Almost half of U.S. states are currently operating some form of industrial park assistance program to better serve their communities and attract new businesses. They are seen as promising economic development tools by academics, developers, and consultants alike.
Please feel free to register for our upcoming REMI guest webinar, “Economic Impacts of Industrial Parks: Evidence from Virginia’s Tobacco Region Megasite Program,” on Thursday, December 17th from 2:00 to 3:00 p.m. (ET). This presentation features an exploration of a recent study on the economic value of industrial parks and megasites by Terance Rephann, Ph.D., Regional Economist for the University of Virginia’s Weldon Cooper Center for Public Service.
For this analysis, Dr. Rephann used the REMI PI+ model to evaluate the economic effects of the state of Virginia’s Tobacco Region Megasite Program before detailing various conditions that might influence the economic and tax revenue impact potential of industrial parks.
The Tobacco Region Megasite Program was designed to facilitate the transition of tobacco growers to other agricultural products while promoting the economic development of the surrounding region. During this presentation, Dr. Rephann will review the program’s initiatives and describe the likely impact of the nine funded parks established within the Tobacco Region.
This special guest webinar will also discuss the data and literary research incorporated into the case study, the methodologies used for the analysis, and the major findings from this assessment of industrial park development in this country.