economic impact assessment tools

Economic impact assessment tools evaluate how a project, policy, or development influences an area's economy. They analyze factors like job creation, income shifts, business activity, and public revenue changes. These tools help decision-makers understand potential benefits or costs by modeling economic scenarios, often using data on industries, employment, and investments. They provide a comprehensive picture of economic health impacts, guiding responsible planning and resource allocation. Overall, these tools help determine whether a project will positively or negatively affect the local economy, supporting informed, balanced decision-making.