Economic Impacts

An economic impact analysis model provides a baseline for the regional and state economies. This baseline data can then be used to examine activities of current or proposed companies or industries.

This type of analysis can be used to evaluate the impacts of a new plant relocating to a community, to assess the effects on a community or region of a major employer ceasing operations, to evaluate competing projects seeking subsidies or incentives, or to evaluate the performance of an economic development program or industry sector.

Using input/output models of the Connecticut economy and other analytic tools, CERC can work with your organization to fully understand the economic impact including jobs, output, incomes and more of a project on your community or region.

CERC staff have extensive experience with economic impact analyses, including the following projects:

• Effects of a proposed film studio in South Windsor
• Impacts of doctors and dentists in Connecticut
• New construction and expansion activity of the casinos in Southeastern Connecticut
• Activity for the state's Insurance Cluster 
• Development of new cancer center at Yale University
• New facility for Mass Mutual 
• Closing of the Groton sub base
• Relocation of Swiss Bank
• Proposed relocation of Morgan Stanley
• Shutdown of the Stratford army engine plant
• Proposed development of Long Wharf Mall