MRB Group offers a robust cost-benefit model allowing local leaders to measure the financial costs and benefits of a new investment project. Utilizing our CBA Tool, local leaders can make informed decisions regarding their level of incentive support for a project based on its expected financial returns.
Cost-benefit analysis (CBA) is a tool used by regulatory decision makers to identify the costs and benefits, in financial terms, of a regulation to society as a whole. Persons preparing a CBA attempt to assign a monetary value (also know as monetizing) to all the predicted costs and benefits of a regulation. These include not only the direct costs and benefits, but any tangential effects a regulation may impose on society. In evaluating the effects on society, CBA includes costs and benefits to industry, government, individual citizens, communities, the environment, and the economy at large.
To learn more, contact Michael N’dolo (New York) michael.ndolo@mrbgroup.com, Heather Simmons Jones (South Carolina) heather.simmonsjones@mrbgroup.com, or Jordan Everhart, AICP, PMP (Texas) jordan.everhart@mrbgroup.com.
