Economic Impact of UBIZ Venture Capital's Programs and Projects

Apr 17, 2024·By William Parker

In the latest comprehensive analysis from UBIZ Venture Capital, we uncover the profound economic impact of UBIZ Venture Capital’s programs and projects, demonstrating our commitment to not only fostering innovative ventures but also stimulating substantial economic growth and development across various regions.

What is the Economic Impact?

The economic impact is the financial effect that an event, program, project, or policy has on an entity. That entity could be a person, a neighborhood, a city, an industry, or an entire country.

There are typically three key types of economic impacts being analyzed when doing an economic impact study. When you review an economic impact definition just about anywhere, you’ll see these terms:

 Direct Economic Impacts
Direct economic impacts would be the employment and income generated directly by our business advisory services.

 Indirect Economic Impacts
The indirect impacts used for an economic impact analysis would include employment and income generated through secondary sources.

 Induced Economic Impacts
This refers to the additional economic activity generated as employees who benefit from direct and indirect impacts spend their income in the local economy, creating a ripple effect that supports further job creation and income growth.

An infographic titled 'Types of Economic Impact' with three concentric circles representing different levels of economic impact of a project. The innermost circle is blue with the word 'Project' at the center. Encircling it is a yellow band labeled 'Direct Impacts,' illustrated with small green dollar bill icons. The next layer is a grey band labeled 'Indirect Impacts,' followed by the outermost orange band labeled 'Induced Impacts,' also adorned with green dollar bill icons. The image credit at the bottom reads 'Image: AGS, Airiodion.com.

UBIZ Venture Capital Economic Impact Process - Elements of the Economic Impact Analysis

A flowchart illustrating the elements of the economic impact analysis process. It begins with an orange rectangle labeled 'Business Questionnaire,' which leads to a green rectangle for 'Business Assessment.' Below, a blue rectangle indicates 'SWOT Analysis.' These three stages branch out to three separate paths. The first path continues from 'Business Questionnaire' to another orange rectangle stating 'Jobs and Earnings. Save the Company,' which connects to a green rectangle labeled 'Contracts or New Revenue Sources.' The second path advances from 'Business Assessment' to a green rectangle for 'Develop the Operating Plan,' leading to a blue rectangle marked 'Use of Loans and Capital. Leverage the Balance Sheet.' The third path progresses from 'SWOT Analysis' to a purple rectangle stating 'Business and Financial Objectives,' which in turn leads to a purple rectangle titled 'Execute the Plan and Measure Performance.' Each step is connected by lines indicating the flow of the process.

Conclusion | Guide to Assessing Economic Impacts for a Project

When a project, program, event, or policy is going to have an economic impact on a group, industry, or region, it’s important to do an economic impact analysis to determine the scope of that impact in several areas, including job growth, direct revenue, contracts, profits, expansion, growth through business acquisitions and more.

Partial credits are from OCM Solution and partial credits are from PRGS.