Youngstown/Warren Regional Chamber adds new economic impact anal - WFMJ.com News weather sports for Youngstown-Warren Ohio

Youngstown/Warren Regional Chamber adds new economic impact analysis service

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The Youngstown/Warren Regional Chamber has announced that they are launching a new analysis service.

According to the release, the new economic impact analysis service will help examine the effects of an event on the economy in a specific area.

The economic impact analysis will also measure changes in business revenue and profits, personal wages, and the number of jobs.

The release says that the analysis can evaluate the outcome of community events and municipal taxing too.

The Regional Chamber said that it is vital to showcase the impact a company can create on the community after investing in the market.

The Chamber said that their team will present an analysis for each of the attraction projects they manage as well as provide the service to other entities outside their scope.

Shea MacMillan, manager of Business Development at the Regional Chamber, said, "Performing an economic impact analysis for each one of the Chamber's economic development projects will be instrumental in presenting their value to the communities that are impacted by the direct investment or spin-off growth."

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