Economic Development
Thoughtful Insight and Data-Driven Analysis
Economic Development sits at the intersection of government, business, and institution as community leaders manage revitalization and growth. Econsult Solutions brings a depth of knowledge from a breadth of experience and a data-driven toolbox that enables our clients to plan and implement successful programs, policies, and projects.
The Latest Insights
Business Districts and Commercial Corridor Revitalization
From Downtown to Main Street, commercial districts are core community assets that rely on economic relationships; their ability to thrive is a key to regional competitiveness. As economists, planners, and urbanists, Econsult Solutions understands the inter-relationships that bolster success.
Economic Development Strategy and Implementation Plan in Media Borough
Econsult Solutions led a multi-discipline team to prepare an economic development roadmap for the immediate, short-term, and long-term future for the Borough of Media, Pennsylvania.
North Broad Renaissance: The State of North Broad 2021
Econsult Solutions has provided annual economic strategy analysis for the North Broad Renaissance BID for several years going. North Broad Street is one of Philadelphia’s most prominent corridors, anchoring adjacent neighborhoods, supporting businesses and community mainstays.
Transforming Retail Economics of Neighborhood Development (TREND)
For the City of Chicago, ESI and RW Ventures find new ways to define retail corridors and better understand neighborhood change.
Williamsburg Vibrancy, Design, and Marketing Plan
To reinforce downtown Williamsburg, Virginia's sense of place and support growth while leveraging its unique historic, cultural, and natural assets, the city's Economic Development Office and Planning Department commission Econsult Solutions, The Riddle Company, and Group Melvin to develop a strategy plan.
Economic Development Strategies
In an increasingly competitive economic environment, economic development initiatives and strategies are more important than ever for regional growth and success. ESI is adept providing insights and developing growth strategies that will leverage a community’s assets and coalescing stakeholders to implement those plans.
The State of the Kitchen Incubator Industry in the U.S.
The state of shared-use food manufacturing activity has grown tremendously and evolved significantly since our first report completed in 2013.
King of Prussia Business Improvement District Plan: Comparative Location Analysis
Productive business locations are characterized by high concentrations of human capital, multi-modal transportation infrastructure, a variety of businesses, and lifestyle amenities including recreational, entertainment, and a variety of residential offerings. With these criteria, ESI developed competitive positioning for the KOP site selection.
The Economic Impact of Agriculture in Pennsylvania: 2021 Update
ESI was retained by Team Pennsylvania to update the 2018 report “Pennsylvania Agriculture: A Look at the Economic Impact and Future Trends.” ESI provided updated numbers on Pennsylvania’s farming sector and offered further insights into why these changes may be occurring.
Opportunity Zone Investment and Development Strategy
Econsult Solutions worked with the City of Wilmington Office of Economic Development to build a communication and marketing strategy that would attract Opportunity Zone (OZ) investors and developers.
Economic Impact Analysis
Economic development projects and initiatives often need to make their case to local stakeholders and decision makers about their return on investment. ESI’s economic impact analyses help our clients quantify their economic and jobs impact within their communities and describe their value within their local context.
New York City's Nightlife Economy
Econsult Solutions, Inc. (ESI), in partnership with North Highland and Urbane Development, completed the first ever economic impact study on the City of New York’s nightlife economy.
Economic Impact of 3.0 University Place
ESI was retained by University Place to generate the economic impact of 3.0 University Place, a state-of-the-art, eight-story, mixed-use, life sciences enabled building located in the rapidly growing submarket of University City, Philadelphia.
Economic Impact Analysis of the Redevelopment of PES Refinery
Hilco Redevelopment Partners developed plans for the Bellweather District, reuse of the PES Refinery land in Philadelphia, enlisting Econsult Solutions to conduct an economic impact analysis of their projected reuse of the land for an e-commerce and logistics center.
The Economic and Revenue Impact of Data Centers in Pennsylvania
With tax incentives cited as the driving force behind data center location decisions, a coalition of data center developers worked with Econsult Solutions worked to analyze the potential impacts of a similar policies on growth of the industry in Pennsylvania.
Environmental Sustainability
We apply our expertise in economic development, market analysis, and economic impact assessment to thoroughly evaluate the potential strength and impact of green initiatives. With our detailed research and comprehensive reports, we can support green and sustainable programs with internal planning and strategy and external funding and proposal development.
Return on Environment
ESI completed a detailed Economic Impact of Protected Open Space in Mercer County, New Jersey translating open space and environmental protection investments into commensurate impacts on the county and state economies.
The Economic Impact of Green City, Clean Waters
ESI was commissioned by the Sustainable Business Network of greater Philadelphia to articulate the local economic impact of Green City, Clean Waters, an ambitious initiative of the Philadelphia Water Department that seeks to invest in green stormwater infrastructure projects throughout the city.
The Impact of Completing the East Coast Greenway in the Delaware River Watershed
ESI, in partnership with NV5, was retained by the East Coast Greenway Alliance to produce a report assessing the impact of completing the East Coast Greenway in the Delaware River Watershed.
The Economic Value of Protected Open Space in Chester County, PA
ESI was commissioned by the Natural Lands Trust, the Chester County Planning Commission and a coalition of funders and business leadership to update a 2010 report on the economic value of open space in Chester County, Pennsylvania.
