Economic Impact Analysis
Ripple Effects: Know Your Project’s Impact
Beacon Economics is a leading provider of economic impact studies and analysis. Our researchers specialize in illustrating the economic or financial effect that major sporting and entertainment events, public and private investments, public policies and programs, and institutions will have on neighborhoods, cities, or any geographic area.
Using proprietary models that are based on careful, realistic methodology, we accurately quantify direct, indirect, and induced economic impacts related to job creation (direct and indirect), tax revenue (local, state, and federal), and household and individual income.
Demonstrating your project’s benefits through sound analysis can generate powerful public approval, garnering support from constituencies ranging from government decision makers, investors, the media, to the community at large.
We develop deeply comprehensive studies that identify economic, fiscal, and social impacts.
UNIQUE & HOLISTIC APPROACH
We include social impacts as part of a holistic and unique approach that captures and quantifies broader less obvious effects, such as the charity work performed by employees of a business or start ups and spin offs that result from an industry’s innovation and activities.
PROPRIETARY MODELS & ADVANCED METHODOLOGY
We employ proprietary models, apply quantifiable data, and use advanced scientific methodology to reveal economic value.
We identify the direct, indirect, and induced economic impacts related to:
- Job creation
- Federal, state, and local tax revenue
- Household and individual income
We implement customized surveys and work hand in hand with our clients to fully understand the unique aspects of each project, business, or organization.
We deliver true results and tell the story of your project’s or business’s impact using polished, easy to digest visual graphics and clear, compelling narrative.