Economic Impact - Siting Facilities

Contents

• About This Page
• Economic Analysis – Input Output Models
• Bibliographies
• Economic Impacts of Specific Projects - Studies
• Locating State Facilities in Downtowns - Policy

About This Page

This page is intended to provide an overview of the tools used to determine the impact on the local economy of a new facility, industry, or business that generates revenue.  In addition to developing strategies to attract new business, a community needs to know what the costs and benefits are to the community.  Economic impact studies are generally done by consultants using various methods that employ economic multipliers.  This page includes an explanation of some of these methods and links to sample studies.  The resulting studies are dependent on several variables and may be subject to criticism.  The citations to reports are presented as illustrations, and have not been evaluated by MRSC staff.  

Economic Analysis – Input Output Models

• 1997 Washington Input-Output Model with Updates - Office of Financial Management
• Coping With Change: Economic Impacts What An Impact Statement Says -  Originally prepared in 1980 by Ronald C. Faas, Extension Economist Washington State University Revised March 1994 by Dave Holland, Regional Economist Washington State University, Michigan State University Extension 
• Economic Impact Analysis: A Look at Useful Methods (via Find It),  by Hans Vogelsong, and  Alan R. Graefe,  Parks & Recreation,  March, 2001 also  MRSC Library Loan
• Economic Multipliers and Local Economic Impact Analysis by David Kay - Community and Economic Development Toolbox, CaRDI Cornell Community and Rural Development Institute and Pennsylvania State University Cooperative Extension
• The Fiscal Impact Handbook: Estimating Local Costs and Revenues of Land Development, by Robert W. Burchell and David Listokin, The Center for Urban Policy Research, Rutgers - The State University of New Jersey, 1978.  MRSC Library Loan
• Introduction to Cost Benefit Analysis - Thayer Watkins Applet-Magic  (Watkins teaches economics at San Jose State University See Biography)
• Local Income Multipliers - Thayer Watkins Applet-Magic  (Watkins teaches economics at San Jose State University See Biography)
• Impacts of Development Checklist -  Minnesota Department of Employment and Economic Development 
• Measuring the Economic Impact of Projects and Programs: A Primer on Economic Analysis ( 55 KB), by Glen Weisbrod and Burton Weisbrod, Economic Development Research Group, Boston, 1997
• Minnesota IMPLAN  Group Economic Modeling System
• Multiplier Analysis for Agriculture and Other Industries, Booyong Song et al., Oklahoma Cooperative Extension Fact Sheet, F-821 
• The New Practitioner's Guide to Fiscal Impact Analysis, by Robert W. Burchell, David Listokin and William R. Dolphin,  The Center for Urban Policy Research, Rutgers - The State University of New Jersey, 1985.  MRSC Library Loan
• Using Economic Impact Models as an Educational Tool in Community Economic Development Programming: Lessons from Pennsylvania and Wisconsin, Martin Shields and  Steven C. Deller, Journal of Extension, Volume 41 Number 3, June 2003,  U.S. Cooperative Extension System

Bibliographies and Lists of Consultant Reports

• Economic Development Research Group (EDR) Library - Articles on Economic Development and Impact Analysis
  • Basic Concepts in Economic Impact Analysis 
  • Specialized Benefit-Cost Guides 
• Minnesota IMPLAN Group  Literature Search Page
• Reports by Consultants
  • EconNorthwest - Economic Impact Reports ( 129 KB)
  • Economic Research Associates - ERA Issue Papers
  • Dean Runyan Associates -  Travel and Tourism Impact Analysis

