Alaska Harbor Economic Impact Model (HEIM)

Michael Fisher with Northern Economics is very involved with the Alaska Harbor Economic Impact Model (HEIM) project. HEIM has funded by the Alaska Department of Transportation and supported by the Alaska Association of Harbormasters and Port Administrators. The model uses a graphical interface and based in Microsoft Excel.

HEIM is available free of charge. Get the model and related materials on the HEIM download page. Northern Economics will help you develop accurate results with the model at a reasonable cost. Information developed by using HEIM is invaluable in funding discussions of marina maintenance and harbor expansion projects. Funding harbors greatly benefits our entire state.

Using the model can answer several questions.

What is the value of your harbor?
What is the value of adding a slip?
What is overall economic impact of your facility?

Michael has setup an email list for people interested in news concerning HEIM. You can signup on the HEIM website. A frequently asked questions pages is available as reference. We have used the model in Valdez and the results are astounding. The direct, indirect and induced impacts of a new harbor we are planning are shown below. The estimated cost of a new harbor in Valdez is about $25 million. You can see the immediate benefits of the project for the State and community.

Impacts State Borough Local

Sales $41,607,898 $34,286,997 $32,495,160

Employment 509 396 347

Labor Wages $11,798,100 $10,372,500 $10,124,100

Download the model and give it a try. Results are statistically valid for most of Alaska. Northern Economics would work at a competitive cost with other States interested in developing a similar project.

Tags: Alaska Harbor Economic Impact Model, HEIM, Harbor Economics, Marina Funding, Alaska Harbors

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