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.
Clearly define the event and exactly what constitutes related activities.
Identify the sources of the impacts. Who is injecting money to produce the impacts (non-resident participants/spectators, etc.)?
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).
Determine the type of impacts to be assessed in terms of expenditures/incomes/employment/taxes, etc.