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| Economic Impact and Market Analysis |
TischlerBise conducts economic impact analyses, economic feasibility studies and market studies for both public and private sector clients throughout the U.S. Recent assignments include:
Shenandoah University (Winchester, Virginia) - Economic Impact Analysis TischlerBise conducted an Economic Impact Analysis of Shenandoah University on the City of Winchester and Frederick County, Virginia. This was the University's inaugural economic analysis. TischlerBise worked with staff to obtain information in an efficient manner, collected additional other relevant data, synthesized information, conducted primary and secondary research on the University and regional economy, and analyzed the economic impacts of the University. Specifically, TischlerBise determined the economic impacts of University employment and its spending on goods, services, and construction as well as spending by students and visitors and examined the fiscal and qualitative impacts on the community. The IMPLAN model was used to determine direct and multiplier effects of University spending as well as the indirect and induced effects of employee, student, and visitor spending. The end result is a clear, concise, and user-friendly Economic Impact Analysis Report that details the University's impact on the community through its direct, indirect, and induced economic activity and job creation.
University of North Carolina-Chapel Hill - Fiscal and Economic Impact Analysis TischlerBise conducted a fiscal and economic impact analysis of a planned expansion of UNC-Chapel Hill called Carolina North. This was a regional, visible impact study conducted on behalf of the University that analyzed the economic impact of the proposed development and the resulting fiscal impact of both direct and indirect growth on the Towns of Chapel Hill and Carrboro, as well as Orange County. Throughout the process, the consultant team interacted and coordinated with a variety of stakeholders including staff from the multiple jurisdictions (including schools), elected officials, community members, and University staff. At the conclusion, the University and Town of Chapel Hill were successful in negotiating a development agreement that considered fiscal implications. The assignment also included provision of a fiscal model to UNC for future evaluation of the development. TischlerBise implemented the model and trained University and jurisdiction staff on design and use of the fiscal model.
City of Coolidge, Arizona - Benefit/Cost Analysis TischlerBise prepared a Benefit-Cost Analysis (BCA) for the City of Coolidge, Arizona's TIGER II Discretionary Grant Application for proposed highway improvements. The analysis includes an overall description of the project and analyzes the return on investment in terms of direct, indirect, and induced impacts over the short- and long-term. TischlerBise worked closely with staff at the City to collect data and obtain ongoing feedback through the study. We synthesized all relevant data and information and used IMPLAN to determine overall economic impact. The results of the analysis revealed that the total benefit to cost ratio of the project is 40 to 1. As of the date of this proposal, awards for this Federal grant have not been made.
City of Little Rock, Arkansas - Fiscal and Economic Analysis of Disinvestment As part of the City's Future-Little Rock effort, which directed the goal-setting and strategic planning program for the City, TischlerBise conducted a fiscal and economic impact analysis that evaluated three scenarios, all of which measured the cost of continued disinvestment in the downtown. The Trends scenario assumed that housing abandonment continued in two areas of the City. The Residential scenario assumed less abandonment in one area and growth in the other four zones. The third scenario, Employment, assumed the same residential component as Trends, but approximately 400,000 square feet of additional nonresidential development.
Bridgewater, New Jersey The Bridgewater Redevelopment Agency (BRA) retained TischlerBise to expedite negotiations with the developer of a regional shopping center along an interstate highway. The firm conducted a market reconnaissance, a financial feasibility study from the developer's perspective, and a fiscal impact analysis from the public sector's perspective. The BRA used this information to successfully complete an agreement with the developer. This successful project was featured in the book, Edge Cities.
Montgomery County, Maryland For Montgomery County and the State of Maryland, TischlerBise evaluated the economic impact of a hotel - conference center. Primary and secondary employment multipliers were evaluated under different development and occupancy assumptions. The firm subsequently evaluated the direct and indirect fiscal impacts.
