Reviewing economic base, impact
analysis, current & future trends
People will more readily back your agenda if you can show them the expected pay-back. Economic impact studies can be used to predict the direct or indirect effects of a policy, investment or key industry at city, county, metro and state level. Typical measures of economic impact include income (wages), employment (jobs), and expenditures (sales). Direct impacts include the number of jobs created, the wages paid by the jobs, and the impacts of the jobs on personal consumption spending and sales tax. Indirect impacts look at the long-term effects created by a plan or investment decision – how the impacts multiply over time (the multiplier effect). ► Email us
Economic impact allows you to:
Compare economic returns in different detailed industries
Measure city, county, metro and state impacts of industry growth/decline
Understand direct and indirect effects, including tax impacts
Show multiplier effects from industries with the largest impact
Determine "gaps" in your economy for development & recruitment
Analyze economic base to determine a region's driving industries
Create regional "comparative static" type input/output models
See regional exports and imports and primary jobs
Get data for customized study areasEvaluate construction of a new business park or military base closure
Select impact of new services, e.g. hospital, college or affordable housing