Resume of Dr. Michael K. Evans
2785 N.W. 26th St.
Boca Raton, FL 33434
561-470-9035
mevans@evanseb5.com
CURRENT AND PREVIOUS POSITIONS
• Chairman, Evans, Carroll & Associates, Inc., 1980-present (previously Evans
Economics)
Economic consulting firm specializing in EB-5 immigration analysis, economic
impact studies of development projects and new construction, models of state
and local tax receipts, impact of current and proposed government legislation,
and construction of econometric models for individual industries and
companies.
• Chief Economist, American Economics Group, 2000-2008.
Built a comprehensive state modeling system that provides economic analysis for
a variety of consulting projects (see below).
• Clinical Professor of Economics, Department of Managerial Economics and
Decision Sciences (MEDS), Kellogg Graduate School of Management,
Northwestern University, 1996-99.
Taught courses in macroeconomics and business forecasting. Wrote textbooks
for both courses.
• Winner of Blue Chip Economic Indicator Award for most accurate
macroeconomic forecasts during the past four years, November 1999
• Founder and President, Chase Econometric Associates, 1970-1980
• Assistant and Associate Professor of Economics, Wharton School, University of
Pennsylvania, 1964-69. Co-developer of the original Wharton Model.
• Visiting Professor, Radford University, (Radford, VA), 1987
Chairman of Institute for International Economic Competitiveness
• Visiting Lecturer, Hebrew University (Jerusalem), 1966-67
Built econometric model of the Israeli economy
Ph. D. in Economics, Brown University. Dissertation, "A Postwar Quarterly Model
of the United States Economy, 1948-1962". A. B. in Mathematical Economics,
Brown University
PREVIOUS ACTIVITIES AND EDUCATION
• Contributing Editor, Industry Week
Wrote a column in each issue on economic and financial trends as they impact
the manufacturing sector.
• Editor, The Evans Report
Weekly newsletter discussing economic trends and financial markets. Pioneered
the concept of the Monthly Tracking Model to incorporate recent economic
releases into the overall economic forecast, including methods to predict these
economic data.
• Consultant, National Printing Equipment and Supply Association
Prepared quarterly forecasts of shipments of printing equipment and graphic arts
supplies by product line, based on an econometric model constructed for NPES.
Also prepared analysis and forecasts of exports and imports by principal product
line.
• Consultant, APICS -- The Educational Society for Resource Management,
Designed and developed the APICS Business Outlook Index, which uses survey
data collected by the Evans Group to measure current production, production
plans, shipments, employment, new orders, unfilled orders, inventory stocks, and
the comparison of the actual to desired inventory/sales ratio to predict short-term
changes in manufacturing sector activity. The results of this survey appeared
every month in APICS: The Performance Advantage
• Consultant, American Hardware Manufacturing Association
Wrote a separate weekly edition of the Evans Report analyzing recent trends in
the hardware and housing industries, including forecasts of the hardware industry
based on an econometric model developed for AHMA.
• Board of Economists, Los Angeles Times
Wrote column every 6 weeks (5 other economists on the Board)
• Columnist, United Press International
Wrote twice-weekly column, "Dollars and Trends"
• Consultant, Senate Finance Committee,
Built the first large-scale supply-side model of the U. S. economy
• Consultant, Environmental Protection Agency and Council on Environmental
Quality
Estimated inflationary impact of government regulations
• Consultant, National Aeronautics and Space Administration
Estimate impact of R&D spending on productivity growth
• Consultant, U. S. Treasury
Estimated impact of investment tax credit and accelerated depreciation on capital
spending by industry
• Consultant, U. S. Department of Agriculture
Built large-scale econometric model of agricultural sector of U. S. economy
• Consultant, Organization of Economic Cooperation and Development
Built econometric model of the French economy
SAMPLE OF RECENT CONSULTING PROJECTS
A. Economic Impact of EB-5 Immigrant Investor Programs and
New Markets Tax Credits
Key to symbols: N, new regional center, E, extension of existing center
List is current as of April 1, 2011. Totals to date are 87 new regional centers, 58
extensions, and 7 new markets tax credits, for a total of 152 projects
E● Calculated the economic impact of construction and operation of a new
automobile assembly plant in Petersburg, VA
N● Calculated the economic impact of operating a call center for the U.S.
government in Muskogee, OK
N● Calculated the economic impact of developing a mixed-use commercial and
residential center in Scottsdale, AZ
N● Calculated the economic impact of constructing and operating a “Green Box”
facility in New Jersey to process waste material on a pollution-free basis.
N● Calculated the economic impact of constructing and operating a “Green Box”
facility in Washington State to process waste material on a pollution-free basis.
E● Calculated the economic impact of constructing and operating a new hotel in
Coral Gables, FL
E● Calculated the economic impact of developing a new residential community
in Brevard County, and retail stores and restaurants in St. Lucie County, FL
N ● Calculated the economic impact of a new business to store and process field
crops in Madison, MS
N● Calculated the economic impact of operating food service establishments
and assisted living centers in 40 counties in Texas.
E● Calculated the economic impact of developing a mixed-use commercial center
in Miami, FL
N● Calculated the economic impact of renovating a theater in New York City to
show film highlights of previous Broadway hits.
N● Calculated the economic impact of renovating and operating distressed
buildings in the San Francisco Bay area.
E● Calculated the economic impact of a mixed-use commercial center in
Montgomery County, TX
E● Calculated the economic impact of expanding a manufacturing facility to
produce more energy-efficient lighting in Sarasota, FL
N● Calculated the economic impact of developing facilities for amateur sporting
events in northern GA
N● Calculated the economic impact of developing a mixed-use commercial
center in Missoula, MT
N● Calculated the economic impact of operating call centers in Las Vegas, NV,
and other western Nevada counties
E● Calculated the economic impact of constructing and operating a proton
cancer treatment center in Boca Raton, FL
E● Calculated the economic impact of constructing and operating a “Green Box”
facility in Detroit to process waste material on a pollution-free basis.
E● Calculated the economic impact of renovating and expanding commercial
property in Lower Manhattan
N● Calculated the economic impact of constructing student housing and retail
stores in Davie, FL
E● Calculated the economic impact of constructing residential housing near
Harvard University
E● Calculated the economic impact of developing mixed-use commercial centers
in Broward County, FL
E● Calculated the economic impact of renovating a Dallas apartment building
E● Calculated the economic impact of renovating and operating a nursing home
in Las Vegas, NV
E● Calculated the economic impact of constructing a hotel and shopping center
in Miami, FL
E● Calculated the economic impact of developing a design center in Miami/Dade
county, FL
E● Calculated the economic impact of developing and operating a chain of
children’s playrooms and party facilities in South Florida
E● Calculated the economic impact of developing a new stadium for the Nets
basketball team, to be located in Brooklyn, NY
E● Calculated the economic impact of developing a Marriott hotel in Washington,
D.C.
E● Calculated the economic impact of developing and operating a casino for
foreign patrons in Las Vegas, NV
E● Calculated the economic impact of operating a series of yogurt fast-food
restaurants in South Florida
E● Calculated the economic impact of constructing steel homes and commercial
buildings in South Florida
N● Calculated the economic impact of construction and operation of a farm
distillery in Vermont
N● Calculated the economic impact of purchase and renovation of deeply
discounted residential properties in South Florida
N● Calculated the economic impact of a hotel to be built near LaGuardia Airport
in Queens, NY
N● Calculated the economic impact for several mixed-use commercial and
residential properties for a regional center covering southern Wisconsin and
northern Illinois.
N● Calculated the economic impact for mixed-use commercial project in
Flushing, NY
E● Calculated the economic impact for major new hotel near the Washington, D.
C. conference center
N● Calculated the economic impact of an assisted living center in suburban
Atlanta, GA
N● Calculated the economic impact of an office tower in mid-town Manhattan for
the diamond trade
N● Calculated the economic impact of three mixed-use commercial and
residential projects in Santa Clara County, CA
N● Calculated the economic impact of six mixed-use commercial and residential
projects in Los Angeles, Orange, Riverside, and San Bernardino counties
N● Calculated the economic impact of operating a chain of pizza restaurants in
southern Florida.
