Local Community Impact Visualization
Economic Impact Analysis (EIA) is a method used to evaluate the potential effects of a particular event, project, or policy on the economy of a specific area, typically measured through changes in job creation, wealth, and the overall standard of living. EIA considers direct, indirect, and induced effects, providing a holistic view of economic repercussions.
Delve into the profound effects of your diversity initiatives with our specialized Economic Impact Analysis and Reporting tool. Utilizing the revered Input-Output Model—a blend of both macro and micro analytical techniques—our system processes intricate microeconomic data, from industry behaviors to governmental actions, to evaluate broader macroeconomic outcomes like GDP, employment, and income.
With the capability to dissect impact by variables such as State, Region, Business Unit, or Commodity, our methodology—endorsed by economists and adopted by the Department of Labor—provides unparalleled depth. Our clients particularly appreciate the clarity it brings, revealing the tangible benefits of their diversity investments right at the grassroots level.
Dedicated to enhancing the value across your supply chain, business partners, and industry, we employ a robust input-output modeling approach. Experience the transformative benefits of a demonstrably diverse business network.
Leverage our advanced analytical tools to discern both the overarching and intricate views of job creation. Break down the employment impact by categories such as State, Business Unit, and Commodity, among others. Witness the tangible employment growth powered by your diversity spending.
A key objective of diverse expenditure is to foster positive growth in the local communities where you and your suppliers function. Our tailored reports provide clear insights, showcasing the precise influence your investments have on these regions.
Navigating your economic impact analysis is our priority. Reach out for any queries related to your economic impact reporting requirements.
An economic impact report offers tangible insights into your contributions. Without accurate data, gauging your real influence is challenging. Let us handle the intricate analysis, allowing you to visualize your genuine impact.
We rely on a trusted, industry-recognized methodology crafted by economists. This approach, endorsed and utilized by the Department of Labor, offers precise insights into your impact.
Absolutely! Our comprehensive reports cover all categories. However, if you have specific requirements, we can tailor the report to focus on select categories, all without extra charges.
The frequency varies per client. While many prefer annual reports, some choose quarterly insights. We're flexible and will align our offerings with your preferences.
All diverse and non-diverse and US or Non-US suppliers to self-register in your portal so you can easily find and engage with them. Our tool will ensure the validity of their diversity certificates as well.
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Streamlining the Tier 2 Direct and/or Indirect Spend reporting and review process for both Prime Suppliers and your internal team. Get access to standard reports or build your own.
Source suppliers already registered in your portal or find new suppliers using our External Supplier DB to easily vet and engage them with your events or opportunities.