I. Title of Program or Issue: 
Economic and Fiscal Impact Analysis

A. Situational Statement: 
Local leaders and economic development groups are often asked to provide information on the employment, income, tax revenue, and public expenditure effects of particular projects.  Evaluating community impacts of particular projects is complex because the many sectors of the local economy are linked to each other.  Economic impact analysis measures these linkages and provides project impact estimates.  Fiscal impact analysis focuses on the effects on local government revenues and expenditures that are far more detailed than is possible in a "back-of-the-envelope" analysis.  Such estimates can assist in setting priorities for public investment and in obtaining support for projects. 

B. Description/Educational Objectives:
This project assists communities in determining the likely employment and income impacts of major changes in the community.  Examples of changes that can be analyzed include the following: expansion or closing of a manufacturing firm; environmental controls such as effluent restrictions; highway development; and other changes.  In addition, industrial targeting focusing on supplier and purchases linkages to local firms can be provided. 

C. Suggested Time Required for Program: Approximately 3 months

Suggested Time of Year: Year around 

D. Audience and Level of Offering such as: Individual , Client, County, Multi-County, District, Statewide. 
Audience: Officials in towns, cities, and counties; local economic development groups; private sector firms associated with major projects or changes.
Level of Offering: Statewide

E. Teaching Methods, Resources, Costs:
Resources: none
Cost: The first four projects will be undertaken annually at no charge to the communities involved.  Other requests will be considered for a fee on a case-by-case basis. 

F. Contact Person(s) and Location: 
Dr. David S. Kraybill, Community Development Economist, 2120 Fyffe Road, Columbus, OH 43210.  Phone 614-292-8721