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Definition
| LQ- measures concentration of industry in a geographic area relative to a larger area. |
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| ratio between expected creation of jobs in a community & need for housing |
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| reflects full economic impact of spending a dollar. shows that impact extends beyond the original expenditure |
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Definition
| considers future benefits & cost of alternative projects. |
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| fiscal impact analysis (cost revenue analysis) |
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Definition
| determines if a project will generate enough revenue (via taxes/fees) to pay for the additional public services required due to project |
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Definition
| measures relationship among industries in region showing what is used locally & what is exported |
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| tracks local area share of larger regional market for goods & services over time to determine if local share is growing, declining, or stable |
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Definition
| technique to estimate how much retail activity & how much retail space will be needed in future. also id's what retail activity is most/least in demand |
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Definition
| used to compare/contrast growth rates among industrial sectors. used to distinguish between effects of national & local economic trends |
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| group of geographically close businesses that have a relationship to each other. ex. suppliers/manufacturers of car parts & auto assembly plants. |
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Definition
| phenomenon where businesses locate close to one another in effort to benefit economically from proximity. ex. McD will go next to Wendy's next to BK etc. Target near Lowes etc. |
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| role local govt. plays in stimulating economic activity. Ex. public/private partnerships etc. |
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| mismatch between supply/demand for labor. typically due to changing technological requirements. ex. jobs are out there but folks don't have the technical skills to take them. |
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Term
| community shopping center |
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Definition
| 100k-450k sq ft w/ average 150k sq ft. Typically will have a mid-size dept. store as anchor tenant |
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Term
| neighborhood shopping center |
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Definition
| 30k-100k sq ft. smaller scale & designed to serve needs of neighborhood. ex. drug/convenience store. |
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Term
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Definition
| 300k-1 million+ sq ft. ex. larger malls with multiple anchors & variety of stores. |
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Term
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| business improvement district: a special assessment (tax) district where funds are collected/spent to better serve the business district. ex.- extra garbage collection, police presence, design improvements (street lights) etc. |
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Definition
| facility dedicated for start up businesses. could be low cost/free rent, access to business machines/support staff etc. a low/no cost. intent is to allow biz to take off w/ minimum restrictions/road blocks |
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