Fiscal Impact Tool (FIT)
Software for making a quick estimate of the local fiscal impact of economic development activity

Brochure (114 KB PDF)

The Federal Reserve Fiscal Impact Tool is an automated process, in the form of an Excel workbook, for estimating the effects of proposed economic development projects on local sales and property tax revenues and on costs to local government. The estimates are based on user-provided information about the project (such as location and number of jobs) and the locality (such as tax rates and one-time government costs); default values embedded in the application that can be modified by the user for greater specificity; and simple assumptions made by the tool's developers. FIT enhances the analysis by providing supplemental information.

FIT is intended for use by economic and community development professionals, primarily in small and mid-size communities. It can be used to learn about the general costs and benefits of proposed projects. Or it can be used as an aid in decisionmaking, providing information on the extent of support a community or region might be able to afford when planning for different development possibilities.

FIT provides a quick analysis of the impact of proposed economic development. Users can increase the precision by providing more-detailed data and by reviewing the parameters of the project more broadly.

Eleven versions of FIT, covering the following groups of states, are available:

• Boston. Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont
• New York-Philadelphia-Cleveland. Delaware, Kentucky, New Jersey, New York, Ohio, and Pennsylvania
• Richmond. District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia
• Atlanta. Alabama, Florida, Georgia, Louisiana, Mississippi, and Tennessee
• Chicago. Illinois, Indiana, Iowa, Michigan, and Wisconsin
• St. Louis. Arkansas, Illinois, Indiana, Kentucky, Missouri, and Tennessee
• Minneapolis. Michigan, Minnesota, Montana, North Dakota, South Dakota, and Wisconsin
• Kansas City. Colorado, Kansas, Missouri, Nebraska, New Mexico, Oklahoma, and Wyoming
• Dallas. Louisiana, New Mexico, and Texas
• San Francisco. Arizona, California, Idaho, Nevada, Oregon, Utah, and Washington
• Virginia. Virginia

To inquire about FIT, to obtain a free copy of FIT, or to make a comment about FIT, please fill out the following form.

Special instructions are available for visually impaired users and others who use screen readers. If you would like to receive the special instructions, please so indicate below.