Economic impact analysis (EIA) allows us to examine how our actions can facilitate or impede economic growth and development. EBP brings a long history of best-in-class EIA to evaluate the impacts of transportation projects, energy and environmental policies, economic development programs, and urban development investments.
We employ input-output models, dynamic multi-regional simulation models, custom modeling of industry responses to cost changes, economic forecasting, and freight-economy relationship modeling. Through these approaches, we can better understand impacts on jobs, income, operating costs, productivity, and competitiveness and how these impacts may be distributed across industries, regions, and time.
For our clients around the world, we apply EIA to gain insight into:
Our findings support evaluation of strategic economic development outcomes and of secondary impacts not often captured in more traditional analyses. EIA results complement engineering performance analysis, efficiency analysis (such as benefit-cost analysis, BCA), and financial feasibility analysis.