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You Should Know the Economic Impact

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How often have you. . . Heard a company press on a city or county to make a decision based on their economic impact locally, but without any data? Considered incentives for an economic development deal without knowing more than the number of jobs and total investment as given by the company? Lacked specific information on the projects your economic development group helped support? Had a developer tout the economic benefits of their proposed speculative building, but not have data to back it up? In every case, it is important to have this data: To help prioritize how to invest your resources To ensure incentives are based on a ROI to your community To prove the effectiveness of your EDO Our firm helps our clients (cities, EDOs, companies) with the analysis of the economic impact.  Relying on RIMS II multiplier data from the BEA, we can determine the direct, indirect and induced impacts of a project (or projects) on jobs, economic output and wages. Contact us and let us help you determine the impacts of your next project.   Continue reading

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City Led Direct Petition Method Annexation?

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Did you know that the Municipal Research & Services Center (MRSC) of Washington has advised cities that they can provide direct support and resources for direct petition method annexation?  See MRSC comments here. This has often taken the form of an “annexation coordinator” staff position (as in the case of the City of Lake Stevens back in 2005 to 2007). HOWEVER, our firm believes this CAN include hiring a consultant to help a city pursue a direct petition method annexation, including identifying annexation areas, performing initial outreach to residents of the area, signature gathering and even processing the annexation through a boundary review board. Recently, we’ve helped private landowners complete annexations, including a 100+ acre annexation in the City of Lake Stevens.  Learn more Here’s a brief presentation of the how, why and cost of hiring a firm like ours to help with annexation: Continue reading