Tourism and Hospitality
Tourism and hospitality serve as a powerful economic development tool in the modern economy, attracting outside dollars and creating accessible employment opportunities. At a time of unprecedented challenges, ESI's tourism practice provides strategic planning and analysis to help our clients grow and articulate the benefits to their communities.
Kalmar Nyckel Foundation Feasibility and Impact Study
ESI and strategic partner, Parter International, completed an analysis of the feasibility and potential economic impact of the Kalmar Nyckel Foundation's plan for a new maritime history-based riverfront attraction in Wilmington, Delaware.
Ocean City, New Jersey Economic Development Strategy
With an aim to foster self-sustaining, long-run growth of tourism and vacation visitation, Ocean City, New Jersey worked with ESI and Parter, International to develop a strategy to develop the economy of this Mid-Atlantic shore town.
Tourism as an Economic Engine for Philadelphia
Visit Philadelphia, the agency responsible for tourism promotion for the City of Brotherly Love, turned to Econsult Solutions to quantify the impacts of the city's tourism economy.
The Economic Impact of Houston's Tourism Industry
Houston First Corporation retained Parter International and ESI to prepare a Strategic Tourism Plan for Houston and the 29-county region, including an economic impact analysis undertaken by ESI.
Innovation
Innovation is sparking rapidly evolving opportunities; the type and rate is a leading indicator of what is working for a community. ESI’ ability to capture and benchmark the right data ensures our clients within-depth analysis and findings that can be translated into policy development.
The Potential Economic Impact of 4MLK
Wexford Science + Technology retained ESI to assess the potential economic impact of their proposed development. planned in partnership with Ventas, Inc. to be located in the University of Maryland BioPark. The project is seen as a linchpin connecting historically underserved West Baltimore neighborhoods, the UMB campus and downtown Baltimore.
Technology Transfer and Commercialization in Greater Philadelphia
Econsult Solutions teamed with the CEO Council for Growth, an initiative of the Greater Philadelphia Chamber of Commerce to study the economic impacts of technology transfer and commercialization in the Southeast Pennsylvania region.
Comparative Analysis of Leading Innovation Districts
Econsult Solutions has worked with Wexford Science + Technology LLC on several specialized market studies and analyses of innovation districts, particularly for health and life sciences.
An Economic and Fiscal Impact Study of the International Professionals Program
To quantify in economic and fiscal terms, the impacts of the Welcoming Center for New Pennsylvanians' employment program aimed to improve earnings potential among under-employed foreign trained immigrants, Econsult Solutions measured the program participants' contributions to the city and state revenues and overall economies.
Workforce
Today more than ever, workforce training and job growth are essential to a region’s economic resilience. With expertise in workforce data and strategy, ESI provides our clients with insights into baseline conditions and future growth.
Greater Philadelphia Cell and Gene Therapy and Connected Health Sectors – Future Workforce and Talent Needs Analysis
Econsult Solutions provided an independent assessment of the future workforce and talent needs in the cell and gene therapy sector of the connected health industry in the Philadelphia region.
Philadelphia Renaissance: College Student Retention Drives Growth in the City and Region
Econsult Solutions assisted Campus Philly in developing its new report summarizing the impacts of retaining graduates from area college and universities on Philadelphia and the Delaware Valley.
Cognizant Jobs of the Future Quarterly Index
To benchmark the emergence of new jobs, consulting giant Cognizant's Center for the Future of Work worked with ESI through its thought leadership arm ESI ThoughtLab to develop the Jobs of the Future Index.
Navigating Public Financing and Incentive Opportunities
With insightful data-driven analytical capabilities and trusted experience, ESI understands the funding and grant opportunities available for economic development projects, and helps clients submit successful applications.
Redevelopment Assistance Capital Program
Econsult Solutions provides assistance to clients who are seeking or have been awarded Pennsylvania Redevelopment Assistance Capital Program funds.
Better Utilizing Investments to Leverage Development
Better Utilizing Investments to Leverage Development, or BUILD Transportation Discretionary Grant program, provides a unique opportunity for the USDOT to invest in road, rail, transit and port projects that promise to achieve critical objectives.
Opportunity Zone Advisory Services
We provide a comprehensive suite of advisory services for Opportunity Zone investments, from development and investment strategies, to impact evaluation and communications.
Select Clients
- New York City Economic Development Corporation
- Walnut Capital Management
- Wexford Science + Technology
- PIDC
- Visit Philly
- NJ PRO
- Team PA
- University City Science Center
- Harvey, Hanna & Associates, Inc.
- Tower Development
- Drexel University
- Parkway Corporation
- Center for Advanced Infrastructure and Transportation at Rutgers University
- Reading Terminal Market
- Quintessence Theatre
- IMVAX
- State of Montana Commerce Department
- New Mexico Biosciences Authority
- Houston First Corporation
- Delaware River Waterfront Corporation
- King of Prussia Business Improvement District
- Detroit Food and Fitness Collaborative
- East Coast Greenway
- Delaware Valley Regional Planning Commission
- Comcast NBCUniversal
- Brandywine Realty
- PECO/Excelon
- SEPTA
- Pelli Clarke Pelli
- ANBOUND
- Broad Street Ministry
- Mount Airy CDC
- RAIR Philly
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Let us help you find a solution to your most pressing challenges. Our staff and advisory board consists of experienced professionals that provide the highest levels of technical expertise in economics, analytics, and thought leadership.
