Economic Impact Assessment
Economic impact can provide a focus to consider the wealth or level of economic activity in a given geographic area or zone of influence. It is usually feasible to identify baselines and significant indicators to measure improvement in the economic well-being of an area, such as via increased:
- business output
- value added
- wealth (including property values)
- personal income (including wages) or
- jobs.
See also: The Economic and Community Impacts of the Museum of Fine Arts, Boston