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2013

Citywide Ferry Study for the New York City Economic Development Corporation

May 13, 2014 by ESI Admin

Econsult Solutions, Inc. (ESI) contributed to The Citywide Ferry Study 2013 report commissioned by New York City Economic Development Corporation (NYCEDC). ESI assessed the real estate and development benefits attributable to the East River Ferry.

ESI’s analysis focused on the real estate and development benefits, the direct user benefits, wider economic benefits, the transit system benefits, and system redundancy.

ESI found that ferry service increased the value of homes that were within a band extending to 1/8 mile away by 8.0%, and 2.5% for all homes within a 1/8 of a mile to 1/4 mile band away. In addition, new residential developments within 1/4 mile to service, increased by nearly 350 additional residential units and 487,238 residential square feet. In several cases, the total user benefits were greater than total operating costs, meaning that the subsidy was basically less than the total net benefit for users after paying the fare. The report found agglomeration effects for worker accessibility with greater service, as well an easing impact on the transit network, as ameliorating overcrowding on New York’s typical public transit system. Finally, as tragically shown by September, 11 and Hurricane Sandy, the ferry service can be established relatively easily and quickly to respond to transit service disruptions.

 

Filed Under: Report

U.S. Kitchen Incubators: An Industry Snapshot

April 3, 2014 by ESI Admin

Econsult Solutions, Inc. (ESI) conducted a State of the Industry Report on Kitchen Incubators, a first of its kind study on national approaches to aiding culinary micro-enterprise. A kitchen incubator serves as a space for culinary entrepreneurs to rent licensed kitchen space and benefit from business assistance services.

Gregory Heller, ESI Senior Advisor, who specializes in food systems and urban economic development spearheaded the report. This report compliments and adds to the breadth of ESI’s extensive research focused nationally on best practices for kitchen incubators.

 

Filed Under: Report

The Impacts of SEPTA Regional Rail Service on Suburban House Prices

October 2, 2013 by ESI Admin

Econsult Solutions, Inc. (ESI) used data on single-family house transactions over the 2005 to 2012 period in Bucks, Chester, Delaware and Montgomery counties to estimate the property value premium that results from being located close to a Regional Rail station. Using a hedonic regression model, we found that proximity, service frequency and commuter parking all contribute strongly to suburban house values.

Filed Under: Report Tagged With: SEPTA

Annual Philadelphia Disparity Study – 2012

May 31, 2013 by ESI Admin

From 2006 to date, Econsult Solutions, Inc. (ESI) has been retained by the City of Philadelphia to conduct an annual disparity study (Milligan and Company partnered with ESI beginning with the FY 2008 study).  The study is designed to analyze the city of Philadelphia’s utilization of Minority Business Enterprises (MBEs), Women Business Enterprises (WBEs) and Disabled Business Enterprises (DSBEs) – collectively known as M/W/DSBEs – relative to the availability of such firms to compete for city business.

The studies help to determine the extent to which disparity exists, as well as provide critical data in the development and formulation of the finance director’s annual participation goals. It is an important component of safeguarding the public interest by identifying and rectifying instances of discrimination and proactively seeking ways to promote the inclusive participation of M/W/DSBEs in economic opportunities.

Disparity is measured as the ratio of M/W/DSBE utilization to M/W/DSBE availability, with “utilization” for each category and industry sector defined as the total dollar value of contracts awarded to for-profit M/W/DSBE prime contractors and sub-contractors certified by the city of Philadelphia’s Office of Economic Opportunity (OEO) divided by the dollar value of all city contracts awarded to for-profit prime contractors and sub-contractors, as recorded in OEO’s Annual Participation Report.

A disparity ratio greater than 1.0 represents over-utilization, whereas a disparity ratio less than 1.0 represents under-utilization.

Each year, ESI makes recommendations for future study methodology and scope, policy and programming, data collection and goal-setting. These recommendations have included streamlining of certification and contract processes, centralizing and automating processes via information technology systems and building redundancy into the process to avoid bottlenecks and provide necessary checks and balance.

