ECONOMIC, EMPLOYMENT, AND FISCAL IMPACT STUDY

In this case, members of the StratACUMEN team worked with a government agency on a major community development project that the agency was planning to fund. The senior leaders wished to know the proposed project’s potential economic, employment, and fiscal impacts, as well an aggregate measure for estimating the project’s total public sector return on investment (ROI).

 

The StratACUMEN team worked with the agency’s leadership to develop a sophisticated scenario analysis model using multiple sources of data and information. This model using Monte Carlo simulations estimated 250,000 viable future outcomes to determine the optimal design for the project. This optimal design was then further examined to generate reliable economic, employment, and fiscal impact estimations.

 

Finally, a sophisticated ROI formula was developed show the senior leaders of the agency that each dollar invested in this project would provide a net public sector return of $18 dollars.

 

The team, along with agency leaders, presented the study findings to two bodies of elected officials. The project was approved and fully funded by these two bodies.