Economic Impact definition
Economic Impact means economic impact analyses that identify the value in terms of sales tax and income tax revenues to the state and to the local community of the establishment that the retention and expansion or modernization of the manufacturing site provides. The Oklahoma Department of Commerce may contract for the performance of an economic impact analysis to aid it in determining whether to enter into a quality investment agreement with a particular establishment, upon recommendation of the Quality Investment Committee;
Economic Impact means a financial impact on:
Economic Impact means the direct financial result of visitor spending at a tourism destination, attraction or event.
Examples of Economic Impact in a sentence
Economic Impact on Small Businesses The proposed action has minimal or no economic impact on small businesses.
Economic Impact There are no requirements for new funding associated with this report.
Sections III & IV, the Cost Proposal and Maine Business and Economic Impact Consideration sections, will be scored as described below.
The collection and recognition of the information collected with the Indiana Economic Impact form places a strong emphasis on the economic impact a project will have on Indiana and its residents regardless of where a business is located.
Economic Impact This will be addressed when the technical report is completed.
More Definitions of Economic Impact
Economic Impact means the impact of a project or business on the state, a region, or locality, and may include, but not be limited to, the review of the type of industry, type of employment created, potential for growth, saturation in a particular market or saturation of a type of industry or employment in the state or a particular region or locality, direct, indirect, and induced employment creation, temporary employment and any other similar factors.
Economic Impact. The Project is not expected to have a negative impact on the U.S. economy. U.S. procurement is expected to have a small, but positive impact on U.S. employment. The Project is expected to have a net negative five-year impact on the U.S. balance of payments impact.
Economic Impact means the direct financial outcome of visitor spending resulting from attendance at conventions, meetings, exhibitions, trade shows and events at the Convention Centers.
Economic Impact shall have the meaning set forth in Section 6.3(a)(vi).
Economic Impact means a projected positive financial effect that the Eligible Project may have on the City of Fairfield economy. (Ord. No. 2019-08, § 3.)
Economic Impact means all of the following with respect to the approval or denial of a HSTS or SFOSTS, as applicable:
Economic Impact means the net change of money in a community as a result of visitor spending on an event or attraction. To have an economic impact, the money must be new dollars introduced into the community, rather than dollars that would be spent in the community as a matter of course. Therefore, economic impact typically does not include money spent by residents, even if they attended the event being studied. The impact is determined by the amount of money (and its multiplier effect) spent by out‐of‐town visitors on such things as hotel rooms, restaurant meals, souvenirs, gasoline, etc., as well as accompanying increases in jobs and tax revenues. The amount of economic impact will be determined using the City’s Economic Impact Calculator.