Innovators in Rural Community Economic Development

Economic Impact Analysis and Testimony re Potential Impacts on Downtown Middlebury of a Proposed Comfort Inn

Tags: Community Economic Development, Economic and Fiscal Impact Analysis, Research

Client Name: Businesses for Downtown

Client Type: Citizen Group

Year: 1999

Location: Vermont

On behalf of local business people, Yellow Wood Associates, Inc. prepared an independent analysis of the potential economic impacts of a proposed national chain hotel on the existing lodging industry in Middlebury, surrounding areas, and downtown Middlebury. This included reviewing lodging statistics and patterns of growth and change, investments in Middlebury’s downtown, returns on investment, and state policy regarding promoting the vitality of Vermont’s downtowns. The analysis was used as testimony before the local planning commission.