HOW TO: Generate an Economic Impact Report

Economic Impact Reporting — What It Is and Why It Matters

Economic Impact Reporting shows you the real-world value your supplier spending creates — not just what you paid, but the jobs sustained, wages supported, and economic activity generated across your region and supply chain.

Using the federally trusted RIMS II model from the U.S. Bureau of Economic Analysis, the report translates your Tier 1 spend into measurable outcomes: total output, value added, compensation, jobs by diversity category, and impact by industry (NAICS code).

Use it to demonstrate your organisation's contribution to local and national economies, build the case for diverse and local sourcing, and set goals you can track year over year.

Click here for a quick step by step look at how to generate the economic impact report