18 | ROCKY MOUNTAIN WATER JANUARY 2017 FEATURE • Category 1: The economic role of water reuse: What is the role of current water supply facilities and services in supporting the local economy? What are the stakes associated with failure to continue to support them? • Category 2: Impact of water spending: How does ongoing and planned water spending affect the regional economy, and what is the income benefit from it? • Category 3: Benefit of water reuse investment: How does ongoing and planned spending on water reuse provide benefits for users of those facilities? • Category 4: Economic return on investment: How will planned future capital investments affect the future competitiveness, productivity, and growth of the region’s economy? What is the payback from it? • Category 5: Impact of future scenarios for strategic planning: How will alternative scenarios for future water supply capital investments affect the future competitiveness and growth of the region’s economy? How can that information help identify investment gaps that require funding to allow economic growth? • Category 6: Ongoing performance tracking: How can the evaluation and selection of future projects incorporate economic impacts and benefit-cost relationships? How can this approach apply to integrated water resources planning? The water sector can learn from the trans-portation sector and better identify the indirect and induced impacts of a water project. By highlighting these impact measure categories that help drive eco-nomic growth, water reuse projects may have opportunities for additional allies in a region’s economic development initia-tives, especially because water sector investments are comparable to transpor-tation investments on a job creation and return-on-investment basis. Marisa Tricas, MS, ENV SP is Manager, Water Resources, Innovation & Policy in the Water Science & Engineering Center at the Water Environment Federation. The information provided in this article is designed to be educational. It is not intended to provide any type of professional advice including without limitation legal, accounting, or engineering. Your use of the information provided here is voluntary and should be based on your own evaluation and analysis of its accuracy, appropriateness for your use, and any potential risks of using the information. The Water Environment Federation (WEF), author and the publisher of this article assume no liability of any kind with respect to the accuracy or completeness of the contents and specifically disclaim any implied warranties of merchantability or fitness of use for a particular purpose. Any references included are provided for informational purposes only and do not constitute endorsement of any sources.
RMW January 2017
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