| Economic
Impact Analysis |
||||
| Model
Name |
Model
Description |
Source Agency or Organization |
Geographic
Coverage |
Frequency |
| Minnesota IMPLAN Group, Inc. | IMPLAN
offers software and data to run economic impact analysis and the flexibility
to create a region of study. They also offer individual multiplier reports,
in their "other products" section of the website. |
Minnesota IMPLAN Group, Inc: http://www.implan.com/index.php | National,
State, County, Zip Code |
Annual,
fee-based |
| RIMS II Regional Input-Output Multipliers | RIMS II
multipliers can be estimated for any region composed of one or more counties
and for any industry, or group of industries, in the national input-output
table. Also includes a windows-based software program that allows users
to view the tables. |
Bureau of Economic Analysis: http://www.bea.gov/bea/regional/rims/ | National, State, County, Zip Code | Annual, fee-based |
| Regional Economic Models, Inc. (REMI) | The REMI
Policy Insight model can generate year-by-year estimates of the total regional
effects of any specific policy initiative. The model is available in single-
and multi-area configurations. Each calibrated area (or region) has economic
and demographic variables, as well as policy variables so that any policy
that affects a local economy can be tested. |
Regional Economic Models, Inc. (REMI): http://www.remi.com/ | National, State, County, Multi-area | Annual, fee-based - can be purchased or leased |
| Fiscal Impact Tool | The Federal Reserve Fiscal Impact Tool is available in the form of an Excel workbook, for estimating the effects of proposed economic development projects on local sales and property tax revenues and on costs to local government. The estimates are based on user-provided information about the project (such as location and number of jobs) and the locality (such as tax rates and one-time government costs). | Federal Reserve Board: http://www.federalreserve.gov/forms/fiscalimpactrequest.cfm | Multi-state models are available that coincide with the Federal Reserve District Banks. A Virginia model is also available that covers all of the counties and cities in Virginia. | Annual updates, free by request from the Federal Reserve Board |