WAYS TO SUCCESS: Economic Impact Report

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.

To generate this report, you will need to have your Tier 1 expenditures uploaded to your portal. Once these are loaded, you can go to the Tier 1 dashboard and select the Economic Impact Tab. Select the appropriate filters and SELECT "Generate Report".

The RESULTS will show:

Jobs Supported (Overall)

Total Value Added

Total Compensation

Total Output

Jobs Supported by Diversity Category

The Top 10 Impact by NAICS code

Impact by Supplier Classification

What do you do with this information? This tells a story regarding your diversity expenditures, use this information to demonstrate results and set goals for the next year.

Economic Impact Menu:

1. Economic Impact Analysis (EIA)
2. WAYS TO SUCCESS: Economic Impact Report
3. HOW TO: Generate an Economic Impact Report
4. Economic Impact Report: How are my totals calculated?