Investment yields impact. Using our tools and techniques, Boyette models your investment to describe your organization’s footprint within a geography.
Boyette conducts an Economic Impact Evaluation & Analysis through one of two avenues; we may analyze the impact of your company’s actual new investment and job creation or use hypothetical scenarios to make the case for your business during the Incentives Negotiation process. The input-output model below provides a descriptive analysis of your project’s potential return on investment (ROI). Results of the analysis will reveal local and state taxes generated by new investment and jobs, as well as the indirect and induced impacts of the investment on other industries in the geography.
“While we can capture some numbers [for the economic impact], we will never capture, in my opinion, the true total impact that [the Clinton Presidential Center] has had.”
– Jay Chesshir, President, Little Rock Regional Chamber of Commerce
Assessing the economic impact of a venture in a community, region, or state is always valuable.
Assessing the economic impact of a venture in a community, region, or state is always valuable. A new development in a geography may create a ripple effect, impacting the region’s economy and lives throughout the community.
The Boyette Impact Evaluation and Analysis process synthesizes qualitative and quantitative measures, ensuring that all direct impact and social considerations are evaluated. Our team customizes our Impact Analysis services for each unique client or project. We model a wide range of economic impacts, including but not limited to job creation, labor income, tax benefits, cultural amenities, and placemaking.
Boyette has extensive, unparalleled consulting experience; we have maximized economic development programs ranging from regional communities and state agencies to electric utilities and private companies. Coupling our strong knowledge base with our economic impact modeling expertise, we build a bulletproof analysis that tells the best story for your business, economic development project, non-profit organization or other measurable catalyst.
Contact us today to learn more about our Impact Analysis services.
“Boyette’s development of our very first Strategic Growth Plan and their Economic Impact Evaluation and Analysis work have enabled the Little Rock Port to have unprecedented job creation, investment, and activity.”
– Bryan Day, Executive Director, Little Rock Port Authority