ConsultEcon Management & Economic Insight

Impact Evaluations describe how a development action or investment will affect an area's social and economic well being.  ConsultEcon has developed models for a wide variety of impact evaluations including economic impact evaluations, fiscal impact analyses, secondary (spin-off) impacts studies and community impacts and community benefits evaluations.  Many governments require economic impact studies for project approval and/or funding. 


Economic Impact Analysis

Economic Impact analysis estimates the direct and multiplier effects of an existing or new development project and its ongoing operation including expenditures, employment and earnings.  Secondary (spin-off) impacts studies consider the potential for a new development to spur nearby investment or revitalization.

Examples of this work include:

Arizona Historical Society Museum:  Tucson, Arizona
Belmont Bay Science Center:  Prince William County, Virginia
Boston Museum:  Boston, Massachusetts
Cavanaugh Flight Museum:  Addison, Texas
Connecticut River Discovery Center:  Hartford, Connecticut
Exploratorium:  San Francisco, California
Goodspeed Opera House:  East Haddam, Connecticut
Great Texas Air Museum:  San Antonio, Texas
Hip Hop Museum:  Oakland, California
Indianapolis Zoo:  Indianapolis, Indiana
Irish National Aquarium:  Dublin, Ireland
Major League Baseball Spring Training:  Lee County, Florida
Marine Life Center:  Sandwich, Massachusetts
National Museum of the Marine Corps:  Quantico, Virginia
New England Aquarium:  Boston, Massachusetts
Pilgrim Monument and Provincetown Museum:  Provincetown, Massachusetts
Railroad Park:  Birmingham, Alabama
Science Center of Tech Valley:  Schenectady, New York
Underwater World:  Singapore
University of Arizona Science Center:  Tucson, Arizona
Utah Museum of Natural History:  Salt Lake City, Utah