N● Calculated the economic impact of constructing and operating an assisted
living facility in Atlanta, GA
E● Calculated the economic impact of constructing and operating an expansion
of University Hospital in Cleveland, OH
E● Calculated the economic impact of a wastewater treatment plant in Victorville,
CA
N● Calculated the economic impact of drilling for geothermal energy and
constructing and operating power plants in several counties in Nevada
E● Calculated the economic impact of a vacation club operation in Orlando, FL
E● Calculated the economic impact of constructing and operating an extended-
stay hotel in Boston, MA
E● Calculated the economic impact of constructing and operating an assisted
living facility in Walton County, FL
N● Calculated the economic impact of manufacturing and constructing residential
and commercial steel modular buildings in Lee County, FL
E● Calculated the economic impact of a chain of yogurt and juice stores and
restaurants in southern Florida
E● Calculated the economic impact of two mixed-use commercial developments
in Orange County, CA
E● Calculated a Targeted Employment Area by census tracts for six counties in
the Houston, TX metropolitan area
E● Calculated the expansion of new hybrid car manufacturing facility from
Mississippi to Tennessee and Virginia
E● Calculated the economic impact of construction and operation of a skilled
nursing facility in Las Vegas, NV
N● Calculated the economic impact of construction and operation of a proton
cancer treatment center and medical offices buildings in Los Angeles County, CA
E● Determined the economic impact of improving facilities at the Port of
Baltimore in order to attract more shipping from the Panama Canal when the
locks are widened.
N● Calculated the economic impact of a major hotel and resort area in Ft.
Lauderdale, FL.
N● Calculated the economic impact of building steel homes in South Florida,
including the local manufacture of steel fabricated parts.
E● Calculated the economic impact of constructing and operating a hotel at
Times Square in New York City.
N● Calculated the economic impact of a mixed-used residential and commercial
project in Atlanta, GA.
E● Calculated the economic impact of expanding and opening new restaurants in
Dallas, TX. In a separate project, calculated the economic impact of renovating,
refurbishing, and operating a boutique hotel in Dallas, TX.
E● Calculated the economic impact of building and operating low-income
housing in Boston, MA.
N● Calculated the economic impact of constructing and operating assisted living
facilities in eight rural Texas counties.
N● Calculated the economic impact of a mixed-use commercial project in
Riverside County, CA.
E● Calculated the economic impact of opening a manufacturing plant for “green”
motor vehicles in the Detroit, MI area. APPROVED
E● Calculated the economic impact of constructing and operating hotels and
restaurants in Columbus, MS.
E● Calculated the economic impact of operating restaurants in the Hotel W in
Hollywood, CA.
N● Calculated the economic impact of a mixed-use commercial project in
McCook, IL (suburban Chicago).
N● Calculated the economic impact of constructing and operating a water-based
amusement facility in San Diego, CA.
N● Calculated the economic impact of a mixed-use commercial facility in
suburban Cincinnati, OH (project is in KY).
E● Calculated the economic impact of constructing and operating a casino, hotel,
and restaurant in Las Vegas, NV.
N● Calculated the economic impact of a new academic institution for alternative
energy in Santa Clarita, CA.
N● Calculated the economic impact of several mixed-used projects in San
Francisco, Alameda County, Santa Clara County, and Fresno County.
N● Calculated the economic impact of a super energy store and solar farm in
Riverside County, CA.
N● Calculated the economic impact of a prostate cancer treatment center in
South Carolina.
E● Calculated the economic impact of refurbishing and expanding retail space at
the George Washington Bridge in New York City.
E● Calculated the economic impact of building Atlantic Yards, new stadium for
the New York Nets, in Brooklyn, NY APPROVED
N● Calculated the economic impact of an assisted living center and several
mixed-use commercial facilities in the Reno, NV area.
E● Calculated the economic impact of buying residential properties at deep
discount prices, refurbishing and selling them, in South Florida.
N• Calculated the economic impact for a fractional-ownership marina in Port
Charlotte, FL, plus office space, retail stores, restaurants, and a home brokerage
office. APPROVED
N• Calculated the economic impact of construction and operation of four
retirement homes in Vermont.
E• Calculated the economic impact of an upscale retail shopping center in Vail,
CO. and a medical office building in Edwards, CO (both in Eagle County).
APPROVED
E• Calculated economic impact of a wind turbine manufacturing plant in Larimer
County, CO APPROVED
N• Calculated economic impact of a hotel, retail stores, restaurants, office
buildings, and bank facilities in Pasadena, CA
N• Calculated economic impact of a luxury hotel and condominiums in Destin, FL
N• Calculated economic impact of constructing and operating a mixed-use
commercial project in Jupiter, FL APPROVED
E• Determined whether 17 possible restaurant locations in Miami/Dade and
Broward Counties qualified as Targeted Employment Areas.
E• Determined the economic impact of opening and operating a slot-machine
casino in Hanover, MD, as part of a proposed EB-5 regional center for the
Baltimore metropolitan area.
N• Calculated the economic impact of renovating and expanding a restaurant on
Martha’s Vineyard, MA, as part of an EB-5 regional center in that state.
N• Determined the economic impact of assembling and installing solar panels for
residences in the state of LA.
E• Determined a Targeted Employment Area for Dallas, TX as part of a proposed
EB-5 regional center for the Dallas area. APPROVED
N• Calculated the economic impact for various mixed used projects for a
proposed regional center for the entire State of Texas, including shopping
centers, office buildings, restaurants, assisted living centers, medical technology
facilities, and other personal and business services.
N• Calculated the economic impact for the construction and operation of several
fast-food restaurants in 10 counties in central California.
N• Calculated the economic impact for the renovation and expansion of a
shopping mall in Greenville, SC.
E• Calculated the economic impact of buying existing apartment buildings at
deep discount prices, renovating and operating them, in 21 counties in FL.
N• Calculated the economic impact of building and operating an institute for
proton cancer therapy for a proposed EB-5 regional center in Brooklyn, NY.
APPROVED
N• Calculated the economic impact of building and operating a mixed-use facility
with medical offices, hotels, and apartments for a proposed EB-5 regional center
in Queens, NY. APPROVED
E• Determined a Targeted Employment Area for Philadelphia, PA as part of a
proposed EB-5 regional center for the Philadelphia area. APPROVED
N• Calculated the economic impact of a proposed office building and mixed-use
facility for an EB-5 regional center in Dallas, Texas APPROVED
N• Calculated the economic impact for various mixed-use projects for a proposed
EB-5 regional center in the greater New York City area, including an extended
stay hotel, urgent care center, financial lending firm for alternative assets, retail
stores, apartments, office space, warehouses, industrial “flex” space,
entertainment centers, restaurants, conference and convention centers, nursing
home and assisted living facilities, medical offices, medical technology facilities,
and high-tech manufacturing. APPROVED
N• Calculated the economic impact of “green” hotels in 10 counties in Central
California. APPROVED
N• Calculated the economic impact of generic projects in manufacturing,
financial services, health services, hotels, and restaurants for a proposed
regional center for the state of Florida. APPROVED
E• Calculated the economic impact of 12 different types of economic activity for
an expansion of the Palm Beach Regional Center to five contiguous counties.
APPROVED
N• Calculated the economic impact of a new auto parts plant in Alabama to
supply parts to Kia automobiles. APPROVED
N• Calculated the economic impact of opening fast-food restaurants in
Miami/Dade and Broward counties in FL. APPROVED
N• Calculated the economic impact of a mixed-use commercial center in
Flushing, Queens County, NY.
E• Calculated the economic impact of revitalizing and renovating part of the
Brooklyn Navy Yard for “green” manufacturing facilities. APPROVED
E• Calculated the economic impact of 12 different types of economic activity for
various counties in Charlotte and Sarasota counties, FL APPROVED
E• Calculated the economic impact of four new manufacturing and distribution
companies in Palm Beach County, FL. APPROVED
N• Calculated the economic impact of developing a resort area and building
residences in rural Tennessee.
N• Calculated the economic impact of developing and operating a resort area in
Southern Arizona. APPROVED
N• Calculated the economic impact of revitalizing the depressed East Side of
Cleveland, Ohio, with new commercial and industrial buildings. APPROVED
N• Determined the nationwide economic impact of a $1 billion investment in
Mississippi for a new hybrid motor vehicle plant. APPROVED
N• Determined the economic impact of expanding a shipyard in Southeastern
Louisiana. APPROVED
N• Calculated the economic impact of a new shopping center in Buena Vista,
California, and two other generic shopping centers in Los Angeles and San
Bernardino counties. APPROVED
E• Calculated the economic impact of enhancing resort areas in eight rural
counties in Colorado. APPROVED
N• Calculated the economic impact of the rehabilitation of Fitzsimons Village in
Aurora, Colorado, by adding an office building with medical labs, hotel, shopping
center, and residences. APPROVED
E• Determined the economic impact of a mixed-use commercial center for the
Kansas City metropolitan area.