Newton, Massachusetts In Newton, a suburb of Boston, a major developer proposed a mixed-use project, with the City paying for the structured parking. The City retained TischlerBise to determine the probable market absorption, developer proformas, and financial alternatives. Working with the City, the developer, and a neighborhood coordinating committee, the firm helped to arrange a financial package that included tax increment financing and City participation in office rent increases.
Washington, DC In Washington, D.C., TischlerBise was the economic consultant on a "housing linkage" project. In this case, the developer requested a density bonus in exchange for a $1.4 million contribution to renovate 44 apartment units within one-third mile of the site. The housing renovation was coordinated by a non-profit community-based organization. This project constituted one of the first experiments in housing linkage for the District government.
Toledo, Ohio In Toledo, Ohio, TischlerBise was retained by Promedica, Inc. to evaluate the direct and indirect economic impacts of a proposed health care facility to two Toledo suburbs. In addition, the firm evaluated the potential municipal revenues associated with the project.
Memphis, Tennessee Beale Street, in Memphis, Tennessee, is now a tourist destination. TischlerBise analyzed similar locations around the country and recommended a development program. This included retail, eating and drinking facilities, and specialized entertainment. Developer proformas were also evaluated.
- Shenandoah University (Winchester, Virginia)
TischlerBise conducted an Economic Impact Analysis of Shenandoah University on the City of Winchester and Frederick County, Virginia. This was the University's inaugural economic impact study. - University of North Carolina-Chapel Hill
TischlerBise conducted a fiscal and economic impact analysis of a planned expansion of UNC-Chapel Hill called Carolina North. This was a regional, visible impact study conducted on behalf of the University that analyzed the economic impact of the proposed development and the resulting fiscal impact of both direct and indirect growth on multiple jurisdictions. - City of Coolidge, Arizona - Benefit/Cost Analysis
TischlerBise prepared a Benefit-Cost Analysis (BCA) for the City of Coolidge, Arizona's TIGER II Discretionary Grant Application for proposed highway improvements. - City of Little Rock, Arkansas - Fiscal and Economic Analysis of Disinvestment
As part of the City's Future-Little Rock effort, which directed the goal-setting and strategic planning program for the City, TischlerBise conducted a fiscal and economic impact analysis that evaluated three scenarios, all of which measured the cost of continued disinvestment in the downtown. - Bridgewater, New Jersey
The firm's market reconnaissance, financial feasibility study and fiscal impact analysis used for negotiations with developer for completed project featured in the book Edge Cities - Montgomery County, Maryland
Direct and indirect impacts evaluated for proposed conference center - Newton, Massachusetts
TischlerBise helps to arrange a financial package for a mixed-use project - Washington, DC
TischlerBise was economic consultant on one of the first "housing linkage" experiments for the District government - Toledo, Ohio
TischlerBise evaluates the direct and indirect economic impacts of a proposed hospital - Memphis, Tennessee
TischlerBise feasibility work part of Beale Street revitalization program
Shenandoah University (Winchester, Virginia) - Economic Impact Analysis TischlerBise conducted an Economic Impact Analysis of Shenandoah University on the City of Winchester and Frederick County, Virginia. This was the University's inaugural economic analysis. TischlerBise worked with staff to obtain information in an efficient manner, collected additional other relevant data, synthesized information, conducted primary and secondary research on the University and regional economy, and analyzed the economic impacts of the University. Specifically, TischlerBise determined the economic impacts of University employment and its spending on goods, services, and construction as well as spending by students and visitors and examined the fiscal and qualitative impacts on the community. The IMPLAN model was used to determine direct and multiplier effects of University spending as well as the indirect and induced effects of employee, student, and visitor spending. The end result is a clear, concise, and user-friendly Economic Impact Analysis Report that details the University's impact on the community through its direct, indirect, and induced economic activity and job creation.
