economic impact assessments

An economic impact assessment evaluates how a project, policy, or investment affects the economy of a specific area. It considers factors like job creation, income changes, and business activity resulting directly or indirectly from the initiative. This analysis helps decision-makers understand the potential benefits and costs, guiding informed choices. Essentially, it measures how the activity can stimulate economic growth, improve livelihoods, or impact local businesses, providing a comprehensive picture of its overall economic influence.