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Economic Impact Modeling...
Updated: 05/15/2009
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The MGRC can assist its members and local economic development agencies, such as industrial development authorities, with estimating the impact of locating a company in a community. The impact models used by the MGRC are the Local Economic Impact Analysis (LOCI) developed by the Georgia Institute of Technology and the MGRC Tax Revenue Impact Model developed by the Middle Georgia Regional Commission. The LOCI model, which meets the requirements of most state grant programs, is an extensive tool that requires detailed information from the prospective firm. The MGRC model is usually used to get a quick estimate on tax revenues generated by a potential industry and can be completed with some basic information about the prospect. In FY 2008, the MGRC prepared four tax revenue impact models. |
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