CEDBR

Economic Impact Study

Understand the True Value of Your Projects and Investments

At the Center for Economic Development and Business Research (CEDBR), our economic impact studies provide clear, data-driven insights into how projects, businesses, and events affect local, regional, or state economies. Whether you’re seeking to inform stakeholders, support a funding proposal, or evaluate the return on investment for a major initiative, an economic impact study can provide the evidence you need to make informed decisions.

What Is an Economic Impact Study?

An economic impact study estimates how an activity—such as a new development, expansion, event, or policy—affects the economy through job creation, business activity, income generation, and tax revenue. These studies measure:

  • Direct impacts: Immediate jobs, income, and spending generated by the activity
  • Indirect impacts: Business-to-business spending within the supply chain
  • Induced impacts: Household spending as a result of new income in the community
A graphic illustrating the three types of economic impact: Direct Impact, Indirect Impact, and Induced Impact, with corresponding labeled circles.

CEDBR utilizes industry-standard models, including IMPLAN, to deliver customized, defensible, and easy-to-understand results.

Types of Economic Impact Studies We Offer

  • Capital investment and construction projects
    Understand the short- and long-term effects of new facilities or infrastructure.
  • Business expansions and relocations
    Demonstrate the potential economic benefits of adding new operations or jobs.
  • Higher education and nonprofit sector analysis
    Show how universities, hospitals, or nonprofits contribute to economic stability.
  • Public policy or program evaluation
    Assess how tax incentives, workforce programs, or legislation could affect the economy.
  • Event and tourism studies
    Quantify the local and regional benefits of conferences, sports events, or festivals.
A flowchart illustrating different entities that might request an economic impact study, including schools, business, government, nonprofits, and economic development organizations.
  • Business leaders preparing for site selection, grant applications, or community engagement
  • Economic development organizations seeking to attract or retain investment
  • Universities and nonprofits demonstrating community contributions
  • Government agencies and policymakers evaluating program or legislative impacts
  • Chambers of commerce and trade groups highlighting industry or event contributions

Request a Custom Economic Impact Study

Every region and project is unique—and so is our approach. If you’re ready to demonstrate the value of your organization or initiative, CEDBR is here to help. We’ll work with you to define the scope, collect relevant data, and deliver a high-quality report that meets your goals.

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