Powerful findings deserve to be powerfully communicated. We dynamically tailor project deliverables to meet our clients’ needs and effectively “tell the story.”
We tackle the hard questions. Utilizing our extensive technical expertise and understanding of a complex and ever-changing economy, we address our clients’ most challenging questions through rigorous, creative, and focused analysis.
Through sophisticated and appropriate analyses of complex economic issues, we distill uncertainty into clearly articulated challenges and opportunities.
Resources are scarce. We embrace the responsibility to assist our clients’ efforts to allocate those resources most effectively for themselves and their stakeholders.
The Ohio Department of Development is now accepting applications for its Transformational Mixed-Use Development Program, which provides a tax credit against Development costs incurred during the construction of a project that will be a catalyst for future development in its area.
A Development includes new construction and/or improvement of vacant buildings that will have a major economic impact on the site and the surrounding area. This Development must be a combination of retail, office, residential, recreation, structured parking, and other similar uses into one mixed-use Development. Projects may be either the entire Development or a phase or contiguous phases within the Development.
As part of the process, applicants must submit an economic impact analysis.
The Economics Center completed 10 economic impact analyses for developers across Ohio during the FY22 TMUD funding cycle. There were a total of 35 TMUD application submitted during the FY22 funding cycle.
The Ohio Department of Development funded 8 “General” Projects, 2 of which were applications for which the Economics Center prepared the economic impact analyses.
The TMUD tax credits received by our development partners represented approximately half of the “General” project funding allocation for FY22.
How can we help you with your Economic Impact Statement for the TMUD tax credit?
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AREAS OF EXPERTISE
We’ve assisted real estate developers, corporations, and local development agencies in understanding the labor market, as well as the demographics and socioeconomic conditions of employees and businesses located in a certain region. A well-rounded picture of an area’s economy and its potential can aid officials in economic development efforts.
Benefit-Cost Analysis (BCA)
BCAs examine the costs of an investment or project and either the relative monetized benefits or the relative measures of effectiveness. Both types of analyses aid in communicating if a project or investment is worthwhile. In addition, they compare various alternative investments or decision scenarios.