Helping Government and Industry Maximize Their Potential
analysis of economic development proposals
- Decision-enhancing analysis pinpoints costs and benefits
- Support for government and business
- Customized economic research
communication and accurate information are essential in any public-private
especially true in negotiating the maze of economic development programs
and policies available in nearly every community in the country. Governments'
well-intentioned efforts to attract new business to their communities
can backfire when businesses don't meet their own expectations. Often
firms may not be able to maximize the potential of the very programs
designed to help them. In today's complex and fast-changing economy,
business and government must work together to find clear and effective
solutions to a variety of important challenges.
Economics Group, Inc. (AEG) can help businesses work with state and
local government and economic development agency officials to construct
the best package of incentives for both the firm and the community.
Our exclusive tools can clearly explain how adding an enterprise will
impact local employment, taxes, and even the existing business community.
With our unique ability to analyze economic issues clearly and communicate
results effectively, we can help both government and industry create
team of skilled economists and economic development professionals assist
your organization in successfully negotiating the maze of economic development
programs through the following services:
and Policy Model
Our economists, working with economic development experts, have created
an online economic development forecasting model. This turnkey system
allows firms seeking economic development benefits or governments analyzing
the potential of a specific project to quickly and clearly determine
both the cost savings for the enterprise and the impact on the local
community. Our model forecasts changes in employment, changes in sales
of other firms, changes in tax collections, and impacts on local property
values. Just enter basic information on an easy-to-use screen, and our
software will deliver a clear and concise report suitable for presentation.
This system is available for single use or by subscription.
AEG is an expert at economic impact modeling, and our models are considered
among the finest in the industry. We have conducted major economic impact
studies for a wide range of industries and canthrough our exclusive
BriefingsNet calculatorsbring the analysis to life. We will
turn what can often be a large, cumbersome report into a dynamic and
flexible tool to clearly and effectively answer a wide range of economic
questions. AEG's models calculate the full economic significance of
an industry or large corporation, including elements that other researchers
often omit. We measure the employment, sales, and income that an industry
generates and present this information by state, county, or legislative
district. In addition, we calculate the state and local tax revenue
derived from all aspects of an industry's operations and from its employees'
AEG specializes in investigating the implications of tax policy on various
segments of the population and the business community. Our analysis
clearly pinpoints how different tax policies affect local communities,
constituencies, and industries. Governments use this analysis to design
efficient tax systems. AEG's customized models generate comprehensive
quarterly forecasts of collections from a state or municipality. You
may input your own economic assumptions or automatically drive the models
with AEG's state and local economic forecasts. Either way, our approach
forecasts your entire revenue structure consistently and accurately.
AEG is experienced in developing clear and effective research and communication
tools on issues related to the energy, transportation, consumer products,
government, education, tourism, and communication industries. Clients
have used our research to reduce hotel occupancy taxes, eliminate marketing
restrictions, and reform tax systems. AEG uses a large-scale input-output
model that tracks the economic relationships among industries, businesses,
consumers, and government. We calculate the direct impact (your own
production), the indirect impact (inter-industry purchases in response
to this production), and the induced impact (household spending of all
direct and indirect employers and owners). You can find allies by using
these results to determine which other industries are affected by your
activities or face similar issues.
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