N• Calculated the number of jobs created for a film production company in New
York City. APPROVED
N• Calculated economic impact of small-scale rooftop solar panels in various
counties in California.
N• Calculated economic impact of 7 different types of proposed businesses for
a proposed regional center in the Bay Area of California. APPROVED
N• Determined the economic impact of a new biological research park, office
building, and logistics center in Wooster, Ohio. APPROVED
E• Calculated the economic effect of a mixed-use urban renewal project in
Cleveland, Ohio. APPROVED
N• Calculated economic impact of dairy farm and cheese processing plant in
Northern California. APPROVED
N• Determined economic impact of a shipyard, food processing plant, and
semiconductor plant for a proposed regional center in Louisiana and Mississippi.
APPROVED
N• Calculated the economic impact of a new gaming casino in Natchez,
Mississippi. APPROVED
N• Developed an Input/output Model for Guam, which was then used to
calculate the economic impact of several generic projects. APPROVED
N• Calculated the economic impact of a retail shopping center in suburban Los
Angeles County. APPROVED
N• Prepared an economic impact analysis for the “timber to homes” project for a
proposed regional center in Colorado. APPROVED
N• Calculated the economic impact for a proposed regional center in Baltimore,
Maryland that would include the rebuilding of depressed areas in East Baltimore
and along the riverfront.
N• Prepared the economic analysis for a proposed EB-5 regional center for the
entire state of Florida that included impact calculations for 14 different types of
industries. APPROVED
N• Prepared the economic analysis for a proposed EB-5 regional center in the
San Francisco Bay area that included calculations for 10 different types of
industries. APPROVED
N• Prepared economic impact calculations for proposed EB-5 regional centers in
New York City and Northeastern New Jersey. APPROVED
• Calculated the economic impact of a rehabilitated office building in
Albuquerque, New Mexico, including the increase in high quality jobs. NEW
MARKETS
• Calculated the economic impact of a rehabilitated skilled nursing center in East
Los Angeles, California, including the impact on nearby census tracts. NEW
MARKETS
N• Calculated the economic impact of development of warehouse and light
industrial manufacturing space in Las Vegas, Nevada. APPROVED
N• Calculated the economic impact of rehabilitation and expansion of a vacation
and health spa in Sharon Springs, New York
N• Calculated economic impact of revitalizing an old resort hotel and adding new
facilities for Lake Geneva, WI.
• Calculated the employment and tax effects for a portfolio of projects undertaken
under the New Market capital program. NEW MARKETS
E• Calculated generic employment changes for proposed EB-5 project for an
Inland Port in Palm Beach County, FL APPROVED
N• Calculated the economic impact of construction of El Monte Village in El
Monte, CA. APPROVED
• Calculated the economic impact of moving the Social Security Administration
building in Birmingham, AL, and revitalizing the surrounding neighborhood. NEW
MARKETS
• Calculated the economic impact of rehabbing and expanding the Everett Mall in
Everett, WA. NEW MARKETS
• Determined the economic impact of building a new medical center in
Charleston, SC NEW MARKETS
N• Calculated economic impact of expanding Sugarbush resort in VT. Study
included expansion of existing facilities and addition of new facilities. APPROVED
• Calculated economic impact for new market tax credit program in Portsmouth, N.
H. Study included both overall economic impact, and the increase in employment
and income and the decrease in the unemployment rate and incidence of poverty
in individual census tracts. NEW MARKETS
N• Calculated the economic benefits of EB-5 programs for foreign investors for a
mixed-use construction project, including a hotel, retail stores, apartments, and a
sports stadium in the Washington, D. C. metropolitan area APPROVED
N• Calculated the economic benefits of EB-5 programs for a mixed-used retail
shopping center in the New York City metropolitan area. APPROVED
N• Calculated the economic benefits of EB-5 programs for foreign investors for
proposed shopping centers in five separate counties in Southern California,
including differential impacts of building the shopping centers in different
counties. APPROVED
• Calculated the economic impact for a fractional-ownership marina in Port
Charlotte, FL, plus office space, retail stores, restaurants, and a home brokerage
office.
• Calculated the economic impact of construction and operation of four retirement
homes in Vermont.
• Calculated the economic impact of an upscale retail shopping center in Vail,
CO. and a medical office buildings in Edwards, CO (both in Eagle County).
• Calculated economic impact of a hotel, retail stores, restaurants, office
buildings, and bank facilities in Pasadena, CA
• Calculated economic impact of a luxury hotel and condominiums in Destin, FL
• Calculated economic impact of constructing and operating a mixed-use
commercial project in Jupiter, FL
• Determined whether 17 possible restaurant locations in Miami-Dade and
Broward Counties qualified as Targeted Employment Areas.
• Determined the economic impact of opening and operating a slot-machine
casino in Hanover, MD, as part of a proposed EB-5 regional center for the
Baltimore metropolitan area.
• Calculated the economic impact of renovating and expanding a restaurant on
Martha’s Vineyard, MA, as part of an EB-5 regional center in that state.
• Determined the economic impact of assembling and installing solar panels for
residences in the state of LA.
• Determined a Targeted Employment Area for Dallas, TX as part of a proposed
EB-5 regional center for the Dallas area. APPROVED
• Calculated the economic impact for various mixed used projects for a proposed
regional center for the entire State of Texas, including shopping centers, office
buildings, restaurants, assisted living centers, medical technology facilities, and
other personal and business services.
• Calculated the economic impact for the construction and operation of several
fast-food restaurants in 10 counties in central California.
• Calculated the economic impact for the renovation and expansion of a shopping
mall in Greenville, SC.
• Calculated the economic impact of buying existing apartment buildings at deep
discount prices, renovating and operating them, in 21 counties in FL.
• Calculated the economic impact of building and operating an institute for proton
cancer therapy for a proposed EB-5 regional center in Brooklyn, NY.
• Calculated the economic impact of building and operating a mixed-use facility
with medical offices, hotels, and apartments for a proposed EB-5 regional center
in Queens, NY.
• Determined a Targeted Employment Area for Philadelphia, PA as part of a
proposed EB-5 regional center for the Philadelphia area.
• Calculated the economic impact of a proposed office building and mixed-use
facility for an EB-5 regional center in Dallas, Texas
• Calculated the economic impact for various mixed-use projects for a proposed
EB-5 regional center in the greater New York City area, including an extended
stay hotel, urgent care center, financial lending firm for alternative assets, retail
stores, apartments, office space, warehouses, industrial “flex” space,
entertainment centers, restaurants, conference and convention centers, nursing
home and assisted living facilities, medical offices, medical technology facilities,
and high-tech manufacturing.
• Calculated the economic impact of “green” hotels in 10 counties in Central
California. APPROVED
• Calculated the economic impact of generic projects in manufacturing, financial
services, health services, hotels, and restaurants for a proposed regional center
for the state of Florida.
• Calculated the economic impact of 12 different types of economic activity for an
expansion of the Palm Beach Regional Center to five contiguous counties.
• Calculated the economic impact of a new auto parts plant in Alabama to supply
parts to Kia automobiles.
• Calculated the economic impact of opening fast-food restaurants in Miami-Dade
and Broward counties in FL.
• Calculated the economic impact of a mixed-use commercial center in Flushing,
Queens County, NY.
• Calculated the economic impact of revitalizing and renovating part of the
Brooklyn Navy Yard for “green” manufacturing facilities.
• Calculated the economic impact of 12 different types of economic activity for
various counties in Charlotte and Sarasota counties, FL
• Calculated the economic impact of four new manufacturing and distribution
companies in Palm Beach County, FL.
• Calculated the economic impact of developing a resort area and building
residences in rural Tennessee.
• Calculated the economic impact of developing and operating a resort area in
Southern Arizona.
• Calculated the economic impact of revitalizing the depressed East Side of
Cleveland, Ohio, with new commercial and industrial buildings. APPROVED
• Determined the nationwide economic impact of a $1 billion investment in
Mississippi for a new hybrid motor vehicle plant.
• Determined the economic impact of expanding a shipyard in Southeastern
Louisiana. APPROVED
• Calculated the economic impact of a new shopping center in Buena Vista,
California, and two other generic shopping centers in Los Angeles and San
Bernardino counties. APPROVED
• Calculated the economic impact of enhancing resort areas in eight rural
counties in Colorado.
