Economic Impact Assessment Services

The Vendor is required to provide research firms, academic institutions, or consulting organizations to conduct a comprehensive economic impact report.
- Return on investment analysis
•    Direct economic outputs: wages paid to corps members and staff, procurement spending, facility operations, and capital expenditures. 
•    Indirect economic effects: economic activity generated through corps supply chain spending and vendor relationships within state. 
•    Induced economic effects: consumer spending by corps members and resultant economic ripple effects of participation in the program on outcomes
•    Fiscal impacts: tax revenues generated (income, sales, property) and public cost avoidance (e.g., reduced incarceration, reduced public assistance utilization, disaster response cost savings). 
•    Valuation of project outputs: estimated economic value of completed conservation, infrastructure, and disaster response projects, including ecosystem services where applicable.
•    A clearly stated ROI ratio expressed as dollars returned per dollar invested
- Corps member earnings differential
•    A rigorous methodology for establishing a valid comparison group, controlling for demographic factors such as age, education level, geographic region, socioeconomic background, and prior employment history. 
•    Analysis of post-service employment rates, wage trajectories, and career advancement over defined time horizons (e.g., 1-year, 5-year, 10-year, and lifetime projections). 
•    Evaluation of educational attainment gains attributable to corps participation, including certifications, vocational training, and college enrollment and completion. 
•    Assessment of non-wage economic benefits such as access to employer-provided health insurance, retirement benefits, and reduced reliance on public assistance programs. 
•    Disaggregation of findings by relevant subgroups where data permits (e.g., by center, region, program track, or demographic category). 
•    Identification of data sources, including corps alumni records, employment databases, surveys, and any necessary data-sharing agreements.