Economic Impact Assessment, Public Policy Studies, and Economic Development

The Perryman Group has developed and continually maintains an extensive set of economic impact evaluation models that can be applied in a variety of contexts. Dr. Perryman developed the US Multi-Regional Impact Assessment System (USMRIAS) more than 30 years ago. This model can be fully integrated with the econometric models maintained by the firm, as well as the US Multi-Regional Industry-Occupation System, and the US Multi-Regional Real Estate System. These singular capabilities provide the flexibility to address any issue. These models have been used in thousands of analyses for clients ranging from major corporations to government agencies. They have been peer-reviewed on multiple occasions and are highly respected. The TPG team has broad experience and proven expertise in measuring the economic effects of corporate locations and expansions, major mixed-use real estate developments, public policy initiatives, and other complex issues. The systems are designed to reflect the unique economic characteristics of the study area, and can be tailored to any county or multi-county region in the United States (and have been modified for work in many other countries as well). Results can be segmented by major industrial category, offering an in-depth look at the overall economic effects of any economic stimulus, whether positive or negative.

You ask the question; The Perryman Group will find the answer.

TPG also maintains integrated models to measure effects on real estate demand and absorption, occupations, and tax receipts to states and local taxing entities such as counties, cities, and school districts. These models and other resources also give the firm a unique and innovative approach to economic development issues. TPG helps communities define their needs and opportunities, and craft strategies to drive performance. In fact, the firm provided the analytical basis for many successful legislative initiatives in these areas. Recent clients include Cheniere Energy, Teacher Retirement System of Texas, the British Government, US Chamber of Commerce, Financial Services Roundtable, ExxonMobil, US Department of the Interior, State of Maryland, and MasterCard.

Previous studies include (among others) assessments of the economic impact of the following:

  • Regulatory matters
  • Tax policy
  • New plant locations (and closures)
  • Environmental policies
  • Health care issues and facilities
  • Social programs and policies
  • Utility rate changes
  • Sports complexes
  • New infrastructure development
  • New transportation facilities
  • Changes in international trade and tariff policy
  • Educational facilities and programs
  • Legislative changes and regulatory reform
  • Industrial parks
  • Tourist and cultural attractions and events
  • Mineral production regulation
  • Major construction projects
  • Changes in resource supplies and prices
  • Major mixed-use real estate developments