• Calculated the economic impact of the rehabilitation of Fitzsimons Village in
Aurora, Colorado, by adding an office building with medical labs, hotel, shopping
center, and residences.
• Determined the economic impact of a mixed-use commercial center for the
Kansas City metropolitan area.
• Calculated the number of jobs created for a film production company in New
York City.
• Calculated economic impact of small-scale rooftop solar panels in various
counties in California.
• Calculated economic impact of 7 different types of proposed businesses for a
proposed regional center in the Bay Area of California. APPROVED
• Determined the economic impact of a new biological research park, office
building, and logistics center in Wooster, Ohio. APPROVED
• Calculated the economic effect of a mixed-use urban renewal project in
Cleveland, Ohio. APPROVED
• Calculated economic impact of dairy farm and cheese processing plant in
Northern California.
• Determined economic impact of a shipyard, food processing plant, and
semiconductor plant for a proposed regional center in Louisiana and Mississippi.
APPROVED
• Calculated the economic impact of a new gaming casino in Natchez,
Mississippi.
• Developed an Input/Output Model for Guam, which was then used to calculate
the economic impact of several generic projects. APPROVED
• Calculated the economic impact of a retail shopping center in suburban Los
Angeles County. APPROVED
• Prepared an economic impact analysis for the “timber to homes” project for a
proposed regional center in Colorado. APPROVED
• Calculated the economic impact for a proposed regional center in Baltimore,
Maryland that would include the rebuilding of depressed areas in East Baltimore
and along the riverfront.
• Prepared the economic analysis for a proposed EB-5 regional center for the
entire state of Florida that included impact calculations for 14 different types of
industries. APPROVED
• Prepared the economic analysis for a proposed EB-5 regional center in the
San Francisco Bay area that included calculations for 10 different types of
industries. APPROVED
• Prepared economic impact calculations for proposed EB-5 regional centers in
New York City and Northeastern New Jersey. APPROVED
• Calculated the economic impact of a rehabilitated office building in
Albuquerque, New Mexico, including the increase in high quality jobs.
• Calculated the economic impact of a rehabilitated skilled nursing center in East
Los Angeles, California, including the impact on nearby census tracts.
• Calculated the economic impact of development of warehouse and light
industrial manufacturing space in Las Vegas, Nevada. APPROVED
• Calculated the economic impact of rehabilitation and expansion of a vacation
and health spa in Sharon Springs, New York
• Calculated economic impact of revitalizing an old resort hotel and adding new
facilities for Lake Geneva, WI.
• Calculated the employment and tax effects for a portfolio of projects undertaken
under the New Market capital program.
• Calculated generic employment changes for proposed EB-5 project for an
Inland Port in Palm Beach County, FL APPROVED
• Calculated the economic impact of construction of El Monte Village in El Monte,
CA. APPROVED
• Built an input/output model of Guam to be used to calculate economic impact of
EB-5 projects. Used this model to estimate impact of various proposed projects.
APPROVED
• Calculated the economic impact of moving the Social Security Administration
building in Birmingham, AL, and revitalizing the surrounding neighborhood.
• Calculated the economic impact of rehabbing and expanding the Everett Mall in
Everett, WA.
• Determined the economic impact of building a new medical center in
Charleston, SC
• Calculated economic impact of expanding Sugarbush resort in VT. Study
included expansion of existing facilities and addition of new facilities. APPROVED
• Calculated economic impact for new market tax credit program in Portsmouth, N.
H. Study included both overall economic impact, and the increase in employment
and income and the decrease in the unemployment rate and incidence of poverty
in individual census tracts.
• Calculated the economic benefits of EB-5 programs for foreign investors for a
mixed-use construction project, including a hotel, retail stores, apartments, and a
sports stadium in the Washington, D. C. metropolitan area APPROVED
• Calculated the economic benefits of EB-5 programs for foreign investors for a
mixed-used retail shopping center in the New York City metropolitan area.
APPROVED
• Calculated the economic benefits of EB-5 programs for foreign investors for
proposed shopping centers in five separate counties in Southern California,
including differential impacts of building the shopping centers in different
counties. APPROVED
B. Projects for State and Local Governments
• Constructed a detailed econometric model for the State of Pennsylvania to
determine the economic impact of the complete panoply of state taxes levied; the
model contains over 1,000 equations. In cooperation with American Economics
Group, the model was developed to simulate the effect of changes in any state
tax rate on households and businesses by income deciles, household status, age
of individuals, size of households, and many other demographic variables. The
change in business taxes can also be simulated for detailed industry
classifications.
• Determined whether the Washington, D.C. water and sewer authority should
accept a high bid for a new waste disposal system. Decision to reject has saved
the authority over $200 million, as construction prices turned down sharply as
predicted.
• Built an econometric model to determine the “tax gap” caused by Internet sales
for the state of Minnesota.
• Determined appropriate levels of shelter grants individual counties in New York
State, and for utility allowances in New York City. Reviewed and prepared
testimony in ongoing court cases in these areas.
• Calculated the economic impact of the revitalization of downtown Milwaukee,
Wisconsin.
C. Economic Impact of Casino Gaming
• Built an econometric model to predict the growth of the gaming industry over
the next decade, and the economic impact of that industry on employment and tax
revenues at the Federal and state levels.
• Estimated the economic impact of Indian casino gaming nationally and for the
State of Wisconsin.
• Determined the economic impact of the Oneida Indian gaming casino on the
Green Bay metropolitan area.
• Estimated the negative economic impact on the Milwaukee area if a new Indian
gaming casino were to be built in Kenosha, Wisconsin.
D. Economic Impact of Smoking Bans and Higher Taxes
• Testified on economic impact of smoking bans in Canada; certified as an expert
witness by the Court.
• Examined the impact of smoking bans on restaurant sales in several different
locations in the U.S. to determine how much sales changed when these bans
were imposed, and the differential effects depending on whether these bans were
partial or total.
• Determined the cross-border effects on retail sales from differential rates in
cigarette, gasoline, and alcohol excise taxes
• Determined the economic impact of higher cigarette taxes on minority group
employment.
• Estimated the economic impact and loss of Federal and state tax revenues
when higher cigarette prices lead to increased smuggling.
E. Consulting Projects for Travel and Tourism
• Built an econometric model to predict tourism trips and revenues for the major
regions of the U.S. economy.
• Constructed econometric models to predict tourism in Las Vegas and Orlando.
• Using the IMPLAN model, predicted economic impact of tourism and travel
expenditures for all counties in Pennsylvania.
F. Other Private Sector Consulting Projects
• Calculated the economic impact of proposed EPA bans on fluoropolymer
production.
• Estimated the size and economic importance of the fluoropolymer industry, and
calculated economic impact of shutting down domestic production.
• Built an econometric model to examine how U.S. tax and regulatory policies
help determine whether the gold mining industry would invest in the U.S. or other
countries. Testified before Congress to help defeat legislation inimical to the
mining industry.
• Built an econometric model to predict consumer bankruptcies, based on recent
growth in consumer credit outstanding, the overall economic environment, and
recent changes in credit regulations
• Estimated the economic impact of the ethanol subsidy on the U.S. economy
and Farm Belt States, including the impact on the balance of payments,
employment, and tax receipts. Testified before Congress to help pass legislation
to extent subsidies to the ethanol industry.
• Built an econometric model to determine the impact of updating and improving
the system of locks on the Upper Mississippi River on corn prices and exports,
farm income, and the overall economy.
ACADEMIC PUBLICATIONS: BOOKS
Macroeconomics for Managers, Blackwell, 2003
Practical Business Forecasting, Blackwell, 2002
Economic Impact of the Demand for Ethanol, Diane Publishing Company, 1998
How to Make Your Shrinking Salary Support You in Style for the Rest of Your
Life, Random House, 1991
The Truth About Supply-Side Economics. Basic Books, 1983.
A Supply-Side Model of the U. S. Economy, mimeo (prepared for Senate Finance
Committee), 1980.
An Econometric Model of the French Economy: A Short-Term Forecasting
Model. O.E.C.D, March 1969.
Econometric Gaming (with L. R. Klein and M. J. Hartley). Random House, 1969.
Macroeconomic Activity: Theory, Forecasting and Control. Harper & Row, 1969.
The Wharton Econometric Forecasting Model (with L.R. Klein, programmed by
George R. Schink), Economics Research Unit, Wharton School: University of
Pennsylvania Press, 1967. Enlarged edition, 1968.
