September 04, 2019

Incentivized Economic Development Program Review: Best Practices

August 23, 2019

Incentivized Economic Development Program Review: Best Practices

[Slides]Incentivized Economic Development Program Review – Best Practices – Chris Judson & Shane Vyskocil, REMI

[Recording]Incentivized Economic Development Program Review – Best Practices – Chris Judson & Shane Vyskocil, REMI

The net impacts of proposed economic development policies have become more important as regional governments reconsider the value of major project investments. Incentives are now crucial to attracting new business to an area, but concern is growing over whether the amount offered exceeds the benefit of additional revenue.

Please feel free to join REMI Managing Economic Associate Chris Judson and Economic Associate Shane Vyskocil for their webinar, “Incentivized Economic Development Program Review – Best Practices,” that will be hosted on Wednesday, September 4th from 2 to 3 p.m. (ET).

This discussion details the current landscape for regional economic development, inclusion of equitable and sustainable growth strategies, and the capabilities of the REMI model. Our associates are prepared to evaluate the net economic, fiscal, and demographic impacts of select economic development policies.

The presentation includes reviews of current incentive program evaluation procedures from select states, establishing key performance indicators, and recommended data requirements. They will also be exploring “but for” sensitivity analyses, differences in ROI methodologies, and the importance of multi-year analysis during this webinar.