WAYS TO SUCCESS: Economic Impact Report

What is EIA?

An Economic Impact Analysis (EIA) report helps assess how a specific project, program, or policy affects the economy within a certain area. It is a valuable tool for making informed decisions, as it shows how well a project supports strategic goals, along with other evaluations such as cost-benefit analysis and financial feasibility.

The EIA report measures things like business sales, job creation, income, value-added contributions, tax revenue, and overall competitiveness across industries and regions over time.

To create this report, make sure your Tier 1 spend data is uploaded in your portal. Once uploaded, go to the Tier 1 dashboard, click on the Economic Impact tab, apply the necessary filters, and then click "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

How can you use this information?
It helps tell the story of your diversity expenditures. Use it to highlight your achievements, share results, and set measurable goals for the upcoming 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?