Lorelei specializes in land use and redevelopment policy, planning, and finance.Methods and Tools Benefit-Cost Analysis
ECONorthwest applies benefit-cost analysis to help decision makers compare different project and policy options.Economic Impact Analysis
ECONorthwest has extensive capabilities estimating the economic and fiscal impacts of a wide range of projects.Econometric & Statistical Analysis & Modeling
ECONorthwest can construct or deconstruct any econometric and statistical model or analysis.
Cities and regions want strong economies. Most believe that their actions—their policies and investments—can influence the type and amount of new jobs, and the income those jobs generate. Jobs and income have been the traditional focus of economic development strategies that governments and NGOs develop.
But broader definitions of economic development go beyond jobs, income, and value added to include ”community well-being” and improvements to the natural and social environments that strengthen an economy. That broader definition emphasizes the connection of economic development to other critical aspects of regional and local planning and policy: the environment, land use, infrastructure, social services, and more.
The economic success of a region depends on its economic capacity and on its efficient utilization of that capacity. Capacity—what an economy has the potential to produce—depends on its stocks of four forms of capital:
ECONorthwest has worked with dozens of state, regional, and local governments on economic development evaluations and strategies. We excel at the technical analysis (describing a regional economy’s capacity and utilization of resources) and the facilitation and strategic planning required to help advisory groups establish economic goals and evaluate actions. Some of our work: