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CITY OF TORONTO MUNICIPAL LICENSING AND STANDARDSECONOMIC IMPACT ANALYSIS OF TORONTO TAXICAB, LIMOUSINE, AND PRIVATE TRANSPORTATION COMPANIES MAY 17, 2019OVERALL FINDINGS WSP Canada undertook a study
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To fill out an economic impact analysis, follow these steps:
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Start by gathering all relevant data such as employment statistics, sales figures, production and expenditure data, etc.
03
Identify the purpose of the analysis and what specific economic impacts you want to measure.
04
Choose an appropriate methodology for your analysis, such as input-output analysis, cost-benefit analysis, or economic multipliers.
05
Use the gathered data to estimate the direct and indirect economic impacts of the event, project, or policy you are analyzing.
06
Consider any potential secondary effects such as changes in consumer behavior, employment opportunities, or tax revenues.
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Summarize your findings and present them in a clear and concise manner, using charts, graphs, and tables as necessary.
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Make sure to include a discussion of the limitations and assumptions of your analysis.
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Review and validate your analysis by consulting with other experts or conducting sensitivity tests.
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Finally, document your sources and provide references for all data used in the analysis.

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Economic impact analysis is needed by various individuals and organizations, including:
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- Government agencies and policymakers: They often use economic impact analysis to assess the potential effects of new policies, regulations, or public projects.
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- Businesses: Economic impact analysis helps businesses understand the potential benefits and costs of expansion plans, new investments, or changes in their operations.
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- Non-profit organizations: They use economic impact analysis to demonstrate the contribution of their programs or events to the local economy.
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- Developers and investors: Economic impact analysis helps them evaluate the financial feasibility and potential returns of real estate or infrastructure projects.
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- Academic researchers: Economic impact analysis is a valuable tool for studying the economic effects of various phenomena, policies, or events.
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The economic impact analysis is a study that measures the effect of a specific project or policy on the economy.
Government agencies, businesses, and organizations may be required to file an economic impact analysis depending on the regulations in place.
To fill out an economic impact analysis, one must gather data on the project or policy, analyze its potential effects on the economy, and present the findings in a report.
The purpose of an economic impact analysis is to assess the potential benefits and drawbacks of a project or policy on the economy.
Information such as projected job creation, changes in income levels, and impact on local businesses must be reported on an economic impact analysis.
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