Impact Studies

What will be the fiscal and economic impacts of a new office building?

Chmura analyzes the impacts of development projects in regional economies. We have vast experience in this field and have performed customized studies in a variety of situations. Chmura has assisted in firm relocations and expansions, urban developments, infrastructure improvements, and tourism-related projects.

Through sophisticated input-output modeling, we answer questions such as:

• How will employment and wages be changed in a region?
• What will the fiscal impacts be?
• What tax revenues will be generated for local and state governments?
• How does a development or tourism event impact retail sales?
• How do these direct changes ripple through the economy, multiplying the impact?

See examples of previous projects:

• The Economic Impact of the Coal Industry in Virginia
• Virginia's Aerospace Industry - An Economic Impact Analysis
• The Economic Impact of Richmond International Airport
• Highway Investment and Economic Development
• The Healthcare Workforce in the Historic Triangle Area
• The Economic Impact of the Corrugated Board, Packaging, and Display Industry in Ohio
• Economic Benefit of the Entry of Low Cost Carriers to the Richmond Region: An Update of 2005 Study
• Evaluating the Economic Impact of the Proposed High Bridge Rail-Trail State Park
• Economic Impact of Virginia Tobacco Commission

Contact us to request more information about Impact Studies.