Applied Economics

Applied Economics provides consulting services in the form of custom studies and software applications designed to address the specific needs of our clients in three areas: economic development, economic and fiscal impact, and demographic and market analysis. Within each of these areas, Applied Economics provides a specialized group of services, all oriented around applying economic theory, socioeconomic data and information technology to real world problems.

Applied Economics is an economic consulting firm, based in Phoenix, Arizona, specializing in economic development, economic and fiscal impact assessment, socioeconomic modeling, urban planning and custom software applications. Our clients include local governments--cities, counties, councils of government and school districts; as well as utilities, regional economic development organizations, retailers and retail developers, and various large corporations. We are experienced at working with various levels of public and private sector staff as well as steering committees and community groups representing diverse perspectives. We strive to provide the necessary technical information, in an unbiased and understandable format, in order to allow decision-makers to make better, more informed choices.

In the area of economic development, Applied Economics provides a variety of research and implementation support services. We create customized software tools for economic developers as well as marketing materials, labor market analyses, and other economic research. Our software tools include an interactive business climate and operating cost comparison system, an incentive calculator, and economic and fiscal impact models. Our economic research includes factbooks and other marketing materials, as wall as labor market studies, retail market studies, economic base, business climate and target industry analyses.

In the area of economic and fiscal impact analysis, Applied Economics conducts studies and develops models to measure the effect of a wide variety of activities. These activities can include development land use and policy changes, business-driven economic impacts, incentives, and program-driven economic and fiscal impacts. Development-based impacts, such as those caused by new development, redevelopment and annexation, quantify the effect of land use, zoning and density changes on public finances. Business impacts measure the effect of company locations, re-locations, expansions and exits. Program impacts combine the impacts of multiple businesses to quantify the overall efforts of an economic development organization.

We are also experienced at performing incentive analyses. We build customized incentive calculators that can be used by local economic developers to calculate the value of state and local incentives for a particular company. We also conduct detailed analyses of tax revenues and incentives for specific companies on behalf of state and local economic development organizations. The results of these analyses enable them to negotiate effectively when preparing and finalizing incentive agreements. These incentive analyses may include a comparison of taxes and incentives across multiple competing locations.