Over 30 articles in major academic journals and publications (list on request)
2785 N.W. 26th St.
Boca Raton, FL 33434
561-470-9035
mevans@evanseb5.com
CURRENT AND PREVIOUS POSITIONS
• Chairman, Evans, Carroll & Associates, Inc., 1980-present (previously Evans
Economics)
Economic consulting firm specializing in EB-5 immigration analysis, economic
impact studies of development projects and new construction, models of state
and local tax receipts, impact of current and proposed government legislation,
and construction of econometric models for individual industries and
companies.
• Chief Economist, American Economics Group, 2000-2008.
Built a comprehensive state modeling system that provides economic analysis for
a variety of consulting projects (see below).
• Clinical Professor of Economics, Department of Managerial Economics and
Decision Sciences (MEDS), Kellogg Graduate School of Management,
Northwestern University, 1996-99.
Taught courses in macroeconomics and business forecasting. Wrote textbooks
for both courses.
• Winner of Blue Chip Economic Indicator Award for most accurate
macroeconomic forecasts during the past four years, November 1999
• Founder and President, Chase Econometric Associates, 1970-1980
• Assistant and Associate Professor of Economics, Wharton School, University of
Pennsylvania, 1964-69. Co-developer of the original Wharton Model.
• Visiting Professor, Radford University, (Radford, VA), 1987
Chairman of Institute for International Economic Competitiveness
• Visiting Lecturer, Hebrew University (Jerusalem), 1966-67
Built econometric model of the Israeli economy
Ph. D. in Economics, Brown University. Dissertation, "A Postwar Quarterly Model
of the United States Economy, 1948-1962". A. B. in Mathematical Economics,
Brown University
PREVIOUS ACTIVITIES AND EDUCATION
• Contributing Editor, Industry Week
Wrote a column in each issue on economic and financial trends as they impact
the manufacturing sector.
• Editor, The Evans Report
Weekly newsletter discussing economic trends and financial markets. Pioneered
the concept of the Monthly Tracking Model to incorporate recent economic
releases into the overall economic forecast, including methods to predict these
economic data.
• Consultant, National Printing Equipment and Supply Association
Prepared quarterly forecasts of shipments of printing equipment and graphic arts
supplies by product line, based on an econometric model constructed for NPES.
Also prepared analysis and forecasts of exports and imports by principal product
line.
• Consultant, APICS -- The Educational Society for Resource Management,
Designed and developed the APICS Business Outlook Index, which uses survey
data collected by the Evans Group to measure current production, production
plans, shipments, employment, new orders, unfilled orders, inventory stocks, and
the comparison of the actual to desired inventory/sales ratio to predict short-term
changes in manufacturing sector activity. The results of this survey appeared
every month in APICS: The Performance Advantage
• Consultant, American Hardware Manufacturing Association
Wrote a separate weekly edition of the Evans Report analyzing recent trends in
the hardware and housing industries, including forecasts of the hardware industry
based on an econometric model developed for AHMA.
• Board of Economists, Los Angeles Times
Wrote column every 6 weeks (5 other economists on the Board)
• Columnist, United Press International
Wrote twice-weekly column, "Dollars and Trends"
• Consultant, Senate Finance Committee,
Built the first large-scale supply-side model of the U. S. economy
• Consultant, Environmental Protection Agency and Council on Environmental
Quality
Estimated inflationary impact of government regulations
• Consultant, National Aeronautics and Space Administration
Estimate impact of R&D spending on productivity growth
• Consultant, U. S. Treasury
Estimated impact of investment tax credit and accelerated depreciation on capital
spending by industry
• Consultant, U. S. Department of Agriculture
Built large-scale econometric model of agricultural sector of U. S. economy
• Consultant, Organization of Economic Cooperation and Development
Built econometric model of the French economy
SAMPLE OF RECENT CONSULTING PROJECTS
A. Economic Impact of EB-5 Immigrant Investor Programs and
New Markets Tax Credits
Key to symbols: N, new regional center, E, extension of existing center
List is current as of April 1, 2011. Totals to date are 87 new regional centers, 58
extensions, and 7 new markets tax credits, for a total of 152 projects
E● Calculated the economic impact of construction and operation of a new
automobile assembly plant in Petersburg, VA
N● Calculated the economic impact of operating a call center for the U.S.
government in Muskogee, OK
N● Calculated the economic impact of developing a mixed-use commercial and
residential center in Scottsdale, AZ
N● Calculated the economic impact of constructing and operating a “Green Box”
facility in New Jersey to process waste material on a pollution-free basis.
N● Calculated the economic impact of constructing and operating a “Green Box”
facility in Washington State to process waste material on a pollution-free basis.
E● Calculated the economic impact of constructing and operating a new hotel in
Coral Gables, FL
E● Calculated the economic impact of developing a new residential community
in Brevard County, and retail stores and restaurants in St. Lucie County, FL
N ● Calculated the economic impact of a new business to store and process field
crops in Madison, MS
N● Calculated the economic impact of operating food service establishments
and assisted living centers in 40 counties in Texas.
E● Calculated the economic impact of developing a mixed-use commercial center
in Miami, FL
N● Calculated the economic impact of renovating a theater in New York City to
show film highlights of previous Broadway hits.
N● Calculated the economic impact of renovating and operating distressed
buildings in the San Francisco Bay area.
E● Calculated the economic impact of a mixed-use commercial center in
Montgomery County, TX
E● Calculated the economic impact of expanding a manufacturing facility to
produce more energy-efficient lighting in Sarasota, FL
N● Calculated the economic impact of developing facilities for amateur sporting
events in northern GA
N● Calculated the economic impact of developing a mixed-use commercial
center in Missoula, MT
N● Calculated the economic impact of operating call centers in Las Vegas, NV,
and other western Nevada counties
E● Calculated the economic impact of constructing and operating a proton
cancer treatment center in Boca Raton, FL
E● Calculated the economic impact of constructing and operating a “Green Box”
facility in Detroit to process waste material on a pollution-free basis.
E● Calculated the economic impact of renovating and expanding commercial
property in Lower Manhattan
N● Calculated the economic impact of constructing student housing and retail
stores in Davie, FL
E● Calculated the economic impact of constructing residential housing near
Harvard University
E● Calculated the economic impact of developing mixed-use commercial centers
in Broward County, FL
E● Calculated the economic impact of renovating a Dallas apartment building
E● Calculated the economic impact of renovating and operating a nursing home
in Las Vegas, NV
E● Calculated the economic impact of constructing a hotel and shopping center
in Miami, FL
E● Calculated the economic impact of developing a design center in Miami/Dade
county, FL
E● Calculated the economic impact of developing and operating a chain of
children’s playrooms and party facilities in South Florida
E● Calculated the economic impact of developing a new stadium for the Nets
basketball team, to be located in Brooklyn, NY
E● Calculated the economic impact of developing a Marriott hotel in Washington,
D.C.
E● Calculated the economic impact of developing and operating a casino for
foreign patrons in Las Vegas, NV
E● Calculated the economic impact of operating a series of yogurt fast-food
restaurants in South Florida
E● Calculated the economic impact of constructing steel homes and commercial
buildings in South Florida
N● Calculated the economic impact of construction and operation of a farm
distillery in Vermont
N● Calculated the economic impact of purchase and renovation of deeply
discounted residential properties in South Florida
N● Calculated the economic impact of a hotel to be built near LaGuardia Airport
in Queens, NY
N● Calculated the economic impact for several mixed-use commercial and
residential properties for a regional center covering southern Wisconsin and
northern Illinois.
N● Calculated the economic impact for mixed-use commercial project in
Flushing, NY
E● Calculated the economic impact for major new hotel near the Washington, D.
C. conference center
N● Calculated the economic impact of an assisted living center in suburban
Atlanta, GA
N● Calculated the economic impact of an office tower in mid-town Manhattan for
the diamond trade
N● Calculated the economic impact of three mixed-use commercial and
residential projects in Santa Clara County, CA
N● Calculated the economic impact of six mixed-use commercial and residential
projects in Los Angeles, Orange, Riverside, and San Bernardino counties
N● Calculated the economic impact of operating a chain of pizza restaurants in
southern Florida.
