Economic Impact Analysis and Business Strategies
Comprehensive Assessment of Jobs, Economic Activity, Business Strategies & Operations That Change Market Environments, Policies, or Infrastructure Investment Trends
Are you looking to demonstrate a positive impact on jobs and the economy related to your business strategy? We offer comprehensive assessments that quantify and clearly articulate the economic effects on jobs, tax revenues, and more resulting from changes to the status quo.
Private sector companies rely on us to evaluate shifts in their market environments and quantify their contributions to economic development. Public agencies and trade associations engage our expertise to assess the economic impact of regulatory policy changes, fiscal spending realignments, or proposed infrastructure projects. Global customers trust our economic impact analysis for objective and defensible assessments, leveraging our extensive industry expertise, comprehensive economic databases, forecasts, and proven methodologies. This empowers them to:
- Secure tax relief for major capital projects
- Shape forward-looking business strategies
- Understand market trend impacts
- Enhance lobbying strategies
- Attract foreign investments
- Drive economic development initiatives
- Validate significant revenue decisions
Sample Projects
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Public Investment’s Economic Impact
Challenge
Demonstrate a proposed policy or project’s impact on the economy
Solutions
- Cost-benefit analysis
- Project impact models by gross state product (GSP), gross domestic product (GDP) and employment by business sector
- Outcome estimates by 32 NAICS sectors at the two-digit NAICS level
- Economic development planning
- State/regional tourism or other industry growth plans
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Private Investment’s Economic Impact
Challenge
Provide proof of company contribution to the economy in exchange for tax relief
Solutions
- Quantitative analysis of employment, income, wealth and purchasing power at local, state or national levels
- Assessments to support negotiations with public officials
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Travel/Tourism Industry’s Economic Impact
Challenge
Marshall support for travel/tourism sector based on its positive economic contribution
Solutions
- Assessments, including jobs and revenues generated
- Tourism Satellite Accounts to determine revenue distribution in- country
- Modeling of capital investment needed to sustain tourism growth
- Comparisons of tourism with other industries
- Tourism asset evaluation and marketing campaign performance
Our Advantage
Engage us to receive the following benefits:
- Fact-based insight from an unbiased, independent source
- Deep industry expertise and access to the largest collection of economic and financial data sets
- Reliable intelligence from the most consistently accurate forecaster in the industry
- Access to country analysts with knowledge of global regions’ histories, industrial profiles, and key decision-makers
- Ability to strengthen your position during negotiations and make better planning decisions using both quantitative analysis and information on local stakeholder perspectives, preferences, and behaviors
Case Studies
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Proposed Intermodal Rail Facility
Challenge
Prepare an economic impact study for a proposed intermodal rail facility that would provide greater access to an alternate shipping corridor while reducing truck traffic congestion at an existing downtown terminal.
Solutions
Using our proprietary Transport Impact Models, we conducted a scenario analysis that measured the impact of the new intermodal terminal under four different capacity levels of key surrounding ports feeding into the facility.
Results
Our consultants determined that from 2008 to 2020, the facility would stimulate between 5,000 and 19,000 jobs while adding $3.3B to 12.4B in new wages.
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Quantify a Company's Impact on the Economy
Challenge
The world's largest general merchandise and food retailer needed to educate various stakeholders about the company's impact on the US economy.
Solution
S&P Global developed a series of fact-based model simulations depicting how the US economy would have performed had the retailer not existed.
Results
The model allowed our client to demonstrate that over a 24-year period, expansion of its presence in the US economy resulted in a cumulative 2.9% decrease in consumer prices, which translated into a savings of $980 for every person—and $2,600 per household—during 2008. The client incorporated the study's findings into a national advertising campaign that helped to solidify its value message to stakeholders.
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Evaluate the Economic Impact of a Tourism Industry
Challenge
A state tourism department needed to develop a credible estimate of the nature and economic impact of its tourism industry, in order to justify the allocation of promotion and development resources.
Solution
We developed a detailed Tourism Satellite Account to quantify the tourism industry's size as well as the nature of its jobs and the overall direct, indirect and induced economic impacts.
Results
Our study allowed the department to credibly communicate its understanding of the tourism sector both to industry participants and key government funding agencies.
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Align Oil Reserve Developer and Local Government Expectations
Challenge
The client (an International Consortia) and local government (new to the E&P industry) shared different ideas regarding an optimum new crude oil reserve development scheme.
Solution
Using advanced economic analysis and a 'Social Accounting Matrix' model, we quantified the economic impact (direct, indirect and induced effects) – leading to a clear understanding of government revenues, jobs creation and impact on GDP for each scheme.
Result
This work enabled the client to demonstrate that the investor-preferred development scheme created the greatest long-term economic benefits to the host country, countering the government's initial assumptions and significantly improving stakeholder alignment.
Research & Analysis
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