Case Study: United Fund Advisors quantifies economic impact and strengthens NMTC funding with IMPLAN

United Fund Advisors quantifies $29 million NMTC impact with IMPLAN

United Fund Advisors (UFA), a Community Development Entity, needed to quantify the economic benefits of a major New Markets Tax Credit-funded project in Portland to prove its value and secure future funding. Their challenge was to move beyond assumptions and provide concrete, data-driven evidence of the project's impact on jobs and local spending. To address this, they turned to the economic impact data and analysis from their vendor, IMPLAN.

Using IMPLAN, UFA was able to perform a detailed economic impact analysis of the $29 million project. The solution provided by IMPLAN enabled them to measure direct, indirect, and induced effects, calculating the exact number of jobs created and the total local economic activity stimulated. The results were significant, helping to demonstrate a dramatic decrease in the local poverty rate from 50% to 28% over a decade. This success allowed UFA to justify their use of funds and strengthen their track record for securing future allocations.

United Fund Advisors (ufa)