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Solutions For Economic and Fiscal Impact

As a leading provider of economic and fiscal impact studies we are uniquely qualified to assist a wide variety of clients including state and local governments, school districts, institutions, associations, companies, and real estate developers. We have a proven track record of gathering information efficiently, employing state of the art techniques and offering cutting edge analysis and interpretation.

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Regional Impacts of University of Pennsylvania

Our team was commissioned by the University of Pennsylvania (“Penn”) to measure and articulate the depth and breadth of the university’s economic impact.

Penn’s status as one of the world’s top educational institutions makes it an anchor institution and key economic player in the City of Philadelphia, the Philadelphia metropolitan region, and the state of Pennsylvania. Not only does it yield significant value to its students and graduates, but to the regional and state economy.

Our report also included how the university achieves its impact.

The economic and fiscal impacts were estimated for the following categories:

  • Operations
  • Capital investments
  • Student and visitor spending
  • Wage premium
  • Global engagement
  • Local impacts

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Choosing The Best Mix of Taxes For Philadelphia

Our team was retained by the Philadelphia Tax Reform Commission (TRC), to conduct an econometric study of the likely impacts of proposed changes in the wage, business, and property tax rates of the City of Philadelphia.

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High-End Real Estate Investment Study

Our team was retained by Boardwalk Florida Enterprises, LLC, an affiliate of BET Investments, Inc. (“BET”), to analyze the appropriateness of developing a high-end residential real estate investment on a two-and-a-half acre parcel of ground, owned by BET, adjacent to the Boardwalk and the Convention Center in Atlantic City. The report presented an analysis of the potential benefits associated with the introduction of (establishment of) a proposed property tax incentive program to encourage this project along with new residential real estate investment in general for Atlantic City, relative to a “minimal improvement” scenario.

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Proposed Marshall's Corner/Pennytown Project Hopewell Township

Under New Jersey rules and regulations, Hopewell Township was required to meet its historical obligation of affordable housing units. This project estimated the net fiscal impacts of the proposed Pennytown Project at stabilization. Pennytown includes 295 market-rate units and 70 Council on Affordable Housing units that incorporate various facilities for community
uses, retail establishments and professional services.

An analysis of the township’s fiscal system showed that despite the recent recession and employment benefits growth outpacing inflation, the township was successful in controlling per-capita costs at the pace of inflation.

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