Middle Georgia Regional Commission: Georgia Economic Development Fiscal Impact Model

Posted on: October 4th, 2012 by Kate Humphrey

NADO’s 2012 Innovation Awards recognized 64 projects from 22 states for their creative approaches to regional community and economic development, including the project described below. Click here for the full list of winners.

The Middle Georgia Regional Commission (MGRC) developed the Georgia Economic Development Fiscal Impact Model to assist local governments with an estimation of the fiscal impact of economic development projects on local, regional, and state taxing jurisdictions. The model allows local and state decision makers to weigh the incentives offered to a company against the fiscal benefits of a company expanding or locating in their jurisdiction. MGRC compiled several data sources and developed a tool using Microsoft Excel to produce a concise report on the costs and benefits of each project. Projects across the state have used the model, which is easily adapted to different analyses and easily updated as new data becomes available. Future development plans include integrating the model into a more simplified web user interface.

Nick Kouloungis, Senior Government Services Specialist: [email protected]
Ralph Nix, Executive Director: [email protected]
478-751-6160

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