University of North Carolina-Chapel Hill - Fiscal and Economic Impact Analysis TischlerBise conducted a fiscal and economic impact analysis of a planned expansion of UNC-Chapel Hill called Carolina North. This was a regional, visible impact study conducted on behalf of the University that analyzed the economic impact of the proposed development and the resulting fiscal impact of both direct and indirect growth on the Towns of Chapel Hill and Carrboro, as well as Orange County. Throughout the process, the consultant team interacted and coordinated with a variety of stakeholders including staff from the multiple jurisdictions (including schools), elected officials, community members, and University staff. At the conclusion, the University and Town of Chapel Hill were successful in negotiating a development agreement that considered fiscal implications. The assignment also included provision of a fiscal model to UNC for future evaluation of the development. TischlerBise implemented the model and trained University and jurisdiction staff on design and use of the fiscal model.
City of Coolidge, Arizona - Benefit/Cost Analysis TischlerBise prepared a Benefit-Cost Analysis (BCA) for the City of Coolidge, Arizona's TIGER II Discretionary Grant Application for proposed highway improvements. The analysis includes an overall description of the project and analyzes the return on investment in terms of direct, indirect, and induced impacts over the short- and long-term. TischlerBise worked closely with staff at the City to collect data and obtain ongoing feedback through the study. We synthesized all relevant data and information and used IMPLAN to determine overall economic impact. The results of the analysis revealed that the total benefit to cost ratio of the project is 40 to 1. As of the date of this proposal, awards for this Federal grant have not been made.
City of Little Rock, Arkansas - Fiscal and Economic Analysis of Disinvestment As part of the City's Future-Little Rock effort, which directed the goal-setting and strategic planning program for the City, TischlerBise conducted a fiscal and economic impact analysis that evaluated three scenarios, all of which measured the cost of continued disinvestment in the downtown. The Trends scenario assumed that housing abandonment continued in two areas of the City. The Residential scenario assumed less abandonment in one area and growth in the other four zones. The third scenario, Employment, assumed the same residential component as Trends, but approximately 400,000 square feet of additional nonresidential development.
Bridgewater, New Jersey The Bridgewater Redevelopment Agency (BRA) retained TischlerBise to expedite negotiations with the developer of a regional shopping center along an interstate highway. The firm conducted a market reconnaissance, a financial feasibility study from the developer's perspective, and a fiscal impact analysis from the public sector's perspective. The BRA used this information to successfully complete an agreement with the developer. This successful project was featured in the book, Edge Cities.
Montgomery County, Maryland For Montgomery County and the State of Maryland, TischlerBise evaluated the economic impact of a hotel - conference center. Primary and secondary employment multipliers were evaluated under different development and occupancy assumptions. The firm subsequently evaluated the direct and indirect fiscal impacts.
Newton, Massachusetts In Newton, a suburb of Boston, a major developer proposed a mixed-use project, with the City paying for the structured parking. The City retained TischlerBise to determine the probable market absorption, developer proformas, and financial alternatives. Working with the City, the developer, and a neighborhood coordinating committee, the firm helped to arrange a financial package that included tax increment financing and City participation in office rent increases.
Washington, DC In Washington, D.C., TischlerBise was the economic consultant on a "housing linkage" project. In this case, the developer requested a density bonus in exchange for a $1.4 million contribution to renovate 44 apartment units within one-third mile of the site. The housing renovation was coordinated by a non-profit community-based organization. This project constituted one of the first experiments in housing linkage for the District government.
Toledo, Ohio In Toledo, Ohio, TischlerBise was retained by Promedica, Inc. to evaluate the direct and indirect economic impacts of a proposed health care facility to two Toledo suburbs. In addition, the firm evaluated the potential municipal revenues associated with the project.
Memphis, Tennessee Beale Street, in Memphis, Tennessee, is now a tourist destination. TischlerBise analyzed similar locations around the country and recommended a development program. This included retail, eating and drinking facilities, and specialized entertainment. Developer proformas were also evaluated.
About Our Analysis
TischlerBise conducts economic impact analyses, market and economic feasibility studies, site evaluations, highest and best use, pro forma and financial analyses, and business plans leading to sound investment/marketing strategies for both public and private sector clients throughout the U.S. We also assist the public sector by providing targeted research, formulating specific economic development strategies, and defining roles aimed at furthering community revitalization.