Economic & Fiscal Impacts
AKRF is well-known for our economic and fiscal impact modeling capabilities. We help economic development agencies, public development corporations, and private sector developers understand and communicate the value of proposed development projects in terms of direct and indirect jobs, wages and salaries, property and sales taxes, personal income and corporate taxes, and utility and special district taxes.
From small town revitalization projects to the nation’s most ambitious development projects, AKRF’s expert staff can perform a variety of impact analyses, including analyzing economic and fiscal benefits, determining the costs and benefits, and estimating the potential impact on the local and regional workforce.
We analyze and demonstrate the economic and fiscal impacts of a wide range of projects, including market rate and affordable housing, shopping and entertainment centers, office buildings, hotels, casinos, stadiums and arenas, warehouses and industrial buildings, and wastewater treatment plants, among others.
The scope of our services includes:
- Economic and fiscal impact modeling using Regional Input-Output Modeling System (RIMS) and Impact Analysis for Planning (IMPLAN)
- Cost-benefit analysis
- Cost of services analysis
- Employment and labor market analysis
- Tax Increment Financing (TIF) planning and analysis