If you can’t measure it, you can’t manage it …
Are you looking for new ways to assess your impact in the marketplace?
The Atlantic Provinces Economic Council (APEC) has more than 60 years of experience helping companies and organizations throughout the region understand how their organizations fit within the regional economy.
Economic Impact Analysis: The APEC Advantage
APEC has access to the skills and tools required to estimate the impact of new industries, business expansions or closures, and changes in industrial economic activity. We can position your project in a broad Atlantic Canadian context and provide relevant local and regional trend data.
APEC reports can assist you in communicating your project’s economic and fiscal impacts to key industry stakeholders. Our focused, clear analysis of your project’s impact on employment, earnings, GDP, economic output and taxation will provide decision makers, the business community, the general public and media with a deeper understanding of the value your industry or project contributes to the regional and provincial economy.
APEC’s economic impact analysis provides estimates for the direct, indirect and induced impact of an industry on output, GDP, household income and employment. Reports can provide fiscal impact analysis related to taxes collected on the household income and business profits, including federal and provincial taxes such as personal and corporate income taxes, sales and commodity taxes, custom duties, payroll taxes, other taxes and government user fees. If required, municipal taxes are also estimated. Our research is customized to suit your needs.
Samples of APEC client Economic Impact Analysis are included below. All publicly released APEC research is availble here.
Nova Scotia Automobile Dealers’ Association (NSADA)
The NSADA engaged APEC to estimate the economic and fiscal impact generated by the members of the NSADA in 2013. This report’s methodology built on previous similar studies conducted by MNP for the New Car Dealers Association of British Columbia. APEC reversed engineered the MNP methodology and then applied it to the NSADA’s membership sales. The NSADA promotes positive relationships with its key stakeholders by offering effective programs and services. The study provided key stakeholders critical information about the relative size and impact of this industry. NSADA communicated the results of this study to the media and posted the study on its member website.
Nova Scotia Department of Natural Resources
The Nova Scotia Department of Natural Resources asked APEC to provide an economic impact of the Nova Scotia forest industry. This report covered the period 2003 to 2012, and updated a 2005 APEC report but was challenged by new data confidentiality in the paper manufacturing industry. APEC developed a customized methodology that met the client’s needs, enabling an assessment of the impact of significant industry restructuring in 2012 and 2013, including the closure of a newsprint mill and containerboard plant; and the sale and consequent downsizing of a paper manufacturing operation. APEC presented the final results to the Minister and senior departmental staff and the Nova Scotia Department of Natural Resources incorporated a summary of the impacts from this study in a press release and used the study to inform policy decisions.
Urban Development Institute of Nova Scotia (UDINS)
Regional Municipality (HRM) and Nova Scotia over the period 2006 to 2010. APEC measured the relative economic and fiscal impacts versus other sectors and the relative magnitude of the municipal tax impacts within the HRM versus the municipality’s total revenue base. The study was used to inform governments of the impact of the industry and identified recent trends in development activity in relation to the level of taxes and fees levied on the industry. UDINS presented the results to its members and to government and posted the study on its website.