefits
of the model results:
- Evaluate what
new and existing jobs mean to your community
- Determine
the impact by industry
- Calculate
the impact by community
- "WHAT IF"
Analysis for Economic Development Policy
- Quantify the
impact of your business retention and expansion efforts
- Help justify
your annual budget or justify a specific project
- Help make
case for budgetary expenditures
- Help the public
understand the benefits of a proposed development
- Help a developer
obtain entitlements or incentives
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