WHAT IS AN ECONOMIC IMPACT ANALYSIS

About this Report

What is an Economic Impact Analysis?

Economic impact analysis provides a comprehensive look at how an organization, industry, or event affects the economy of a region. All economic activities create “ripples” in the economy that are referred to as indirect and induced effects. These ripple effects are quantified by using an analysis known as Regional Input-Output Analysis. Economic and fiscal impacts can be divided into component parts, which are referred to as Direct, Indirect, and Induced. The following copy and graphic describe the economic ripple effect of JumpStart and its Partners’ activities. These economic impacts are more thoroughly explained in the Study Methodology section of this report.

• Direct – Activity attributable to companies supported by JumpStart and its Partners (employees, their associated payroll, etc.) as reported by the companies. In this report, direct jobs include both those employed and employed as contractors by the companies served by JumpStart and its Partners.

• Indirect – The economic activity of the entities that provide goods and services to the companies supported by JumpStart and its Partners, such as suppliers and service providers.

• Induced – Activity arising from employee (both Direct and Indirect) spending.

Economic Activity IMPACT LEVELS

JumpStart and its Partners provide funding and services to companies. Direct Indirect Induced

The supported companies employ people and generate revenue. The companies buy goods and services which create jobs and revenue for the suppliers of goods and services. Employees of the supported companies and the supplier companies buy household goods like groceries, which further creates jobs and revenue.