Benefit-Cost Analysis

Urbanomics is up to date with the requirements of the Federal Benefit-Cost Analysis Guidance for Discretionary Grant Programs for the 2022 Infrastructure Investment and Jobs Act.

 

We are highly proficient in evaluating the costs and benefits in terms of economic and fiscal impacts of policy, capital investment and operations using the industry’s most popular input-output economic modeling software including IMPLAN, RIMS II and REMI. Input-output modeling provides the ability to trace spending through an economy and measure the cumulative effects of that spending. I.e., the ripple effects of spending throughout the economy measured in terms of local business revenues, GDP, jobs and wages.  We also prepare custom fiscal analysis models for use in determining municipal tax benefits of projects tailored to each of our clients in order to ensure flexibility to reflect the diversity of local tax situations and to allow for a transparency of the modeling process. These taxes may include property tax, retail sales and hotel taxes, as well as estimated income tax for new households in residential developments. Further impacts that we have included in BCAs are travel-time savings, prevention of loss of life/injury, as well as the more qualitative implications to valued social and cultural functions and institutions or timeline for completion.

The final part of the cost/benefit analyses services is the presentation of the results. In most circumstances, the cost/benefit analysis is a decision-making tool to be used by committees who may not be versed in the subject matter or methodologies used. Urbanomics’ cost/benefit deliverables generally take the form of short, easy-to-understand memoranda or illustrative presentations to our clients, presenting the final results as key points, then supported with a description of the assumptions, source data and methodology.

East Harlem Resiliency Plan Benefit-Cost Analysis

New York City Department of Parks & Recreation

Graham Windham School Redevelopment Benefit-Cost Analysis

Gotham Organization

Vision42 Economic Impacts Studies & Financing Plan

Vision42

Imperial Schrade Market Analysis & Fiscal Impacts Analysis

Ellenville Development Partners

Trans Hudson Commute Capacity Study

Port Authority of New York & New Jersey

Glen Cove BOA Market Analysis

City of Glen Cove

Riverside Revitalization BOA

Renaissance Downtowns

Sing Sing Prison Museum Impacts Analysis

Historic Hudson River Towns

Gardens At Harriman Station Market Analysis & Impacts Analysis

Gardens at Harriman Station, LLC

New York Construction Outlook Annual Series 2001-2017

New York Building Congress