Fiscal and Economic Impact

Analysis

Development Research Partners provides comprehensive custom analysis and analytical tools to evaluate and forecast site-specific activities and model business and government costs and benefits.

 

Development Research Partners has developed a fiscal and economic impact model for evaluating real estate and economic development projects...SiteStats©. Click here for an overview of SiteStats© and its capabilities.

 

Recent Projects include:

The Benefits of the Renewable Energy Industry in Eastern Colorado

November 2016

The renewable energy, or cleantech, industry has become an important part of the Colorado economy over the past 15 years. Colorado's eastern plains have significant resource potential, notably wind energy, and have attracted the vast majority of renewable energy investment activity in the state. This study profiles the renewable energy industry in eastern Colorado, and measures the economic benefits the industry provides in terms of construction, investment, employment, business activity, and property tax revenue.

 

The Economic Benefits of the Cherry Creek School District

August 2016

The Cherry Creek School District is the fourth largest school district in Colorado, with about 54,700 students in 60 schools, serving residents across seven municipalities in Arapahoe County. The Cherry Creek School District has a significant economic impact in the metro Denver region. The district is one of the largest employers in metro Denver, providing millions of dollars in earnings to its teachers and staff and supporting the business community with its local purchases of goods and services. This study estimates the economic and fiscal benefits the Cherry Creek School District has in metro Denver through its on-going operations and construction activities.

 

The Economic and Fiscal Benefits of the University of Denver

March 2016

The University of Denver (DU) is the oldest independent university in the Rocky Mountain region, offering students a quality education for over 150 years. DU is home to more than 11,500 students from throughout the U.S. and over 80 other countries, contributing to the education and talent of the state's workforce. An estimated 70 percent of DU's graduates stay in Colorado. DU ranked as the second largest non-retail private employer in the City and County of Denver and among the top 20 in the metro Denver region. This report highlights and quantifies the importance of DU to the metro Denver region.

 

The Economic and Fiscal Benefits of the Port of Muskegon

December 2015

The closure of a large coal-fired power plant in Muskegon, Michigan, along the shores of the largest natural deep-water port in west Michigan, brought together community and regional representatives to plan for future uses and economic opportunities for the port. Development Research Partners helped the community identify the contributions of the port to the local economy as well as estimate the benefits economic development goals could have in the local and regional economies. DRP's in-depth analysis provided the community with valuable insight into what an improved logistics hub could mean to the area. 

 

Investing in Denver's Workforce & Economic Future: Benefits of the Denver Scholarship Foundation

May 2015

Development Research Partners partnered with the Pell Institute for the Study of Opportunity in Higher Education to conduct a study of the outcomes and impacts of the Denver Scholarship Foundation (DSF). DSF promotes, assists, and funds Denver Public School students to attend higher education institutions throughout Colorado. Since DSF's inception in 2006 to spring 2014, 750 Denver Public School students, enabled with DSF assistance and scholarships, have completed a bachelor's or higher-level degree. This study measures the potential impacts of better educational outcomes and earnings for students in the DSF program.

 

The Economic and Fiscal Impacts of the Craig Station in Craig, Colorado

March 2015

The Craig Station is the second-largest coal-fired baseload power plant in Colorado. Operated by Tri-State Generation and Transmission Association, Inc., it is located near Craig, Colorado in Moffat County. The Craig Station study analyzes the economic and fiscal benefits of the plant to a three-county region including Moffat, Routt, and Rio Blanco Counties. These counties are linked economically through a shared demand for workforce, infrastructure, and the nature and locations of the power plant's supplier companies. This tri-county region is also the largest coal source in the state, comprising 50 percent of all the coal produced in Colorado. The detailed analysis of the Craig Station's impacts included its benefits from on-going operations as well as the plant's associated transitory worker spending during the plant's maintenance operations. The study was completed with a regional profile of the area's economy that included demographics, employment, educational attainment, incomes, and housing stock.

 

The Economic and Fiscal Benefits of the Cross WindsTM Energy Park, Tuscola County, Michigan

July 2013
Renewable energy investments in Michigan provide a way for the state to diversity its energy supply, reduce pollution, decrease reliance on other states for electricity, and contribute to a more reliable energy system. Wind energy comprises an increasing share of Michigan's renewable energy production. In addition, the construction and operations of the wind park will generate significant economic and fiscal benefits for the townships, the regional economy, and the state. The intent of this study was to analyze the economic and fiscal benefits associated with the proposed construction and operations of the first phase of the Cross WindsTM Energy Park. The first phase of the project began commercial operations in late 2014.

 

 

Copyright 2017         10184 W. Belleview Avenue, Suite 100         Littleton, CO  80127         303.991.0070