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Cleveland State UniversityEngagedScholarship@CSU All Maxine Goodman Levin School of Urban Affairs PublicationsMaxine Goodman Levin School of Urban Affairs1212002Cleveland State University: An Economic
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How to fill out an economic impact study
How to fill out an economic impact study
01
Identify the purpose of the economic impact study.
02
Gather relevant data on the economic activities being studied.
03
Calculate direct impacts, such as initial expenditures and job creation.
04
Estimate indirect impacts, such as supply chain effects and multiplier effects.
05
Assess induced impacts, which include changes in spending patterns due to the initial economic activity.
06
Analyze the overall economic impact and present the findings in a clear and concise manner.
Who needs an economic impact study?
01
Government agencies looking to assess the impact of policies or programs.
02
Businesses evaluating the impact of their operations on the local economy.
03
Non-profit organizations seeking to demonstrate their contributions to the community.
04
Academic researchers studying the effects of economic activities on a particular region.
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What is an economic impact study?
An economic impact study is a study that examines the effects of a specific project, policy, or event on the economy of a certain area.
Who is required to file an economic impact study?
Certain businesses, organizations, or government entities may be required to file an economic impact study depending on local regulations.
How to fill out an economic impact study?
An economic impact study typically involves collecting data on factors such as employment, income, spending, and tax revenues, and analyzing the potential economic effects of a project.
What is the purpose of an economic impact study?
The purpose of an economic impact study is to determine the potential economic benefits or costs of a proposed project or policy.
What information must be reported on an economic impact study?
An economic impact study may include information on employment impacts, income effects, tax revenue changes, and other economic indicators.
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