Economic/Fiscal Impact Calculations

What effect will your project or business have on the Mohave region’s economy?

We can show you!

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:

Employment - Direct, indirect, induced, and construction period job creation and retention:

• We estimate the primary jobs and the secondary job impacts of the retained and created employment from specific industry classifications. We also estimate the construction period employment impacts.

Earnings - Direct, indirect, induced, and construction period earnings generation and retention:

• We estimate the primary employee earnings and estimate the secondary earnings impacts of the retained and created employment from specific operations. We also estimate the construction period earnings impacts.

Economic Output - Economic output generated by new or existing operations across all industries of the local and state economies:

• Each operating establishment generates economic output in the form of inputs required from operations of other industries within the economy. We estimate that total economic output generated across all industries within the state and local economies as a result of the primary establishment.

Fiscal - Direct, indirect, induced, and construction period local and state tax generation and retention:

• We identify the direct taxes generated by a specific operation and estimate the indirect and induced taxes generated as a result of the operation.

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.