Enter a proposed development's details. We model its regional economic impact and provide honest, locally-grounded context for civic leaders.
Economic multipliers: Illustrative Type II (direct+indirect+induced) based on published RIMS II/IMPLAN behavior by sector. Not a region-specific I-O study. Source: BEA RIMS II methodology; Rickman & Schwer (1995).
Property tax: MN Class 3a commercial/industrial rates: 1.5% (first $150K EMV), 2.0% (above $150K). State C/I levy: 28.313% (taxes payable 2026). Combined local NTC rate: 115% (illustrative metro average). Real property fraction: 55% of capital investment. Source: MN Dept. of Revenue, MN House Research.
Translation references: MN avg teacher salary $68K; road resurfacing $450K/lane-mile; police total comp $95K; residential parcels ~8,000 (illustrative suburb); MN median worker wage $57K (BLS); restaurant/local spend = 12% of induced labor income.
What this model does not capture: Displacement of existing activity; full public service costs; environmental or quality-of-life impacts; TIF structure; incentive costs. Results are gross activity estimates.