Laserfiche WebLink
<br />C. Economic Impact Analysis <br /> <br />KMA will estimate the direct and indirect/induced economic impacts of: 1) the proposed <br />Stanford project; 2) the existing R&D development; 3) the property's use in 2000/2001 ;and 4) <br />the hypothetical"opportunity cost" projects. Direct economic impacts include: economic output <br />(gross receipts), employment, and payroll of the on-site businesses. Indirect/induced economic <br />impacts are the impacts that the on~slte businesses have on other business in Redwood City <br />through the expenditures of on-site businesses on materials and services as well as the <br />expenditures of on-site employees on goods and services at other Redwood City businesses. <br /> <br />Task 1: Estimate Direct Economic Impacts <br /> <br />Direct impacts will be measured based on information provided by the existing R&D businesses <br />as well as information from Stanford. <br /> <br />Task 2: Estimate Indirect and Induced Impacts on Other Redwood City Businesses <br /> <br />Indirect and induced impacts will be measured using the IMPLAN multipliers that are prepared <br />by the Minnesota IMPLAN Group and are available to measure indirect/induced impacts <br />generated by specific businesses types at the city level. Using the IMPLAN multipliers, KMA will <br />estimate the impacts of the existing businesses, the proposed Stanford Project, and the <br />"opportunity cosf' projects. <br /> <br />Consistent with the RFP, KMA will estimate the impact that the scenarios have on the number of <br />Redwood City jobs, other business output, other business payroll and the linkages to target land <br />uses, such as R&D development. <br /> <br />D. Chlldcare Needs Analysis <br /> <br />1. Child Care Demand Analysis for Stanford University Employees <br /> <br />KMA will prepare an analysis that quantifies the increase in demand for child care spaces <br />generated by the employees of the Project. The analysis links the number of employees <br />associated with the Project, to the number of children in the new employee households, to the <br />number of children needing child care, distributed by how child care needs are met. <br /> <br />KMA's traditional methodology isolates employee households demanding child care located at <br />(or near) the place of work from those demanding child care near place of residence. However, <br />if the City desires, the analysis could be adjusted to estimate new Stanford employee <br />households demanding child care spaces located elsewhere in Redwood City as well. The <br />analysis concludes with the level of demand for child care spaces at or near the Project (or <br />within Redwood City, If desired), generated by the new employees. <br /> <br />Keyser Marston Associates, Inc. <br />\\Sf-fs1\wp\99\99900\900b.851 to 900\900b-865 Rev 3.10.09.doc <br /> <br />Page 5 <br />January 2009 <br />