Impact DataSource was recently discussed in a Community and Economic Development Bulletin published by the University of North Carolina School of Government. The bulletin discusses the importance of evaluating economic development projects and software that is available to assist governments and economic development organizations in this task.
Some newer prepackaged models combine economic and fiscal impact analyses in one software application. Impact DataSource, a consulting firm based in Austin, Texas, offers two versions of an integrated model: Quick Impact and Total Impact. The model is a Microsoft Excel–based program that uses RIMS II multipliers to calculate economic impacts and uses local tax rates and average service costs per household and pupil to translate these impacts into additional local government revenues and costs.
Read the entire bulletin and see how Impact DataSource compares to REMI, IMPLAN and other software.
Analyzing the Benefits and Costs of Economic Development Projects
Impact DataSource has built a strong reputation during more than 15 years of business for detailed research and analysis. We have earned a reputation for quality service and economic analyses tailored to the needs of our clients. The testimonials below say it all:
“Over the past 15 years, Impact DataSource has provided economic impact analysis reports and computer models for three economic development organizations that I managed. Their reports are comprehensive, timely, and affordable and allow me to make informed decisions about incentives that I am considering for prospect firms.”
-Robert M. Worley
The Economic Development Alliance for Brazoria County
“I have repeatedly used Impact DataSource’s services for over eight years. Their economic impact analysis reports are very valuable for me to assess and report to community stakeholders how new or expanding businesses will benefit the community and what the direct and secondary impact will be in and what the return-on-investment (ROI) is for any invested incentives. Particularly, they provide critical guidance and a third-party evaluation on incentives that my community may consider for new or existing businesses and economic development projects. A very often used benefit of their services is an economic impact analysis/estimate of the direct and secondary impact of a viable, established “existing” business that allows us to recognize the existing business, their value and their impact (vs. “new” businesses) and to promote their services and needs.”
-Dennis W. Clayton, CEcD, AIA
Weatherford Economic Development Authority, Inc.
“I have used Impact DataSource to prepare economic impact analyses of new or expanding firms or projects in Topeka. The reports are very useful to me and provide important insight into appropriate levels of incentives to offer prospect. The reports are timely and affordable.”
-Steve R. Jenkins, CEcD
Senior Vice President – Economic Development
Greater Topeka Chamber of Commerce/GO Topeka
“Impact DataSource prepares economic impact analyses of all our new or expanding firms in the Coastal Bend region for which economic development incentives are offered. The information in their reports assists us in structuring proposals that will generate net new economic and fiscal benefits for the regional economy.
We are extremely pleased with the timely service that they provide and the thoroughness of their reports.”
-Roland C. Mower, CEcD
President & CEO
Corpus Christi Regional Economic Development Corporation
“Impact DataSource prepares economic impact analyses of new or expanding firms or projects in my community. Knowing the costs and benefits for each local taxing district is important to having community acceptance of a project. Most importantly, the reports are timely and affordable and provide a necessary third-party evaluation of incentives that we may consider for prospect firms.”
-Frank Viso, CEcD, EDFP
Corporation for the Economic Development of Midlothian
“Impact DataSource provides economic impact analyses on my economic development projects. My board depends on the reports to evaluate incentives that we offer to new or expanding firms and other projects. These analyses are an important economic development tool.”
Eastland Economic Development Corporation