Economic Impacts of Specific Projects - Studies

• Art and Culture
• Arts & Economic Prosperity III: The Economic Impact of Nonprofit Arts and Culture Organizations and Their Audiences, Americans for the Arts, 2007  - The  most comprehensive study of the nonprofit arts and culture industry ever conducted in the U.S.. It documents the economic impact of the nonprofit arts and culture industry in 156 communities and regions (116 cities and counties, 35 multi-county regions, and five states), and represents all 50 states and the District of Columbia
• Arts Fuel Bellingham Economy - Bellingham
• Arts and Economic Prosperity III ( 588 KB)  - 2005 American's for the Arts Study
• American Association of Community Theater  Economic Impact Links
• Economic Impact of Nonprofit Arts Organizations and Their Audiences - Americans for the Arts
• An Economic Impact Study of Arts and Cultural Organizations in East King County Washington, prepared by William B. Beyers, 2003
• Economic Impact of the Arts -  Florida Division of Cultural Affairs
• The Economic Impact of Museums and Cultural Attractions: Another Benefit for the Community (122 KB) Billy Kinsey, Jr.,  VCU Center for Public Policy Presented at the Annual Meeting of the American Association of Museums Dallas, Texas,  May 14, 2002
• Impacts of Arts Facilities  - Economic Development Research Group (EDR) Library
• Educational Institutions
  • Colleges, Universities and Economic Development - Economic Development Research Group (EDR) Library
  • The Economic and Social Impact of Washington State University
  • The Economic Impact of Community and Technical Colleges in Washington State ( 34 KB) - Washington State Board for Community and Technical Colleges
• Prisons and Jails
  • The Development of Last Resort: The Impact of New State Prisons on Small Town Economies
    ( 145 KB), by Terry L. Besser and Margaret M. Hanson, Iowa State University
  • Issues in Siting Correctional Facilities ( 70 KB), U.S. Department of Justice National Institute of Corrections, An Information Brief, 1992
  • Regional Spotlight: Central Minnesota - Being a Good Neighbor: The Economic Impact of Rush City Prison, Minnesota Review, November 2000. 
  • The Economic Impacts of the Prison Development Boom on Persistently Poor Rural Places ( 140 KB), by Tracey L. Farrigan, and Amy K. Glasmeier, Department of Geography, The Pennsylvania State University
• Tourism
  • Dean Runyan Associates - Travel and Tourism Impact Analysis
  • The Economic Benefits of Bicycle- and Pedestrian-based Tourism, and the Economic Impacts of Trail Development - National Center of Bicycle and Walking, 2002 
  • Economic Impact Analysis: A Look at Useful Methods, by Hans Vogelsong, Alan R. Graefe 
    Parks & Recreation, March, 2001 via FindArticles.com  Also available on MRSC Library Loan
  • The Economic Impact of Protecting Rivers, Streams,  Rivers, Trails, and Greenway Corridors: A Resource Book, Rivers, Trails and Conservation Assistance, National Park Service 1995, Fourth Edition, Revised
  • The Economic Impact of Visitors to your Community, prepared by George Goldman, Anthony Nakazawa, and  David Taylor, University of Fairbanks Cooperative Extension, December 1994 WREP-00144 
  • Economic Impacts of Recreation and Tourism -  Michigan State University, Department of Parks, Recreation and Tourism
  • A Guide for Undertaking Economic Impact Studies: The Springfest Example (112 KB), by John L. Crompton, et. al., Journal of Travel Research, August 2001
  • A Review of Economic Impact Study on Sport Events, Soonhwan Lee,  The Sport Journal, Vol.4, No. 2, Spring 2001
• Sports Facilities
  • A Decade of Research on Sports Stadiums, compiled by John W. Skorburg, Budget & Tax News (Heartland Institute), February 1, 2005 (List of Cato Articles)  
  • Identifying the Real Costs and Benefits of Sports Facilities (186 KB), by Tim Chapin, Lincoln Institute of Land Policy Working Paper © 2002
  • The Stadium Gambit and Local Economic Development, by Dennis Coates and Brad R. Humphreys, Regulation,  Volume 23, No. 2, 2000,  Cato Institute
  • Upon Further Review: An Examination of Sporting Event Economic Impact Studies, The Sports Journal, vol 5, No .1, 2002
• Other
  • Economic Impacts of Film and Video Production in Washington State ( 345 KB), A Report for the
    Washington State Film Office by EconNorthwest, 2003
  • Economic Impact of Washington's Airports, Department of Transportation

Locating State Facilities in Downtowns - Policy

• State Agency Locations, prepared by National Trust's State and Local Policy program for the National Trust for Historic Preservation, 2003, CaRDI ToolBox Web Site - Lists state Activities for California, Massachusetts, Maryland, Vermont, Indiana, Oregon, Pennsylvania, and Federal Agencies
• State Agency Locations: Smart Growth Tools for Main Street ( 167 KB) - National Trust  for Historic Preservation
• California Executive Order D-46-01, October 2001  in Appendix to Building Better Buildings: A Blueprint for
  Sustainable State Facilities -- re: siting of state offices in central business districts or "downtowns" 
• State of Maine, 119th Legislature, Final Report of the Task Force on State Office Building Location, Other State Growth-related Capital Investments and Patterns of Development ( 236 KB),  January 2000
• Missouri, Governor's Executive Order 01-22 - Historic Building Preference 
• Vermont Division for Historic Preservation,  Benefits for the Downtown District