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This study estimates the economic contributions of the recreational vehicle (RV) industry to the U.S. economy for the year 2022. Conducted by John Dunham & Associates and funded by the Recreation Vehicle Industry Association (RVIA), the research employs standard econometric models to assess the direct, indirect, and induced impacts of various sectors including manufacturing, sales, rentals, repairs, services, aftermarket sales, financing, and tourism related to RV use. The findings highlight...
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Define the scope of the study and its objectives.
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An economic impact study evaluates the effects of a specific project, policy, or event on the economy, including indicators like employment, income, and spending.
Typically, organizations, businesses, or governmental entities initiating projects that significantly influence the local or regional economy are required to file an economic impact study.
To fill out an economic impact study, gather relevant data on the project's costs, benefits, affected industries, and anticipated outcomes, and follow specific guidelines provided by the regulatory body overseeing the filing.
The purpose of an economic impact study is to provide stakeholders and decision-makers with an analysis of how a proposed project will affect the local economy and to support informed planning and investment decisions.
The study must report information related to projected employment changes, income generation, spending patterns, and other economic indicators relevant to the project's impacts.
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