Economic Impact Analysis
Circle Analytics (CA) performs economic impact analysis for a wide-variety of clients using proprietary software and data sets. CA is different from other analysts because it has invested considerable time understanding how to best reflect economic benefits as well as the social impacts.
Targeted data sets are available in every US market and can dramatically reduce the costs of custom studies. Our experience represents years of accumulated information.
A CA analysis will measure a project’s direct and indirect benefits and there are many different types of ‘project’. A project may be an individual business or just one of its locations. It could be a non-profit organization or only a special project. It might also be a city or counties public facilities construction project. A project may actually measure multiple projects to compare the benefits of one against another. An economic assessment might forecast the benefits of a future construction project or it might study a long-established enterprise that continues to benefit the local community. A study might value the exchange of dollars in a local economy but it may also show the benefits of hundreds or thousands of volunteer hours; or value placed on the thousands of visitors that attended an event.
An analysis will seek to understand ‘what are the total economic impacts that are measured in terms of both dollars and jobs’. Some projects are simple while others are comprehensive mixed-used studies that may include the value of annual sales, multiple construction elements, retail spaces, professional spaces, real estate transactions and leases. A project’s inputs may range from a few hundred thousand dollars to many billions of dollars.