Economic & Fiscal Impact Analysis
We conduct rigorous assessments that measure the economic and fiscal effects of transformative investments. Using advanced modeling, industry expertise, and place-based data, we evaluate job creation, revenue generation, multiplier effects, and public costs, providing stakeholders with compelling evidence to support investment priorities, secure funding, support negotiations, and demonstrate the tangible benefits of transformative projects.
HR&A worked with Forest Forward, a Dallas-based non-profit, to quantify the economic and community impacts of redeveloping the historic Forest Theater in South Dallas. Our analysis demonstrated how this landmark project would generate measurable economic benefits while expanding equitable access to cultural arts facilities and strengthening community health and safety outcomes across South Dallas.
HR&A has guided Vanderbilt University since 2023 in its efforts to catalyze Nashville's innovation economy. Through real estate strategy, market and feasibility analysis, developer partnership selection, and project management support, we are helping Vanderbilt to transform approximately 40 acres of underutilized campus land into a dynamic mixed-use neighborhood with cutting-edge spaces for innovation. In addition, we supported the creation of the Nashville Innovation Alliance to strengthen cross-sector partnerships, accelerate research commercialization, and grow talent pipelines to cement the region’s role as a national hub for innovation and entrepreneurship.
HR&A Advisors serves as the retained executive team for the Rowen Foundation, orchestrating the creation of a 2,000-acre innovation community in the Atlanta Metro Region that will connect research, education, and industry across agriculture, medicine, and environmental science. As the operational leadership for this transformative project, HR&A directs all aspects of development including real estate strategy, foundation operations, tenant attraction, board governance, and public-private partnerships spanning Georgia's higher education institutions and government entities.
HR&A conducted a comprehensive economic and fiscal impact analysis for Cornell Tech, quantifying the institution's contributions to New York City's economy through campus construction, operations, student spending, and startup activity. The analysis showed that Cornell Tech generated $768 million in total economic impact and supported 2,800 jobs in FY 2022-2023, with projections showing growth to $1.5 billion in economic impact and 7,000 jobs by 2030, establishing the institution as one of the city's most effective economic development investments.
