Economic and Social Impact Analysis
Show the value of your work with our data-driven research.
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To learn about how Zenith Economics can suit your economic impact analysis needs:
Zenith Economics, LLC is an industry-leader in impact research capable of identifying and demonstrating the Economic and Social Impacts of your business, event, festival, data center, nonprofit, school, museum, organization, industry sector, or policy proposal. Our Economic and Social Impact Analysis services are designed to offer you objective, robust, and trusted insights.
Contact us today to learn more about how our Economic and Social Impact Analysis services can benefit your organization and support your strategic goals.
Zenith Economic Impact Case Studies:
Port San Antonio Study
Economic Impact Study of Port San Antonio finds $9 billion annual impacts, 18k direct jobs supported for Texans.
The Cheech Marin Center for Chicano Art Study
Economic Impact Study shows $29 million in museum economic impacts throughout Riverside County.
Why a Zenith Economic Impact Study?
Insight:
Understand how your work drives jobs, spending, and regional growth.
Credibility:
Back your efforts with rigorous, data-driven analysis and Zenith's expertise.
Strategy:
Make informed decisions with clear economic benchmarks.
Support:
Strengthen funding requests with measurable impact results.
Thought Leaders: Samuel Maury-Holmes and Johnathan Cahill
Mr. Maury-Holmes and Mr. Cahill are IMPLAN Certified Economists with over six dozen combined economic impact studies, ensuring Zenith can meet your organization's needs.
Economic Impact Study FAQ
What is an economic impact study?
An economic impact study is a comprehensive analysis that quantifies how a particular event, project, industry, or policy influences an economy. It typically evaluates total direct expenditures, indirect supply chain effects, and the induced economic activity generated by increased incomes and spending.
Why are economic impact studies important?
They provide valuable insights to policymakers, investors, stakeholders, and community leaders by illustrating the broader economic benefits or drawbacks associated with an organization, business, region, project, or initiative. This information aids in informed decision-making, demonstrating value, and strategic planning.
What are some of the key metrics captured in economic impact studies?
Each study reports on the following key metrics (and many more):
Employment: A measure of full-time, part-time, and seasonal employment. It is measured as an annual average, unless otherwise specified.
Labor Income: Total value of all forms of employment-based income (including for self-employed people and business owners). Labor income is “fully loaded” in that is includes benefits, retirement contributions, supplements and insurance. It is not interchangeable with other common pay terms like Salary or Wages. For more information on Labor Income, see IMPLAN’s detailed discussion here.
Economic Output: Total value of annual production for a given sector or regional economy.
Fiscal Revenues: Tax receipts generated for various levels of government, including local, state, and federal.
How are economic impacts measured?
Economic impacts are assessed through:
Direct Effects: Initial spending or investments that generate immediate economic activity.
Indirect Effects: Ripple impacts on suppliers and related industries.
Induced Effects: Additional economic activity generated when employees spend their income locally.
Why Zenith Economics for your economic impact study?
Zenith's team is amongst the most experienced in the world at conducting independent, robust, and trusted economic impact analysis. Founder Samuel Maury-Holmes and team member Johnathan Cahill are two of the only people certified in IMPLAN, the leading economic impact analysis tool, and Zenith has a demonstrated portfolio of work across dozens of unique clients and projects.
To learn about how Zenith Economics can suit your economic impact analysis needs:
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