Leveraging Economic and Fiscal Impact Studies for Informed Decision Making
The webinar will explore the critical role of economic and fiscal impact studies in:
Shaping effective economic development strategies
Measuring the return on investment for financial assistance provided
Enhancing story telling/communication about the importance of economic development
Aimed at economic development professionals, the session will delve into why these studies are essential tools for making informed decisions and how to effectively utilize them to drive growth and prosperity.
Key Topics
Understanding economic and fiscal impact studies: Definition, components, and methodologies
The importance of data-driven decision-making in economic development
Case studies: Louisiana Film Industry Tax Credit Program ROI analysis, 7-Mile Bridge Trail Impact Analysis (FL), Fiscal Impact Analysis for the City of North Port Florida, Economic Impact of Lee Health (FL)
Best practices for conducting and interpreting impact studies
Integrating study findings into economic development strategies and policy-making
Learning Outcomes
By the end of this webinar, participants will be able to:
Articulate the value of economic and fiscal impact studies in economic development
Identify key components and methodologies used in these studies
Apply best practices for commissioning, conducting, and interpreting impact studies
Leverage study findings to inform policy decisions and attract investment
Communicate the importance of impact studies to stakeholders and community members