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Consultant: Oskaloosa Brownfields grants generated $115.2 million in modeled economic output
Summary
A consultant told the council that modeling of the city's 2014 and 2019 EPA Brownfields grants produced a $115.2 million total output, supported roughly 164 full-time-equivalent jobs, and generated measurable tax and wage impacts; consultant emphasized results vary by project mix.
Ben Schmayer, the consultant hired to analyze the economic impacts of Oskaloosa's EPA Brownfields grants, presented the city council with methodology, assumptions and results for the 2014 and 2019 grants during the Oct. 6 meeting.
Schmayer described using an input-output model to translate redevelopment activity into economic output, payroll and tax effects. He said the analysis modeled public versus private development, distinguished renovations from new construction and used county- and industry-level salary and…
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