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Ontario Agri Business Association2020 Operations Forum Wednesday, February 19th Holiday Inn, Guelph601 Scottsdale Dr., Guelph 5198360231 8:30 a.m. 9:00 a.m.Registration What is the True Cost of NonCompliance?
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An economic impact study evaluates the effects of a project, policy, or entity on the economy, including changes in employment, income, and output.
Typically, businesses, government agencies, or organizations that are initiating projects with potential economic repercussions are required to file economic impact studies.
To fill out an economic impact study, gather relevant data on costs, revenues, and employment, and use specific economic modeling tools or templates provided by regulatory bodies.
The purpose of an economic impact study is to provide stakeholders with an analysis of the potential economic benefits or detriments of a project, facilitating informed decision-making.
Information typically includes projected employment numbers, income estimates, direct and indirect economic effects, and investment costs associated with the project.
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