Economic &
Fiscal Impact Assessments

Economic Impact Analysis helps organizations measure the value of their sales, employment, operations, visitor spending, and capital investments on the local economy. By examining direct spending and how those purchases ripple through the economy as both indirect and induced effects, Urbanomics applies industry-leading input-output models to quantify the impacts of actions or events at the zip code, county, or regional level in terms of employment, value-added, and GDP.

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Fiscal Impact Analysis estimates the potential tax revenues (e.g., property, sales, and corporate taxes) and public service costs associated with constructing a building, operating a facility, or providing a service. For tax-exempt organizations, fiscal contributions are often assessed through visitor spending at both the client organization and surrounding local businesses.

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Our experience includes socioeconomic analysis for CEQR and SEQRA submissions, ranging from small-scale developments to large-scale rezonings, such as the East Midtown Rezoning Revisions EIS. We have also conducted FEMA-based Benefit-Cost Analyses for resiliency projects and assessed infrastructure investments through value-capture analysis.

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A particular area of focus for Urbanomics is quantifying the number of public school students likely to emerge from multifamily developments. Recognizing the sensitivity of this issue, we work closely with municipalities and school districts to test Rutgers and PUMS multipliers against actual school enrollment data, ensuring a transparent and mutually beneficial impact assessment.