Miss the webinar for economic development in small town/rural Texas? Just feel like watching it again? You’re in luck – we recorded the webinar and have the video available for you. During the webinar, we were very fortunate to be … Read More
Best Practices
2015 Blog Posts
[av_one_full first] [av_heading tag=’h1′ padding=’10’ heading=’Impact Datasource – 2015 in Review’ color=’custom-color-heading’ style=” custom_font=’#c48236′ size=” subheading_active=” subheading_size=’15’ custom_class=”][/av_heading] [av_textblock size=” font_color=” color=”] Thanks to all of our clients and readers for an amazing 2015! We’re pumped for 2016 and have … Read More
Webinar Recap: Economic Development Incentives Process
[av_textblock size=” font_color=” color=”] Webinar Recap: Economic Development Incentives Process Did you miss it? Well, you’re in luck! Impact DataSource hosted a webinar series on the effective and judicious use of economic development incentives and we’re sharing the videos and … Read More
Economic vs. Fiscal Impacts – What's More Important for Economic Developers? For Best Results, Estimate Both
Newspaper articles and press releases often describe business location or expansion deals in terms of jobs and average pay. Sometimes the economic output, usually in millions or better yet billions, is also touted to underscore the massive economic impact of … Read More
Making Wise Decisions on Economic Development Decisions
Impact DataSource helps economic development organizations, cities and other governments make wise decisions on incentives. We recommend communities conduct an economic and fiscal impact analysis to estimate the value of the proposed project and base the incentive amount on the … Read More
Choosing a Discount Rate
Our clients often ask for guidance in choosing a discount rate for present value calculations. This post presents some background on present value and considerations to bear in mind when choosing a discount rate. A fiscal impact analysis will identify … Read More
Economic Development Incentive Decisions
Learn more about the use of local economic development incentives through our Local Economic Development Training Course. Although critics may view the use of economic development incentives as corporate welfare, local governments can improve the social welfare by supporting private … Read More
Step 1: Should an incentive be offered to this firm?
It goes without saying that incentives should only be offered to businesses that would not otherwise locate in the in absence of the incentive. Understanding the difficulties of this requirement we present additional criteria that economic development organizations (EDOs) use … Read More
Step 2: What is the appropriate value of the incentive?
Step 2: What is the appropriate value of the incentive? Once an economic development organization has determined that the business or project is worthy of an incentive offer, the organization must determine the appropriate value of the incentive. An appropriate … Read More