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September 2007


Economic Development Research Update
Economic Development Research Group, Inc. September 2007
In This Issue
Dr. Stephen Fitzroy Joins EDR Group
Le plus ca change
Trade Corridor Study in BC
New High Speed Train EIR Released
Travel Time Savings in Michigan
Fighting Congestion in Altoona
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Dr. Stephen Fitzroy Joins EDR Group

EDR Group is delighted to announce the addition of Dr. Stephen Fitzroy to its team. Dr. Fitzroy's outstanding record in strategic economic research adds new range and depth to EDR Group's existing expertise. Dr. Fitzroy takes up his position this week as EDR Group's Director of Operations Research & Trade - Transport Economics & International Trade.

Stephen Fitzroy has over 30 years of experience in providing economic consulting services and program management for private and public sector clientèle. His areas of expertise include economic analysis applications for transportation planning, long range forecasting, housing, land use, and economic development.

Read on...

New Economist Born

EDR Group's Brian Baird Alstadt and his wife Karen are very proud to announce the arrival of their daughter Amartya Baird Alstadt, born May 23, 2007.

As many will no doubt realize, Amartya is named for India's Nobel Prize-winning economist, Amartya Sen.
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Le plus ca change... New Wine for Old...

"I just want to say one word to you - just one word...plastics... There's a great future in plastics." That was the career advice given to the young college graduate played by Dustin Hoffman in the 1967 movie, The Graduate.

In the Summer 2007 edition of Economic Development Journal, Brett Piercy and Glen Weisbrod of ERG Group present their overview of how economic development strategy and development of business attraction targeting have been changing over time, and how new analysis tools are enabling economic developers to become more sophisticated in their identification and refinement of feasible target strategies.
British Columbia Trade & Manufacturing Opportunities

EDR Group is participating in a new Northwest Trade and Manufacturing Corridor Opportunity Study that will benefit 21 communities along the Highway 16/ Canadian National Rail corridor. For the The Northern Development Initiative Trust of British Columbia, the study is identifying the competitive advantages of this new transportation and trade corridor as it relates to the global manufacturing sector and direct a targeted program for the attraction of investment in manufacturing within communities.

Read on...
New High Speed Train EIR Released


The California High-Speed Rail Authority has released the latest Environmental Impact Report for a portion of the proposed high-speed train between San Francisco and the Central Valley.

The economic impact modeling was conducted by Economic Development Research Group using TREDIS (Transportation Economic Development Impact System). TREDIS is designed to estimate net business attraction impacts of enhanced labor, business travel and tourism markets, as well as the more standard economic impacts of time and cost savings.

 

Read more...

Michigan Releases Highway Economic Plan

When a new highway ramp or bypass is proposed people reasonably ask what the benefits (and costs) will be. Michigan's most recent Five Year Highway Plan attempts to estimate the benefits of its planned highway investments between 2007-2011.

As part of the plan, a new study, co-authored by EDR Group and University of Michigan's Institute of Labor & Industrial Relations, estimates $71 million in travel time savings for households, and $51 million in savings for businesses as a result of improving pavement conditions and increasing capacity between 2007 and 2011.

Read more...

Fighting Congestion in Altoona

Glen Weisbrod, President of Economic Development Research Group, gave a presentation to the Institute of Transportation Engineers annual conference on its opening day of August 6, 2007. The theme was Fighting Congestion, and the presentation by Mr. Weisbrod focused on Impacts of Congestion on Regional Economies. Read more...

Other Recent Presentations by EDR Group Staff

C2ER: "Economic Development Targeting Seminar", L. Petraglia & G. Weisbrod

CDFA: "Evaluating Economic Development Programs", S. Landau

LDDA: "Seven Ways to Put LEAP to Work", L. Petraglia


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