Covid-19 Update

 

Effective Monday, March 16, 2020 and until further notice, Econsult Solutions is having staff members work from home. This form of “social distancing” has been implemented with the safety of our staff and the community at large in mind. We have instituted all necessary remote-working features and remain open for business, hard at work on current engagements and eager to hear how we can support your needs. 

These are extraordinary times. The global pandemic has reached every aspect of every life in every corner of the world. More than ever, ESI stands ready to apply economics, strategy, and insight to help you move forward. Be on the lookout for additional content on our blog, Present Value. Together we will emerge stronger and wiser. 

On October 8th, 2015 Econsult Solutions published a report that was commissioned by the Town of Mansfield, Connecticut and the University of Connecticut to analyze the potential impact of UCONN’s Next Generation Connecticut Initiative (NextGenCT). NextGEnCT aims to expand educational opportunities, research, and innovation in the science, technology, engineering, and math. ESI quantified the economic and fiscal benefits that are anticipated to accrue to the Town as well as an enumeration of any net new Town service, education, and infrastructure expenditures that will result from the initiative.

The report shows that the implementation of NextGenCT is likely to have significant economic impacts within the Town economy and significant fiscal benefits to the Town government. An increase of partnership opportunities in transportation, public safety and economic development is also anticipated. Further, the report concludes that the Town is likely to receive larger PILOT payments from the State due to the increase of the assessed value of State-owned land as NextGenCT is implemented.

The ultimate size of the economic gains and expenditure increases will depend on what level of growth NextGenCT will produce in terms of increases in student enrollment, faculty/staff headcount, and economic development spin-off, and on how much the Town chooses to capture the net new demand for residential space and commercial activity generated by that growth.

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