Projects with new capital investment and new jobs have effects upon the local and state economies beyond the project site. Additional economic activity represents the increased sales by direct suppliers, service providers, community retail establishments, and all other community businesses supported by the new workers, increased income, or higher tax collections. Additional fiscal impacts can be measured by forecasting all new direct tax collections. Our economic and fiscal impact calculations demonstrate the positive impacts that new business and tourism investments have upon the region and the state. We are able to estimate the following long term economic and fiscal impacts upon the local and state economies:
Our impact analyses typically provide estimates over a ten year period, but can be adjusted to reflect any time period that is deemed appropriate. Our analyses utilize the most recent set of multipliers from the Minnesota IMPLAN Group and methodologies that are widely accepted by public authorities. All fiscal estimates are in 2011 dollars and, thus, not inflated. The revenue estimates are based on current city, county and state tax rates. Data sources for tourism estimates include Smith Travel Research, Northern Arizona University, and other tourism related sources.
3250 E. Kino Ave 2nd FL
Kingman, AZ 86409