N● Calculated the economic impact of constructing and operating an assisted
living facility in Atlanta, GA
E● Calculated the economic impact of constructing and operating an expansion
of University Hospital in Cleveland, OH
E● Calculated the economic impact of a wastewater treatment plant in Victorville,
CA
N● Calculated the economic impact of drilling for geothermal energy and
constructing and operating power plants in several counties in Nevada
E● Calculated the economic impact of a vacation club operation in Orlando, FL
E● Calculated the economic impact of constructing and operating an extended-
stay hotel in Boston, MA
E● Calculated the economic impact of constructing and operating an assisted
living facility in Walton County, FL
N● Calculated the economic impact of manufacturing and constructing residential
and commercial steel modular buildings in Lee County, FL
E● Calculated the economic impact of a chain of yogurt and juice stores and
restaurants in southern Florida
E● Calculated the economic impact of two mixed-use commercial developments
in Orange County, CA
E● Calculated a Targeted Employment Area by census tracts for six counties in
the Houston, TX metropolitan area
E● Calculated the expansion of new hybrid car manufacturing facility from
Mississippi to Tennessee and Virginia
E● Calculated the economic impact of construction and operation of a skilled
nursing facility in Las Vegas, NV
N● Calculated the economic impact of construction and operation of a proton
cancer treatment center and medical offices buildings in Los Angeles County, CA
E● Determined the economic impact of improving facilities at the Port of
Baltimore in order to attract more shipping from the Panama Canal when the
locks are widened.
N● Calculated the economic impact of a major hotel and resort area in Ft.
Lauderdale, FL.
N● Calculated the economic impact of building steel homes in South Florida,
including the local manufacture of steel fabricated parts.
E● Calculated the economic impact of constructing and operating a hotel at
Times Square in New York City.
N● Calculated the economic impact of a mixed-used residential and commercial
project in Atlanta, GA.
E● Calculated the economic impact of expanding and opening new restaurants in
Dallas, TX. In a separate project, calculated the economic impact of renovating,
refurbishing, and operating a boutique hotel in Dallas, TX.
E● Calculated the economic impact of building and operating low-income
housing in Boston, MA.
N● Calculated the economic impact of constructing and operating assisted living
facilities in eight rural Texas counties.
N● Calculated the economic impact of a mixed-use commercial project in
Riverside County, CA.
E● Calculated the economic impact of opening a manufacturing plant for “green”
motor vehicles in the Detroit, MI area. APPROVED
E● Calculated the economic impact of constructing and operating hotels and
restaurants in Columbus, MS.
E● Calculated the economic impact of operating restaurants in the Hotel W in
Hollywood, CA.
N● Calculated the economic impact of a mixed-use commercial project in
McCook, IL (suburban Chicago).
N● Calculated the economic impact of constructing and operating a water-based
amusement facility in San Diego, CA.
N● Calculated the economic impact of a mixed-use commercial facility in
suburban Cincinnati, OH (project is in KY).
E● Calculated the economic impact of constructing and operating a casino, hotel,
and restaurant in Las Vegas, NV.
N● Calculated the economic impact of a new academic institution for alternative
energy in Santa Clarita, CA.
N● Calculated the economic impact of several mixed-used projects in San
Francisco, Alameda County, Santa Clara County, and Fresno County.
N● Calculated the economic impact of a super energy store and solar farm in
Riverside County, CA.
N● Calculated the economic impact of a prostate cancer treatment center in
South Carolina.
E● Calculated the economic impact of refurbishing and expanding retail space at
the George Washington Bridge in New York City.
E● Calculated the economic impact of building Atlantic Yards, new stadium for
the New York Nets, in Brooklyn, NY APPROVED
N● Calculated the economic impact of an assisted living center and several
mixed-use commercial facilities in the Reno, NV area.
E● Calculated the economic impact of buying residential properties at deep
discount prices, refurbishing and selling them, in South Florida.
N• Calculated the economic impact for a fractional-ownership marina in Port
Charlotte, FL, plus office space, retail stores, restaurants, and a home brokerage
office. APPROVED
N• Calculated the economic impact of construction and operation of four
retirement homes in Vermont.
E• Calculated the economic impact of an upscale retail shopping center in Vail,
CO. and a medical office building in Edwards, CO (both in Eagle County).
APPROVED
E• Calculated economic impact of a wind turbine manufacturing plant in Larimer
County, CO APPROVED
N• Calculated economic impact of a hotel, retail stores, restaurants, office
buildings, and bank facilities in Pasadena, CA
N• Calculated economic impact of a luxury hotel and condominiums in Destin, FL
N• Calculated economic impact of constructing and operating a mixed-use
commercial project in Jupiter, FL APPROVED
E• Determined whether 17 possible restaurant locations in Miami/Dade and
Broward Counties qualified as Targeted Employment Areas.
E• Determined the economic impact of opening and operating a slot-machine
casino in Hanover, MD, as part of a proposed EB-5 regional center for the
Baltimore metropolitan area.
N• Calculated the economic impact of renovating and expanding a restaurant on
Martha’s Vineyard, MA, as part of an EB-5 regional center in that state.
N• Determined the economic impact of assembling and installing solar panels for
residences in the state of LA.
E• Determined a Targeted Employment Area for Dallas, TX as part of a proposed
EB-5 regional center for the Dallas area. APPROVED
N• Calculated the economic impact for various mixed used projects for a
proposed regional center for the entire State of Texas, including shopping
centers, office buildings, restaurants, assisted living centers, medical technology
facilities, and other personal and business services.
N• Calculated the economic impact for the construction and operation of several
fast-food restaurants in 10 counties in central California.
N• Calculated the economic impact for the renovation and expansion of a
shopping mall in Greenville, SC.
E• Calculated the economic impact of buying existing apartment buildings at
deep discount prices, renovating and operating them, in 21 counties in FL.
N• Calculated the economic impact of building and operating an institute for
proton cancer therapy for a proposed EB-5 regional center in Brooklyn, NY.
APPROVED
N• Calculated the economic impact of building and operating a mixed-use facility
with medical offices, hotels, and apartments for a proposed EB-5 regional center
in Queens, NY. APPROVED
E• Determined a Targeted Employment Area for Philadelphia, PA as part of a
proposed EB-5 regional center for the Philadelphia area. APPROVED
N• Calculated the economic impact of a proposed office building and mixed-use
facility for an EB-5 regional center in Dallas, Texas APPROVED
N• Calculated the economic impact for various mixed-use projects for a proposed
EB-5 regional center in the greater New York City area, including an extended
stay hotel, urgent care center, financial lending firm for alternative assets, retail
stores, apartments, office space, warehouses, industrial “flex” space,
entertainment centers, restaurants, conference and convention centers, nursing
home and assisted living facilities, medical offices, medical technology facilities,
and high-tech manufacturing. APPROVED
N• Calculated the economic impact of “green” hotels in 10 counties in Central
California. APPROVED
N• Calculated the economic impact of generic projects in manufacturing,
financial services, health services, hotels, and restaurants for a proposed
regional center for the state of Florida. APPROVED
E• Calculated the economic impact of 12 different types of economic activity for
an expansion of the Palm Beach Regional Center to five contiguous counties.
APPROVED
N• Calculated the economic impact of a new auto parts plant in Alabama to
supply parts to Kia automobiles. APPROVED
N• Calculated the economic impact of opening fast-food restaurants in
Miami/Dade and Broward counties in FL. APPROVED
N• Calculated the economic impact of a mixed-use commercial center in
Flushing, Queens County, NY.
E• Calculated the economic impact of revitalizing and renovating part of the
Brooklyn Navy Yard for “green” manufacturing facilities. APPROVED
E• Calculated the economic impact of 12 different types of economic activity for
various counties in Charlotte and Sarasota counties, FL APPROVED
E• Calculated the economic impact of four new manufacturing and distribution
companies in Palm Beach County, FL. APPROVED
N• Calculated the economic impact of developing a resort area and building
residences in rural Tennessee.
N• Calculated the economic impact of developing and operating a resort area in
Southern Arizona. APPROVED
N• Calculated the economic impact of revitalizing the depressed East Side of
Cleveland, Ohio, with new commercial and industrial buildings. APPROVED
N• Determined the nationwide economic impact of a $1 billion investment in
Mississippi for a new hybrid motor vehicle plant. APPROVED
N• Determined the economic impact of expanding a shipyard in Southeastern
Louisiana. APPROVED
N• Calculated the economic impact of a new shopping center in Buena Vista,
California, and two other generic shopping centers in Los Angeles and San
Bernardino counties. APPROVED
E• Calculated the economic impact of enhancing resort areas in eight rural
counties in Colorado. APPROVED
N• Calculated the economic impact of the rehabilitation of Fitzsimons Village in
Aurora, Colorado, by adding an office building with medical labs, hotel, shopping
center, and residences. APPROVED
E• Determined the economic impact of a mixed-use commercial center for the
Kansas City metropolitan area.
