CUED
Center
for Urban Economic Development
University of Illinois at Chicago
A
Methodology and Measuring the Benefits and Costs of Economics Development Programs:
Manual for Cost-Benefit Analysis Using the UICUED Evaluation Spreadsheet
and
the REMI Model.
Project Number: 362-A
Report Date: July 1993
Author(s): Joseph Persky, Daniel Felsenstein, Wim Wiewel
The purpose of this manual is to familiarize potential users with the CUED Evaluation Spreadsheet for performing cost-benefit analysis of economic development projects in Chicago. For a detailed description of the economic theory and estimation techniques used in constructing the Evaluation Spreadsheet, see Technical Documentation. It should be understood from the start that the Evaluation Spreadsheet is a tool that helps to characterize projects, but can in no way replace policy analysis. The Evaluation Spreadsheet produces three distinct measures of project impact: an overall cost-benefit estimate in dollars, a measure of the fiscal impact on the City of Chicago, and an index of neighborhood spillovers. Each of these provides important information to the decision making process. The spreadsheet also indicates the distribution of benefits among income groups. Still, other salient project characteristics not explicitly addressed in the Evaluation Spreadsheet provide a logical, and well organized starting point for considering such factors.
UIC
Center for Urban Economic Development (M/C 345)
College of Urban Planning and Public Affairs
400 South Peoria Street, Suite 2100, Chicago, Illinois, 60607-7035
Phone: (312) 996-6336 Fax: (312) 996-5766
College of Urban Planning and Public Affairs
400 South Peoria Street, Suite 2100, Chicago, Illinois, 60607-7035
Phone: (312) 996-6336 Fax: (312) 996-5766
This website is maintained by Cedric
Williams, Manager System Services,
UIC-Center for Urban Economic Development
UIC
University
of Illinois
at Chicago
at Chicago
