We recently produced a report for Port Taranaki detailing the economic impact and strategic importance of the Port to the Taranaki and New Zealand economy.
Facilities play an important role in regional economies, supporting economic activity through attracting visitors who spend money in the local economy.
Facilities also provide amenities for the local population engage the community and encourage population retention and attraction.
Unfortunately, as the public good a region receives from facilities are generally greater than the private returns that can be captured, the supply and delivery of facilities are sub-optimal. This requires public intervention and support.
BERL can work with you to identify the public value of facilities. This will help you determine whether it is worthwhile investing in a facility. We can provide economic analysis using multiplier or benefit cost analysis. We can also look at how these facilities align with the wider economic development objectives within your region.
If you wish to find out more, we are more than happy to talk to you.