In December 2007, AngelouEconomics was selected by the City of Tacoma to perform a study on the economic impact of its downtown on the area economy. The analysis examined a comprehensive array of downtown variables including employment by industry, new development, tourism, retail, and arts and cultural institutions to determine the economic value they produce. The evaluation presented the downtown’s impact on multiple geographies – city, county, and state – and compared the existing impact with historical data and trends. The final impact statement provided the direct and indirect impacts of downtown Tacoma on jobs, wages and income, economic activity, retail sales, and city tax revenue. AE also provided a geospatial analysis of downtown industries and recommendations for future development opportunities that will enhance the already substantial economic impact of the area.
WA
