Economic Impact Analysis (EIA)
What is EIA?
Economic Impact Analysis (EIA) is a methodology for evaluating the impacts of a project, program or policy on the economy of a designated region. It is an important analysis tool for decision-making, providing a measure of strategic goal achievement that complements the analysis of efficiency (benefit-cost) analysis and financial feasibility.
EIA shows impacts on business sales, jobs, value-added, income, tax revenue and competitiveness among industries, regions and over time.