Case Study: Lynchburg Regional Business Alliance boosts Amherst County economic impact with IMPLAN

Assisted Economy The economic impact of an assisted living facility in one Virginia county

The Lynchburg Regional Business Alliance, an economic development organization, faced the challenge of convincing the Amherst County Board of Supervisors to offer a significant land incentive to secure a new assisted living facility. To make their case, they needed to move beyond potential benefits and present a data-driven, compelling argument for the project's true economic impact. They turned to the economic data and analytical software from their vendor, IMPLAN, to perform this crucial analysis.

Using IMPLAN's economic impact analysis, the Alliance quantified the project's extensive benefits. The solution provided by IMPLAN revealed that the construction phase would stimulate over $16 million in spending and create 124 jobs, while ongoing operations would contribute over $2 million in annual spending and support 66 long-term jobs. Armed with these metrics, the Alliance successfully made their case. The IMPLAN analysis was instrumental in demonstrating the substantial return on investment, ultimately helping to secure the project for the community.

Lynchburg Regional Business Alliance