Economic Impacts
Economic impact analysis is an analytic approach used to assess the measurable public costs and benefits resulting from a project or a policy.
This type of analysis can be used to evaluate the impacts of a new plant relocating to a community, to assess the effects on a community or region of a major employer ceasing operations, to evaluate competing projects seeking subsidies or incentives, or to evaluate the performance of an economic development program or industry sector.
Using input/output models of the Connecticut economy and other analytic tools, CERC can work with your organization to fully understand the economic impact of a project on your community or region. CERC staff have extensive experience with this type of analysis, including the following projects:
- Closing of the Groton sub base
- Relocation of Swiss Bank
- Proposed relocation of Morgan Stanley
- Shutdown of the Stratford army engine plant
- Analysis of various tax policy changes
- Long Wharf mall analysis
- Numerous other industry group analyses
For more information on how CERC can help you with an economic impact analysis, call 860-571-7136 or e-mail Jeff Blodgett, Vice President of Research.