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The Economic and Social Impact of Nonprofit Arts and Culture Organizations and Their Audiences inWashington County, OR Direct Economic Activity Total Industry Expenditures (FY2022)Organizations $16,589,413Audiences
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How to fill out total economic impacts
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Gather data on direct spending, such as revenues and expenditures.
02
Calculate the indirect impacts, including supplier spending and induced impacts on local businesses.
03
Determine the induced impacts, such as changes in household spending due to the initial direct spending.
04
Summarize all direct, indirect, and induced impacts to calculate the total economic impacts.
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What is total economic impacts?
Total economic impacts refer to the comprehensive assessment of the economic effects that an entity or activity has on the economy, including direct, indirect, and induced impacts.
Who is required to file total economic impacts?
Entities, organizations, or businesses that meet certain criteria related to economic activities or funding often have the requirement to file total economic impacts, typically as mandated by governmental or regulatory agencies.
How to fill out total economic impacts?
To fill out total economic impacts, one should gather relevant economic data, follow specific guidelines provided by the regulatory body, and ensure all necessary calculations and justifications are accurately documented.
What is the purpose of total economic impacts?
The purpose of total economic impacts is to provide a clear understanding of the economic contributions and ramifications of specific projects or activities, facilitating informed decision-making for stakeholders.
What information must be reported on total economic impacts?
Information that must be reported includes data on employment, revenue generation, expenditure, investment details, and other relevant metrics that demonstrate economic contributions.
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