Economic impact is based on the theory that a dollar flowing into an economy, that otherwise would not have been spent, is a benefit to the economy.  Economic impact studies not only measure economic impact, but are also used to provide information in the decision to publicly fund sports venues or sports commissions/authorities, or to measure the “success” of events hosted in a local community in generating positive economic outcomes for both the event owners and the locale.

Economic impact analysis measures new spending in a local economy due to the presence of, for example, a facility or an event.  The change in the economy is measured in terms of total new spending, fiscal impact (total new taxes collected), personal income generated, and jobs created, both directly and indirectly. By increasing the new money in an economy, the economic benefit is serving a greater good by increasing government tax revenue, augmenting business income, and ultimately resulting in more jobs and higher personal income for residents of that economy.

SportsEconomics possesses substantial experience in economic consulting to the sports industry, with specific knowledge of the economic impact of facilities, events, and teams. Considering the publicity and scrutiny surrounding such studies, it is imperative to select a firm that not only has substantial experience, but also has a reputation for consistently providing an accurate assessment of economic impact. SportsEconomics' methodology is sound and defensible, and we are qualified to and capable of affirming our results to any audience necessary.

Click here to link to our case study: Economic Impact Analysis of Sports Facilities, Economic Impact Analysis of Events, Economic Impact Analysis of Teams