N• Calculated the number of jobs created for a film production company in New
York City. APPROVED
N• Calculated economic impact of small-scale rooftop solar panels in various
counties in California.
N• Calculated economic impact of 7 different types of proposed businesses for
a proposed regional center in the Bay Area of California. APPROVED
N• Determined the economic impact of a new biological research park, office
building, and logistics center in Wooster, Ohio. APPROVED
E• Calculated the economic effect of a mixed-use urban renewal project in
Cleveland, Ohio. APPROVED
N• Calculated economic impact of dairy farm and cheese processing plant in
Northern California. APPROVED
N• Determined economic impact of a shipyard, food processing plant, and
semiconductor plant for a proposed regional center in Louisiana and Mississippi.
APPROVED
N• Calculated the economic impact of a new gaming casino in Natchez,
Mississippi. APPROVED
N• Developed an Input/output Model for Guam, which was then used to
calculate the economic impact of several generic projects. APPROVED
N• Calculated the economic impact of a retail shopping center in suburban Los
Angeles County. APPROVED
N• Prepared an economic impact analysis for the “timber to homes” project for a
proposed regional center in Colorado. APPROVED
N• Calculated the economic impact for a proposed regional center in Baltimore,
Maryland that would include the rebuilding of depressed areas in East Baltimore
and along the riverfront.
N• Prepared the economic analysis for a proposed EB-5 regional center for the
entire state of Florida that included impact calculations for 14 different types of
industries. APPROVED
N• Prepared the economic analysis for a proposed EB-5 regional center in the
San Francisco Bay area that included calculations for 10 different types of
industries. APPROVED
N• Prepared economic impact calculations for proposed EB-5 regional centers in
New York City and Northeastern New Jersey. APPROVED
• Calculated the economic impact of a rehabilitated office building in
Albuquerque, New Mexico, including the increase in high quality jobs. NEW
MARKETS
• Calculated the economic impact of a rehabilitated skilled nursing center in East
Los Angeles, California, including the impact on nearby census tracts. NEW
MARKETS
N• Calculated the economic impact of development of warehouse and light
industrial manufacturing space in Las Vegas, Nevada. APPROVED
N• Calculated the economic impact of rehabilitation and expansion of a vacation
and health spa in Sharon Springs, New York
N• Calculated economic impact of revitalizing an old resort hotel and adding new
facilities for Lake Geneva, WI.
• Calculated the employment and tax effects for a portfolio of projects undertaken
under the New Market capital program. NEW MARKETS
E• Calculated generic employment changes for proposed EB-5 project for an
Inland Port in Palm Beach County, FL APPROVED
N• Calculated the economic impact of construction of El Monte Village in El
Monte, CA. APPROVED
• Calculated the economic impact of moving the Social Security Administration
building in Birmingham, AL, and revitalizing the surrounding neighborhood. NEW
MARKETS
• Calculated the economic impact of rehabbing and expanding the Everett Mall in
Everett, WA. NEW MARKETS
• Determined the economic impact of building a new medical center in
Charleston, SC NEW MARKETS
N• Calculated economic impact of expanding Sugarbush resort in VT. Study
included expansion of existing facilities and addition of new facilities. APPROVED
• Calculated economic impact for new market tax credit program in Portsmouth, N.
H. Study included both overall economic impact, and the increase in employment
and income and the decrease in the unemployment rate and incidence of poverty
in individual census tracts. NEW MARKETS
N• Calculated the economic benefits of EB-5 programs for foreign investors for a
mixed-use construction project, including a hotel, retail stores, apartments, and a
sports stadium in the Washington, D. C. metropolitan area APPROVED
N• Calculated the economic benefits of EB-5 programs for a mixed-used retail
shopping center in the New York City metropolitan area. APPROVED
N• Calculated the economic benefits of EB-5 programs for foreign investors for
proposed shopping centers in five separate counties in Southern California,
including differential impacts of building the shopping centers in different
counties. APPROVED
• Calculated the economic impact for a fractional-ownership marina in Port
Charlotte, FL, plus office space, retail stores, restaurants, and a home brokerage
office.
• Calculated the economic impact of construction and operation of four retirement
homes in Vermont.
• Calculated the economic impact of an upscale retail shopping center in Vail,
CO. and a medical office buildings in Edwards, CO (both in Eagle County).
• Calculated economic impact of a hotel, retail stores, restaurants, office
buildings, and bank facilities in Pasadena, CA
• Calculated economic impact of a luxury hotel and condominiums in Destin, FL
• Calculated economic impact of constructing and operating a mixed-use
commercial project in Jupiter, FL
• Determined whether 17 possible restaurant locations in Miami-Dade and
Broward Counties qualified as Targeted Employment Areas.
• Determined the economic impact of opening and operating a slot-machine
casino in Hanover, MD, as part of a proposed EB-5 regional center for the
Baltimore metropolitan area.
• Calculated the economic impact of renovating and expanding a restaurant on
Martha’s Vineyard, MA, as part of an EB-5 regional center in that state.
• Determined the economic impact of assembling and installing solar panels for
residences in the state of LA.
• Determined a Targeted Employment Area for Dallas, TX as part of a proposed
EB-5 regional center for the Dallas area. APPROVED
• Calculated the economic impact for various mixed used projects for a proposed
regional center for the entire State of Texas, including shopping centers, office
buildings, restaurants, assisted living centers, medical technology facilities, and
other personal and business services.
• Calculated the economic impact for the construction and operation of several
fast-food restaurants in 10 counties in central California.
• Calculated the economic impact for the renovation and expansion of a shopping
mall in Greenville, SC.
• Calculated the economic impact of buying existing apartment buildings at deep
discount prices, renovating and operating them, in 21 counties in FL.
• Calculated the economic impact of building and operating an institute for proton
cancer therapy for a proposed EB-5 regional center in Brooklyn, NY.
• Calculated the economic impact of building and operating a mixed-use facility
with medical offices, hotels, and apartments for a proposed EB-5 regional center
in Queens, NY.
• Determined a Targeted Employment Area for Philadelphia, PA as part of a
proposed EB-5 regional center for the Philadelphia area.
• Calculated the economic impact of a proposed office building and mixed-use
facility for an EB-5 regional center in Dallas, Texas
• Calculated the economic impact for various mixed-use projects for a proposed
EB-5 regional center in the greater New York City area, including an extended
stay hotel, urgent care center, financial lending firm for alternative assets, retail
stores, apartments, office space, warehouses, industrial “flex” space,
entertainment centers, restaurants, conference and convention centers, nursing
home and assisted living facilities, medical offices, medical technology facilities,
and high-tech manufacturing.
• Calculated the economic impact of “green” hotels in 10 counties in Central
California. APPROVED
• Calculated the economic impact of generic projects in manufacturing, financial
services, health services, hotels, and restaurants for a proposed regional center
for the state of Florida.
• Calculated the economic impact of 12 different types of economic activity for an
expansion of the Palm Beach Regional Center to five contiguous counties.
• Calculated the economic impact of a new auto parts plant in Alabama to supply
parts to Kia automobiles.
• Calculated the economic impact of opening fast-food restaurants in Miami-Dade
and Broward counties in FL.
• Calculated the economic impact of a mixed-use commercial center in Flushing,
Queens County, NY.
• Calculated the economic impact of revitalizing and renovating part of the
Brooklyn Navy Yard for “green” manufacturing facilities.
• Calculated the economic impact of 12 different types of economic activity for
various counties in Charlotte and Sarasota counties, FL
• Calculated the economic impact of four new manufacturing and distribution
companies in Palm Beach County, FL.
• Calculated the economic impact of developing a resort area and building
residences in rural Tennessee.
• Calculated the economic impact of developing and operating a resort area in
Southern Arizona.
• Calculated the economic impact of revitalizing the depressed East Side of
Cleveland, Ohio, with new commercial and industrial buildings. APPROVED
• Determined the nationwide economic impact of a $1 billion investment in
Mississippi for a new hybrid motor vehicle plant.
• Determined the economic impact of expanding a shipyard in Southeastern
Louisiana. APPROVED
• Calculated the economic impact of a new shopping center in Buena Vista,
California, and two other generic shopping centers in Los Angeles and San
Bernardino counties. APPROVED
• Calculated the economic impact of enhancing resort areas in eight rural
counties in Colorado.
