Step 2 - Learn the Main Tasks
 

What follows is a brief summary of the Tasks and related issues to be considered when conducting economic impact analysis of recreation events/facilities. These Tasks are discussed in more details in the Economic Impact "Complete Guide" and can be referenced by following the links.

TASK 1 Determine the Scope of the Study:


  1. Clearly define the event and exactly what constitutes related activities.
  2. Identify the sources of the impacts. Who is injecting money to produce the impacts (non-resident participants/spectators, etc.)?
  3. Precisely define the area over which the impacts will be assessed (community(s)/ county(s)/ province, etc). This Task is critical as it influences local/non-local direct expenditures and the multiplier(s).
  4. Determine the type of impacts to be assessed in terms of expenditures/incomes/employment/taxes, etc.
 

 

© 2007. Annapolis Valley Event and Sport Tourism Association (AVESTA)