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REQUEST FOR PROPOSALSECONOMIC ANALYSIS AND IMPACT STUDY OF PHASING OUT TRANSIENT VACATION RENTAL USE IN APARTMENTZONED DISTRICTSOFFICE OF COUNCIL SERVICES County Of Maui 200 South High Street, Room
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Economic analysis and impact refers to the assessment of the economic consequences of various policies, regulations, or projects. It evaluates costs, benefits, and overall economic implications affecting stakeholders.
Typically, government agencies and organizations that propose new regulations, policies, or projects are required to file economic analysis and impact reports to assess their potential effects.
Filling out economic analysis and impact involves identifying relevant data, estimating costs and benefits, analyzing effects on different stakeholders, and summarizing findings in a structured report.
The purpose of economic analysis and impact is to inform decision-makers about the economic implications of their actions, enhance transparency, and ensure that policies are efficient and beneficial.
Information that must be reported includes the nature of the project or regulation, estimated costs and benefits, potential economic impacts, affected populations, and recommended actions.
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