Title
Applied Economics, LLC
Description
For $75,000.00 in payment authority for a new contract, to be entered on or about May 1, 2019, for a term of one year, with four, one-year renewal options for economic impact study services for the City’s Government Property Lease Excise Tax (GPLET) projects in downtown Phoenix for the Community and Economic Development Department. In compliance with Arizona Revised Statutes Title 42, Chapter 6, Article 5, and subject to City Council approval, GPLET agreements are used to facilitate economic development in key areas. Since the 1990’s, the City has utilized the GPLET program to spur economic development in downtown Phoenix. Applied Economics will analyze, evaluate, and draft a written report summarizing the economic impacts of the City’s GPLET projects in downtown Phoenix. The annual contract amount shall not exceed $15,000.00. There is no impact to the General Fund. Funding is available in the Downtown Community Reinvestment Fund.