Fiscal and Economic Impacts Analysis
Public involvement in economic development, housing construction, labor force improvements, and infrastructure investment should always be accompanied by strict measures of fiscal and economic impact. Development Strategies models and analyzes the benefit and costs of planned developments determine whether expended public dollars will generate even more public revenues over time. Likewise, Development Strategies also models the multiplier impacts of major private investments to determine the long-range benefits for the entire economy (jobs, incomes, tax revenues).
Almost all private investment in community growth also involves the public sector. Public officials must approve development projects in accordance with city plans and development regulations. Roads and other infrastructure may be needed, or they may be stressed by new growth. Cities have vested interests in redevelopment projects so that distressed areas become vibrant again. Even without public dollar incentive programs, Development Strategies helps communities understand the fiscal and economic benefits of moving forward—or not—in community, economic, and real estate development.