The Capital District Regional Planning Commission provides technical assistance in program areas such as sustainability, water quality, GIS and mapping, and land use planning. In addition to these areas, the Commission also provides the following contractual, technical assistance.
Sean M. Maguire, AICP AZS
Director of Economic Development
phone (518) 453-0850
Economic Impact Analysis
An economic impact analysis examines the effect of an event on the economy in a specified area, ranging from a single community to the entire region. It usually measures changes in business revenue, business profits, personal wages, and/or jobs. The economic event analyzed can include implementation of a new policy or project, or may simply be the presence of a business or organization. An economic impact analysis is commonly conducted when there is public concern about the potential impacts of a proposed project or policy.
An economic impact analysis is a common economic development and planning technique used to examine how an activity will have an impact on things such as jobs, economic output, and tax revenues. The analysis models how an activity, such as construction spending or employment changes, will impact a local or regional economy. That impact, or “shock,” is modeled using input-output analysis to determine what are the direct, indirect, and induced impacts. An economic impact analysis is not a complete benefit-cost analysis because it only examines the impact of that economic “shock.” Unlike a fiscal impact analysis, an economic impact analysis doesn’t look at it cost side of the equation.
The Capital District Regional Planning Commission performs this analysis for local governments and non-profits in the region. Our past clients include:
- Capitalize Albany Corporation
- Center for Economic Growth
- City of Schenectady
- Columbia County
- Port of Albany
- Proctor’s Theater
- Rensselaer Polytechnic Institute
- Saratoga County Prosperity Partnership
- Saratoga Hospital
- Schenectady Metroplex
- Skidmore College
- Town of Guilderland Industrial Development Agency
- University at Albany
- Whitney M. Young, Jr. Health Services
The Commission has also performed its own economic impact analysis associated with current trends and topics occurring in the Capital District. These include:
- Annual Economic Impact of the Capital Region Foreign-Trade Zone
- Potential Economic Impact of Amazon HQ2 on the Capital Region
- Economic Impact of GlobalFoundries on the Capital Region and New York State
- Estimated Economic Impact of Capital District Non-Profit Organizations on the Capital Region
Fiscal Impact Analysis
A fiscal impact analysis is a type of benefit-cost analysis that considers the revenues generated by a new development less the costs to support it. We examine all costs to support a development (e.g. school, infrastructure, public safety) versus the cost of services to be provided to a new development, which may be a housing or commercial development for example. We examine how much it will cost to support that development and what are the potential revenue (i.e. taxes, fees) generated because of the development. The result is an examination of how the costs to support a new development are balanced against the financial benefits of that same development. While it may be preferable to generate net new revenues to benefit a community, our analysis does not take a position on those concerns because they are specific to that community’s overall goals and objectives.
Utilizing qualitative and quantitative analysis, the Capital District Regional Planning Commission conducts research into the patterns and trends that have influenced enrollment and determine how those influences will impact enrollment in the future. Our analysis provides school districts with a comprehensive understanding of projected enrollment throughout the district, including grade-to-grade enrollment trends and birth rates. All reports include an extensive overview of local residential building activity from which future enrollment can partially be projected.
Our past clients include: