ccw conference: stormwater financing economic impact assessment
DESCRIPTION
Dan Nees, Environmental Finance Center This presentation will provide results of an economic impact study conducted by the Environmental Finance Center at the University of Maryland, College Park in partnership with the Business Economic and Outreach Network (BEACON) at Salisbury University. The study assessed the anticipated economic impact of urban stormwater management investments, focusing specifically on the local impact of practices required as part of the federally mandated Chesapeake Bay restoration effort. The study was conducted as part of a local stormwater financing project led by EFC with the support of the National Fish and Wildlife Foundation.TRANSCRIPT
Stormwater Financing Economic Impact AssessmentPresented by Dan Nees
Choose Clean Water ConferenceJune 5, 2013
Stormwater Financing Economic Impact AssessmentPresented by Dan NeesLand, Air, Water, and Animals Allocation and Distribution of Fiscal Resources Principal Place (LAWAADFRPP)
Choose Clean Water ConferenceJune 5, 2013
Stormwater Financing Economic Impact AssessmentPresented by Dan NeesEnvironmental Finance Center (EFC)
Choose Clean Water ConferenceJune 5, 2013
Discussion Points• Provide brief overview of stormwater financing environment
• Define and explain economic impact analysis (EIA)
• Summarize EFC stormwater EIA project• Discuss role of EIA in broader education and outreach efforts
Overview of Stormwater Financing• There has been a fundamental shift in approach to financing:
Push for impracticability Desire for efficient solutions
Overview of Stormwater Financing• There has been a fundamental shift in approach to financing:
Push for impracticability Desire for efficient solutions
Agriculture
Wastewater
Stormwater
Individual
CommunityInstitution
Implementation Shift
Implementation Shift
Implementation Shift
City of BaltimoreStormwater financing in context:• Population: 621,000• Median household income: $40K (state avg: $72.4K)*
• Citizens below poverty line: 22% (state avg: 9%)**• Percent of community lacking basic literacy skills: 16% (state avg: 11%)***
The impact that stormwater financing has matters…
*United States Census Bureau**United States Census Bureau***U.S. Department of Education
Economic Impact Assessments• Economic impact analysis (EIA) examines the effect of a policy or activity—such as water quality restoration or stormwater financing—on the economy of a given area
EIA: Why Do We Care?
Frames the issue within a community context:Economic developmentJob trainingInfrastructure financing
Estimated Economic Impact of Construction Activities: Value Added
• Based on $100 million investment
Estimated Economic Impact of Construction Activities: Jobs Supported
• Based on $100 million investment
Estimated Economic Impact of Operations and Maintenance Activities: Value Added
• Based on $10 million annual investment
Estimated Economic Impact of Operations and Maintenance Activities: Jobs Supported
• Based on $10 million annual investment
Education and Outreach• EIAs identify industry “winners” in the system
Impacts on Industry Sectors
BusinessesProduct
Development
Manufacturing/Distribution
Site Design
• Civil Engineering• Landscape Architecture • Hydrologic/Hydraulic Engineering • Environmental Engineering
• Landscape Media • Construction Equipment• Plumbing Equipment & Supplies • Building Supplies• Farm & Garden Machinery & Equipment • Nurseries and Horticultural Services• Arborist Services• Cistern Manufacturers• Meters Sensors and Components Manufacturers
• Landscape Architecture • Architecture Firms• Planning and Expediting Services• Civil Engineering Services• Hydrology• Permitting and Administrative Services • Soil Scientist Services
Source: Gray to Green: Jumpstarting Private Investment in Green Stormwater Infrastructure (Philadelphia SBN’s Green Economy Task Force)
Businesses
Construction
Monitoring/Maintenance
• General Construction Services• Paving, Surfacing and Tamping Services• Roof Contracting Services• Landscaping Services• Poured Concrete Foundation & Structure Contracting Services• Site Management and Evaluation Plumbing Services • Electrical Services• Hauling Services • Truck and Tractor Operations • Weatherization Companies• Demolition/Deconstruction• Hazardous Waste Treatment and Disposal Services
• Service Technician Firms• Landscaping• Compliance Testing and Monitoring • Septic Tank Servicers and Sewer Pipe Cleaning • Plumbing/Sprinklers/Irrigation• Jetvac Cleaning Services• Erosion and Sediment Inspection
Source: Gray to Green: Jumpstarting Private Investment in Green Stormwater Infrastructure (Philadelphia SBN’s Green Economy Task Force)
Occupations
Product Development
Manufacturing/Distribution
Site Design
• Civil Engineers• Landscape Architects• Environmental Engineering Technicians
• Machinists• Welders, Cutters, and Welder Fitters• Soil and Plant Scientists
• Environmental Engineers• Hydrologists• Nursery & Greenhouse Managers (includes Horticulturists)
Source: Pennsylvania Department of Labor and Industry, Labor Market Information System. https://paworkstats.geosolinc.com/
Construction
• First-line Supervisors of Construction Trades and Extraction Workers: $25.87 - $46.18
• Cement Masons & Concrete Finishers: $19.21- $24.96• Construction Laborers: $15.52 – $24.58• Plumbers: $22.81-$34.80• Roofers: $17.11 - $24.87• Paving, Surfacing and Tamping Equipment Operators: $21.45- $36.61
Occupations
Monitoring/Maintenance
• Supervisors of Landscaping and Groundskeeping Workers• Landscaping and Groundskeeping Workers• Maintenance and Repair Workers, General• Water and Wastewater Treatment Plant and System Operators• Septic Tank Servicers and Sewer Pipe Cleaners
Source: Pennsylvania Department of Labor and Industry, Labor Market Information System. https://paworkstats.geosolinc.com/
Hourly Wage Range reflects 2011 data for Philadelphia County.
Education and Outreach• EIA identify industry “winners” in the system• Make the “winners” advocates
Education and Outreach• EIA identify industry “winners” in the system• Make the “winners” advocates • Context in the community matters• Impact on the community matters• Value to the community matters
CONCLUSIONDan Nees, Senior Research AssociateEnvironmental Finance [email protected]