Capture Economic Momentum
Economic Impact Analysis
Economic impact analysis is a vital tool for organizations looking to measure and communicate the economic benefits of their projects and initiatives. Projects that include construction activities and/or long-term operations not only create jobs but often inject significant amounts of money into the local economy. This infusion of business activity and wages paid to employees drives a cycle of positive economic spinoffs, known as the multiplier effect.
Quantifying Economic Benefits
For businesses, economic impact analysis helps quantify how new investments, business expansions, or strategic initiatives generate economic growth, create jobs, and contribute to tax revenue. This is a powerful tool for communicating the economic benefits that a project or initiative is expected to generate for a region. At SUMMIT72, our experienced economic impact consultants produce realistic and defensible economic impact projections that support the project development process and foster stakeholder buy-in.
Supporting Broader Economic Decisions
Governments, non-profits, and other organizations also leverage economic impact analysis to evaluate the impact of policy changes, infrastructure investments, and public projects. These analyses are critical for justifying public investments, guiding decision-making, and helping stakeholders understand the positive economic implications of various initiatives.
Expertise Across Government and Industry
SUMMIT72’s economic impact consultants have extensive experience providing economic impact analysis for federal, provincial, and municipal governments, as well as private sector entities. Our proven track record in delivering comprehensive economic assessments ensures that we can offer tailored insights that meet the unique needs of your organization and project.
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