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STATE OF CALIFORNIA DEPARTMENT OF FINANCEECONOMIC AND FISCAL IMPACT STATEMENT(REGULATIONS AND ORDERS) STD. 399 (REV. 12/2013)ECONOMIC IMPACT STATEMENTDEPARTMENT RECONTACT PERSONAL ADDRESSTELEPHONE
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How to fill out economic impact statement

01
Start by gathering all the necessary financial information and data related to the project or proposed economic activity.
02
Identify and quantify the direct and indirect effects that the activity will have on various aspects of the economy such as employment, income, taxes, and production.
03
Prepare a detailed report outlining the methodology used, assumptions made, and calculations performed to determine the economic impact.
04
Include any potential positive or negative externalities that may arise from the activity and estimate their impact on the local community and environment.
05
Present the findings in a clear and concise manner, using charts, tables, and graphs to support the analysis and make it easier to understand.
06
Review and verify the accuracy of the information and calculations before submitting the economic impact statement to the relevant authorities.

Who needs economic impact statement?

01
Economic impact statements are needed by various stakeholders including:
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- Government agencies and policymakers who use the information to make informed decisions regarding economic development, infrastructure projects, and policies.
03
- Businesses and investors who assess the potential economic benefits or risks of a project before making investment decisions.
04
- Community organizations and non-profit entities that rely on such statements to understand the potential effects of proposed activities on the local community.
05
- Researchers and economists who use the data and analysis in economic impact statements to study and analyze the overall economic health of a region or country.
06
- Legal and regulatory bodies that require economic impact statements as part of the approval process for certain projects or activities.
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An economic impact statement is a document that analyzes the potential effects of a particular policy, project, or decision on the economy.
Individuals, businesses, or organizations involved in a project or policy that may have significant economic effects typically need to file an economic impact statement.
To fill out an economic impact statement, one must gather relevant data, analyze potential economic impacts, and present findings in a clear and concise manner.
The purpose of an economic impact statement is to inform decision-makers and stakeholders about the potential economic effects of a proposed action.
An economic impact statement must include data on projected revenues, costs, job creation or loss, and other economic indicators related to the proposed action.
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