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This document summarizes the economic impact of a proposed rule related to the Certificate of Need program administered by the Mississippi Department of Health, detailing changes in fee structures
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How to fill out Concise Summary of Economic Impact Statement

01
Read the instructions carefully to understand the required format.
02
Gather relevant data on economic impacts from your project or proposal.
03
Identify key metrics such as job creation, revenue generation, and cost savings.
04
Summarize the data into clear and concise bullet points.
05
Write a brief introduction outlining the purpose of the statement.
06
Ensure all information is factual and backed by data.
07
Review for clarity and coherence, ensuring it easily communicates the economic implications.

Who needs Concise Summary of Economic Impact Statement?

01
Government agencies reviewing project proposals.
02
Businesses seeking funding or investment.
03
Researchers studying economic development.
04
Community organizations evaluating economic initiatives.
05
Policymakers assessing the impact of regulations or projects.
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Impact statements follow a simple formulaI: Describe the issue or problem statement (relevance) in simple terms appropriate for your principal audience. Provide an action statement (response). Describe the impact (results). Who was responsible? Your name and contact information.
Effective impact statements: Provide quantifiable evidence of change or difference the research or program made. Give other evidence, such as testimonials or anecdotes. Realistically project potential benefit for work in progress. Provide only enough detail to be easily understood.
Effective impact statements: Provide quantifiable evidence of change or difference the research or program made. Give other evidence, such as testimonials or anecdotes. Realistically project potential benefit for work in progress. Provide only enough detail to be easily understood.
The following approach ensures you include all essential components and make each sentence as effective as it can be: Write a personal introduction. The introduction, or opening paragraph, reflects you and your personality. Expand on relevant skills, interests and experiences. Write a strong conclusion. Proofread and edit.
Impact Statements should include a discussion of (1) the importance of the issue being addressed, (2) the role of Extension, (3) the nature of the educational program that was conducted, and (4) the impact that was realized (including a description of the evaluation method used to assess the impact).
You'll want to include the following in an economic impact statement: Who is being impacted (region, groups, etc.) Results of economic impact study as to the financial benefits or drawbacks to economic output, regional value added, jobs, and household earnings.
Example: Every morning when I wake up, I have to remind myself that my attacker won't be able to hurt me today. If I don't tell myself that I simply can't get out of bed. Since I was assaulted I have lost the full function of my right leg.

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The Concise Summary of Economic Impact Statement is a document that outlines the economic implications of a particular policy, regulation, or rule, summarizing the anticipated effects on the economy and affected stakeholders.
Entities or individuals that are proposing new regulations or significant changes to existing regulations are typically required to file the Concise Summary of Economic Impact Statement as part of the regulatory process.
To fill out the Concise Summary of Economic Impact Statement, you should provide clear and concise information about the proposed action, identify the economic impacts, and include data that supports the assessment of those impacts.
The purpose of the Concise Summary of Economic Impact Statement is to inform decision-makers and the public about the economic consequences of proposed regulations, helping them understand how these actions may affect the economy and stakeholders.
The information that must be reported includes the expected economic benefits and costs, the affected sectors and stakeholders, any potential job impacts, and other pertinent data that could influence economic decisions.
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