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 input-output study. Sources: BEA RIMS II methodology; RIMS II ordering; Rickman & Schwer (1995), "A Comparison of the Multipliers of IMPLAN, REMI, and RIMS II," Annals of Regional Science; Bivens, EPI Employment Multipliers.
Property tax chain: MN Class 3a commercial/industrial rates: 1.5% (first $150K EMV), 2.0% (above $150K). State C/I levy: 28.313% (taxes payable 2026, fixed statewide levy of $716.99M). Combined local NTC rate: 115% (illustrative metro average). Real property fraction: 55% of capital investment (MN exempts most business machinery & equipment). Sources: MN Dept. of Revenue — State General Property Tax; MN House Research — Classification Rates; League of MN Cities — Property Taxation 101.
Translation references: MN avg teacher salary $68K (BLS OEWS); road resurfacing $450K/lane-mile (MN DOT typical suburban); police total comp $95K (illustrative); residential parcels ~8,000 (illustrative suburb); MN median worker wage $57K (BLS OEWS 2024); restaurant/local spend = 12% of induced labor income (illustrative).
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. For decisions involving public funds, commission a RIMS II or IMPLAN-based analysis.