Economic and Fiscal Impact Analysis >
Economic Impact Studies for Nonprofits
Nonprofit organizations are essential pillars of our communities, driving positive change and fostering growth in all sectors of the economy. Showcasing your nonprofit’s economic impact can enhance your organization’s credibility, attract funding, and motivate community support.
Our comprehensive economic and fiscal impact studies are designed to help you tell the compelling story of how your organization benefits your community.
What Types of Nonprofits Can Benefit from Economic Impact Analysis?
Our economic impact services are tailored to meet the unique needs of various types of nonprofits, including:
- Entrepreneurial Support Organizations (e.g., incubators, accelerators, catalysts, etc.): Demonstrate how your programs foster innovation, support startups, and contribute to local economic growth.
- Community Revitalization Organizations: Highlight the transformative impact of your initiatives on neighborhood development, property values, and community well-being.
- Industry Advocacy Groups: Showcase your role in attracting and supporting businesses, encouraging innovation, and driving growth in targeted sectors.
- Arts and Culture Nonprofits: Illustrate the cultural enrichment, tourism, and economic benefits your events and programs bring to the community.
- Education and Workforce Training Organizations: Emphasize how your educational programs and workforce training initiatives enhance skills, increase earnings, and help employers find the workers they need to foster a thriving economy.
The Results You Can Expect
Our economic and fiscal impact analyses provide a detailed and organized report of your organization’s contributions to the community. We examine various quantitative and qualitative aspects, including:
- Job Creation: How many jobs your nonprofit supports, both directly and indirectly.
- Earnings: The increase in income for individuals and households resulting from your organization’s activities.
- Sales: The boost in local business revenues attributed to your programs and initiatives.
- Public Funding Leverage: For every dollar spent by taxpayers, your nonprofit has leveraged additional money through grants and private funders.
- Return on Investment: For every dollar spent on programming, your nonprofit has generated additional economic activity in jobs, earnings, and sales in your community’s economy.
- Tax Revenue: The additional tax revenue generated for local, state, and federal governments.
Beyond these quantitative measures, we also highlight the qualitative impacts, offering insights into how your organization enhances quality of life in your community.
Developing Holistic Case Studies Through Community Engagement
To provide a more comprehensive understanding of your nonprofit’s impact, our team develops holistic case studies using interviews with the people and businesses that have benefited from your work.
These case studies offer personal stories and testimonials that paint a vivid picture of your organization’s importance to the community. By capturing these narratives, we help you build a more holistic and persuasive case for your nonprofit’s value.
Ready to get started?
Contact Angela Hallowell, Economic Data and Research Analyst:
P 518-899-2608, Ext. 102
E angela@camoinassociates.com
Services
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Strategic Planning
Strategic Planning
Whether you’re developing a statewide, regional, or local strategic plan, Camoin Associates works with clients to set a vision and develop strategies that will support ambitious, but achievable, goals.
+ Comprehensive Economic Development Strategies (CEDS)
+ Downtown revitalization plans
+ Economic development strategic plans
+ Evaluation and benchmarking
+ Strategic visioning
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Workforce Development and Talent Retention
Workforce Development and Talent Retention
Camoin Associates can help you craft actionable workforce development and talent retention solutions to create a resilient labor pipeline, supporting equitable and inclusive economic growth.
+ Labor market analytics
+ Occupation and skills gap analysis
+ Career pathway mapping
+ Workforce pipeline development
+ Talent retention and attraction strategies
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Real Estate Development Analytics and Advisory
Real Estate Development Analytics and Advisory
We help communities and developers do it all — from uncovering opportunities and developing project concepts to finding funding and navigating all the complexities from start to finish.
+ Housing needs assessments and housing strategies
+ Market analysis
+ Development strategies
+ Brownfield redevelopment
+ Developer advisory services
+ Financial feasibility analysis
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Economic and Fiscal Impact Analysis
Economic and Fiscal Impact Analysis
To us, measuring the jobs, earnings, sales, and revenue is only the beginning. We take a holistic approach to economic and fiscal impact to tell the full story of what a project, industry, program, or development will do for the community.
+ Economic impact
+ Fiscal impact
+ Tax credit benefit/cost analysis
+ Tax Increment Financing (TIF)
+ District Improvement Financing (DIF)
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Prospecting and Business Attraction
Prospecting and Business Attraction
As an established global research and direct marketing company, we have a track record of customizing and implementing high-end, mission-critical research and marketing campaigns that exceed client expectations.
+ Trade show planning
+ Marketing mission planning
+ Virtual and in-person meeting setting
+ Website assessment
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Industry Analytics and Strategy
Industry Analytics and Strategy
As leaders in research and data analysis, we use the most advanced and comprehensive economic data and tools to understand the supply chain, industry market trends, and sector needs, and unearth emerging opportunities.
+ Target industry and cluster analysis
+ Supply chain and trade gap analysis
+ Geographic competitiveness analysis
+ Site selection needs analysis
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Entrepreneurship and Innovation
Entrepreneurship and Innovation
We help clients identify, connect with, understand, and strengthen their entrepreneurial ecosystems. Our mission is simple: to build a more inclusive economy for the future by connecting and inspiring the entrepreneurs of today — and tomorrow.
+ Startup ecosystem assessment and action planning
+ Equitable entrepreneurship strategies: Breaking down barriers
+ Entrepreneurship metrics tracking and evaluation
+ Market research and intelligence
+ Small business outreach and resource centers
+ Policy and code assessment and outreach
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Business Retention and Expansion
Business Retention and Expansion
Economic development is built on connections, and our custom business engagement solutions help you make those connections — from business retention to business attraction.
+ Business visitation process creation and set up
+ Logistical and technology support
+ Follow up plans and strategy development