Resources are scarce. Community needs are many. To maximize the benefit of a project to your community and the developer, it is important to understand, plan for, and allocate the optimal amount and combination of public and private resources. A Baker Tilly community and economic impact analysis measures the potential impact of a project and ensures that finite financial resources are invested in the most effective way to meet the greatest community needs.
We work closely with municipalities, private and nonprofit developers, and public agencies to understand and evaluate the economic and community impact of each specific project. The outcome will be a comprehensive assessment of whether and to what extent an investment of public resources will create lasting economic impact in the community.
Outcomes you can expect:
Identify your community’s priorities and objectives
Make informed decisions regarding the expenditure of public funds
Structure proposed projects to maximize positive impacts
Discern your residents’ expectations for the impacts of a proposed project
Set accountabilities as appropriate for the project
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