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2021 CHAVES COUNTY 4H AWARD AREAS NAME: ___ AGE: ___ YEARS IN 4H: ___ CLUB: ___ ENROLLED AS JUNIOR LEADER ___YES ___NO PLEASE MARK THE PROJECT AREAS THAT YOU ARE INCLUDING IN YOUR RECORD BOOK. PROJECT

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How to fill out economic impact and contribution

01

Gather data on all relevant economic activities within the specified area or industry.

02

Calculate the direct impacts, such as jobs created and revenue generated, from these economic activities.

03

Consider indirect impacts, such as the effects on other businesses or industries as a result of the economic activities.

04

Account for induced impacts, which are the effects on consumer spending and the overall economy due to the initial economic activities.

05

Present the economic impact and contribution findings in a clear and organized manner, using tables, charts, and graphs as necessary.

Who needs economic impact and contribution?

01

Government agencies looking to assess the overall economic health of a region or industry.

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Business owners and investors interested in understanding the financial implications of their operations.

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Non-profit organizations seeking to demonstrate the value of their programs and initiatives to funders and stakeholders.

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What is economic impact and contribution?

Economic impact and contribution refer to the measurable effects that an organization, business, or government action has on the economy, including factors such as job creation, revenue generation, and overall economic growth.

Who is required to file economic impact and contribution?

Organizations, businesses, and sometimes individuals that receive public funding or are engaged in activities that significantly affect local economies are typically required to file economic impact and contribution assessments.

How to fill out economic impact and contribution?

To fill out economic impact and contribution forms, gather necessary financial data, complete the specified forms by providing relevant quantitative and qualitative information, and ensure accuracy before submission.

What is the purpose of economic impact and contribution?

The purpose of economic impact and contribution assessments is to evaluate how specific activities or projects contribute to economic development, justify funding, and inform policy decisions.

What information must be reported on economic impact and contribution?

Reported information typically includes financial data, number of jobs created or lost, tax revenues generated, and other economic indicators that reflect the project's impact on the community.

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