• Calculated the economic impact of the rehabilitation of Fitzsimons Village in
Aurora, Colorado, by adding an office building with medical labs, hotel, shopping
center, and residences.
• Determined the economic impact of a mixed-use commercial center for the
Kansas City metropolitan area.
• Calculated the number of jobs created for a film production company in New
York City.
• Calculated economic impact of small-scale rooftop solar panels in various
counties in California.
• Calculated economic impact of 7 different types of proposed businesses for a
proposed regional center in the Bay Area of California. APPROVED
• Determined the economic impact of a new biological research park, office
building, and logistics center in Wooster, Ohio. APPROVED
• Calculated the economic effect of a mixed-use urban renewal project in
Cleveland, Ohio. APPROVED
• Calculated economic impact of dairy farm and cheese processing plant in
Northern California.
• Determined economic impact of a shipyard, food processing plant, and
semiconductor plant for a proposed regional center in Louisiana and Mississippi.
APPROVED
• Calculated the economic impact of a new gaming casino in Natchez,
Mississippi.
• Developed an Input/Output Model for Guam, which was then used to calculate
the economic impact of several generic projects. APPROVED
• Calculated the economic impact of a retail shopping center in suburban Los
Angeles County. APPROVED
• Prepared an economic impact analysis for the “timber to homes” project for a
proposed regional center in Colorado. APPROVED
• Calculated the economic impact for a proposed regional center in Baltimore,
Maryland that would include the rebuilding of depressed areas in East Baltimore
and along the riverfront.
• Prepared the economic analysis for a proposed EB-5 regional center for the
entire state of Florida that included impact calculations for 14 different types of
industries. APPROVED
• Prepared the economic analysis for a proposed EB-5 regional center in the
San Francisco Bay area that included calculations for 10 different types of
industries. APPROVED
• Prepared economic impact calculations for proposed EB-5 regional centers in
New York City and Northeastern New Jersey. APPROVED
• Calculated the economic impact of a rehabilitated office building in
Albuquerque, New Mexico, including the increase in high quality jobs.
• Calculated the economic impact of a rehabilitated skilled nursing center in East
Los Angeles, California, including the impact on nearby census tracts.
• Calculated the economic impact of development of warehouse and light
industrial manufacturing space in Las Vegas, Nevada. APPROVED
• Calculated the economic impact of rehabilitation and expansion of a vacation
and health spa in Sharon Springs, New York
• Calculated economic impact of revitalizing an old resort hotel and adding new
facilities for Lake Geneva, WI.
• Calculated the employment and tax effects for a portfolio of projects undertaken
under the New Market capital program.
• Calculated generic employment changes for proposed EB-5 project for an
Inland Port in Palm Beach County, FL APPROVED
• Calculated the economic impact of construction of El Monte Village in El Monte,
CA. APPROVED
• Built an input/output model of Guam to be used to calculate economic impact of
EB-5 projects. Used this model to estimate impact of various proposed projects.
APPROVED
• Calculated the economic impact of moving the Social Security Administration
building in Birmingham, AL, and revitalizing the surrounding neighborhood.
• Calculated the economic impact of rehabbing and expanding the Everett Mall in
Everett, WA.
• Determined the economic impact of building a new medical center in
Charleston, SC
• Calculated economic impact of expanding Sugarbush resort in VT. Study
included expansion of existing facilities and addition of new facilities. APPROVED
• Calculated economic impact for new market tax credit program in Portsmouth, N.
H. Study included both overall economic impact, and the increase in employment
and income and the decrease in the unemployment rate and incidence of poverty
in individual census tracts.
• Calculated the economic benefits of EB-5 programs for foreign investors for a
mixed-use construction project, including a hotel, retail stores, apartments, and a
sports stadium in the Washington, D. C. metropolitan area APPROVED
• Calculated the economic benefits of EB-5 programs for foreign investors for a
mixed-used retail shopping center in the New York City metropolitan area.
APPROVED
• Calculated the economic benefits of EB-5 programs for foreign investors for
proposed shopping centers in five separate counties in Southern California,
including differential impacts of building the shopping centers in different
counties. APPROVED
B. Projects for State and Local Governments
• Constructed a detailed econometric model for the State of Pennsylvania to
determine the economic impact of the complete panoply of state taxes levied; the
model contains over 1,000 equations. In cooperation with American Economics
Group, the model was developed to simulate the effect of changes in any state
tax rate on households and businesses by income deciles, household status, age
of individuals, size of households, and many other demographic variables. The
change in business taxes can also be simulated for detailed industry
classifications.
• Determined whether the Washington, D.C. water and sewer authority should
accept a high bid for a new waste disposal system. Decision to reject has saved
the authority over $200 million, as construction prices turned down sharply as
predicted.
• Built an econometric model to determine the “tax gap” caused by Internet sales
for the state of Minnesota.
• Determined appropriate levels of shelter grants individual counties in New York
State, and for utility allowances in New York City. Reviewed and prepared
testimony in ongoing court cases in these areas.
• Calculated the economic impact of the revitalization of downtown Milwaukee,
Wisconsin.
C. Economic Impact of Casino Gaming
• Built an econometric model to predict the growth of the gaming industry over
the next decade, and the economic impact of that industry on employment and tax
revenues at the Federal and state levels.
• Estimated the economic impact of Indian casino gaming nationally and for the
State of Wisconsin.
• Determined the economic impact of the Oneida Indian gaming casino on the
Green Bay metropolitan area.
• Estimated the negative economic impact on the Milwaukee area if a new Indian
gaming casino were to be built in Kenosha, Wisconsin.
D. Economic Impact of Smoking Bans and Higher Taxes
• Testified on economic impact of smoking bans in Canada; certified as an expert
witness by the Court.
• Examined the impact of smoking bans on restaurant sales in several different
locations in the U.S. to determine how much sales changed when these bans
were imposed, and the differential effects depending on whether these bans were
partial or total.
• Determined the cross-border effects on retail sales from differential rates in
cigarette, gasoline, and alcohol excise taxes
• Determined the economic impact of higher cigarette taxes on minority group
employment.
• Estimated the economic impact and loss of Federal and state tax revenues
when higher cigarette prices lead to increased smuggling.
E. Consulting Projects for Travel and Tourism
• Built an econometric model to predict tourism trips and revenues for the major
regions of the U.S. economy.
• Constructed econometric models to predict tourism in Las Vegas and Orlando.
• Using the IMPLAN model, predicted economic impact of tourism and travel
expenditures for all counties in Pennsylvania.
F. Other Private Sector Consulting Projects
• Calculated the economic impact of proposed EPA bans on fluoropolymer
production.
• Estimated the size and economic importance of the fluoropolymer industry, and
calculated economic impact of shutting down domestic production.
• Built an econometric model to examine how U.S. tax and regulatory policies
help determine whether the gold mining industry would invest in the U.S. or other
countries. Testified before Congress to help defeat legislation inimical to the
mining industry.
• Built an econometric model to predict consumer bankruptcies, based on recent
growth in consumer credit outstanding, the overall economic environment, and
recent changes in credit regulations
• Estimated the economic impact of the ethanol subsidy on the U.S. economy
and Farm Belt States, including the impact on the balance of payments,
employment, and tax receipts. Testified before Congress to help pass legislation
to extent subsidies to the ethanol industry.
• Built an econometric model to determine the impact of updating and improving
the system of locks on the Upper Mississippi River on corn prices and exports,
farm income, and the overall economy.
ACADEMIC PUBLICATIONS: BOOKS
Macroeconomics for Managers, Blackwell, 2003
Practical Business Forecasting, Blackwell, 2002
Economic Impact of the Demand for Ethanol, Diane Publishing Company, 1998
How to Make Your Shrinking Salary Support You in Style for the Rest of Your
Life, Random House, 1991
The Truth About Supply-Side Economics. Basic Books, 1983.
A Supply-Side Model of the U. S. Economy, mimeo (prepared for Senate Finance
Committee), 1980.
An Econometric Model of the French Economy: A Short-Term Forecasting
Model. O.E.C.D, March 1969.
Econometric Gaming (with L. R. Klein and M. J. Hartley). Random House, 1969.
Macroeconomic Activity: Theory, Forecasting and Control. Harper & Row, 1969.
The Wharton Econometric Forecasting Model (with L.R. Klein, programmed by
George R. Schink), Economics Research Unit, Wharton School: University of
Pennsylvania Press, 1967. Enlarged edition, 1968.
Over 30 articles in major academic journals and publications (list on request)
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