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The Use and Misuse of Economic Impact Studies
Many public and private agencies, advocacy groups, and businesses want to know their economic impacts on their communities. They commission an impact study enabling consultants to diligently quantify and estimate the economic impacts, write reports, and present their findings. Some report’s findings are legitimate, but others have findings that appear to be dubiously high. At times it appears as if the primary purpose of these questionable studies is to demonstrate a significant contribution thereby justifying the success of the activity.