Filed Under: Report Tagged With: disparity study, Philadelphia, public policy

Economic Impact Analyses on the Municipal Waste Industry in Pennsylvania

May 13, 2013 by ESI Admin

featured project pwia2Econsult Solutions, Inc. (ESI) prepared a study for the Pennsylvania Waste Industries Association on the economic impact of the municipal waste collection, transportation, recycling, and disposal industry in Pennsylvania. This is the third such study the Pennsylvania Waste Industries Association (PWIA) has commissioned. Each study, including this one—which encompasses an economically challenging time period in our nation’s economic history—validates the growth and the value and importance of the industry’s contribution to the Pennsylvania economy.

PWIA specifically represents the private-sector members of the industry and is the Pennsylvania state chapter of the National Waste & Recycling Association. The numbers in this study were determined using accepted economic methodology, based on official state and national data and information collected in a survey of Pennsylvania landfill operators, haulers, and recyclers. Most people put out their trash and recycling bins and think no more about them once they’ve been emptied. Most neither understand nor appreciate the magnitude of what lies behind this seemingly simple service. The traditional handling of solid waste and the rapidly-growing commitment to recycling (Pennsylvania’s statewide recovery rate of recyclables from the waste stream is 35 percent) combine as complementary elements that serve and benefit all Pennsylvanians. Among the report’s key findings:

  • The municipal waste industry collects, hauls, and disposes of 8.6 million tons of Pennsylvania municipal solid waste annually. Overall, it operates 45 municipal waste landfills, five construction demolition landfills, three residual waste landfills, and six resource recovery facilities, all dealing with non-hazardous materials.
  • The industry also serves as the “front end” of recycling in Pennsylvania— collecting, hauling, separating, and processing to varying degrees the recyclables that become the feedstock for re-use and re-manufacture into new products. Recycling is the fastest-growing component of the waste industry. The amount of materials recycled in Pennsylvania grew from 4.8 million tons in 2006 to 5.85 million tons in 2011, an increase of 20 percent. The municipal waste industry has invested heavily in single-stream processing technology that makes recycling more attractive and effective. About 30 percent of Pennsylvania’s recycled commodities are exported, bringing new money into the state economy.
  • The municipal waste industry also is a leader in developing and delivering “green energy” from landfill gas, helping to make Pennsylvania the No. 2 state in the nation for operational landfill gas-to-energy projects.
  • About half of the industry’s $4.2 billion statewide annual economic contribution is in the form of direct annual operating expenditures and employment within the municipal waste industry—roughly $2.3 billion. (The industry directly provides jobs to about 12,000 people at an average wage of $55,000 per year.) The other half of the economic contribution occurs in the form of indirect and induced impacts—ripple economic activity and employment “across a multitude of industries” that do business with and provide services to the municipal waste industry.
  • In addition, the municipal waste industry annually generates about $250 million in various taxes and fees to state and local governments, including about $80 million a year in state disposal, recycling, and environmental fees and about $60 million a year in payments to municipalities that host disposal facilities.
  • And in just the period of 2010 to 2012, the municipal waste industry invested $400 million in capital improvements. Through collection, recycling, and disposal, the municipal waste industry is a positive contributor to the Commonwealth of Pennsylvania and to local communities. It represents a considerable array of job opportunities for local residents and contract opportunities for local vendors. It is a major source of tax and fee revenue to state and local governments. And the innovations that have come from the private sector of this industry have helped establish Pennsylvania as a national leader in environmental safety, recycling growth, and the production of green energy.

The bottom-line conclusion of research is that the municipal waste industry in Pennsylvania produces a total economic impact of more than $4.2 billion a year and supports more than 26,000 jobs.

> Executive Summary: Economic Impacts of the Municipal Waste Industry in Pennsylvania (PAWasteIndustries.org)
> Press: Waste, Recycling Industries Contribute $4.2 Billion To PA Economy (NorthCentralPA.com)
> Press: Waste industry contributes $4.2B to Pa. economy (LVB.com)

Filed Under: Report Tagged With: economic impact, Fiscal Impact

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