Northern Economics has studied the impacts of various potential projects on regional economies based on the direct, indirect, and induced employment; labor income; value added benefits/costs; and tax revenues. |
For projects ranging in scale from a washeteria in a remote Alaska village to a new multi-million dollar convention center for Alaska’s largest city, Northern Economics has helped our clients take community development projects from concept to reality. In order to realize client communities’ potential, Northern Economics puts feet on the ground to understand the issues they face and then finds the set of tools that will enable them to grow. Using this philosophy, Northern Economics has applied regional economic modeling, land use studies, diversification studies, and funding and fee structure studies to develop comprehensive economic development strategies (CEDS), and implementation plans that allow communities to grow strong. These strategies are only effective if they are implemented. That is why Northern Economics specializes in developing practical, cost-effective solutions. These projects help communities and regions improve their financial situation by diversifying their economies through the expansion of existing industries and the development of new ones. Northern Economics’ experts are ready to help your community unlock its full potential. |
Selected ProjectsAnalysis of Anchorage Civic and Convention Center Northern Economics conducted studies to examine the market demand, feasibility, and economic impacts of the Dena'ina Civic and Convention Center on the Anchorage Economy. > Nikiski Industrial Park Feasibility Study Northern Economics conducted a feasibility study for an industrial park near Nikiski, Alaska in the Kenai Peninsula Borough. > Mat-Su Ferry Feasibility Study Project work required revenue and traffic forecasting, projections on passenger, vehicle and cargo use for Port MacKenzie; an estimate of peak commuter and truck vehicles by year and time of day; recommended fares; and suggested levels of service frequency. > Bristol Bay Dock Expansion Proformas The Bristol Bay Borough requested financial and business management assistance in preparing documents for an expansion of the Borough’s dock, located in Naknek. > |