Economic Impacts Assessment
EcoTec Consultants offers to its clients a range of services to fulfill their specific needs. We can satisfy the requirements of both federal and provincial departments and agencies, private sector, municipalities or consulting firms.
Simulations
We offer a service to estimate economic benefits for clients who can provide the required datasets. Two types of economic simulations are offered: open and closed. An open simulation will estimate the indirect economic impacts on suppliers. A closed simulation is used to calculate the induced economic benefits which are generated by household expenditures. Since household income (salaries, etc.) represent over 60 % of the Gross Domestic Product in Canada, it is very important to be able to calculate induced impacts in order to get a comprehensive overview of the economic benefits related to a given project.
Many of our clients are consulting firms which want to offer their clients the ability to estimate economic benefits at a competitive cost. Our services enable other consulting firms to take on assignments which include a section about economic costs and benefits. Prices are very competitive and volume discounts are available.
Studies
EcoTec Consultants can also produce complete reports, including on-site data collection. Such an approach is often preferred by governments agencies, municipalities, local economic development organizations, private sector firms, etc. Relatively complex issues such as the estimation of economic benefits generated, at the county level, by recreational activities on public land, are well-suited to this approach.
Model Development
For clients who prefer to conduct their own in-house economic impact assessments, EcoTec Consultants can develop software specifically tailored to their needs and requirements. This is especially useful for those organizations which have a need to do economic impact assessments on a regular basis and want to do it within the organization for costs or confidentiality reasons. Although initially more expensive, having such a model built to satisfy the unique requirements of a client will yield savings over a relatively short period of time while enabling the client to maintain full control over the whole economic impact assessment process.
We also offer the development of customized indicator suites software to facilitate the diagnostic of present socioeconomic circumstances, identification of underlying causes and tracking of changes.
Consulting Services
EcoTec Consultants offers expert advice for people who want to learn about the evaluation of economic benefits. Our advice includes the following:
✓ How to maximize economic benefits arising from a project in a municipality, county or province;
✓ Use diagnostic and tracking indicator suites for local or regional economic development;
✓ Advice on data collection to ensure that proper information is available to do the assessment of economic benefits.
If we can be of any help in helping you meet your goals, do not hesitate to contact us. We will be pleased to meet you to discuss your particular needs.