Economic Impact

Economic Impact:

What is the impact of the SE on the economy?

Every SE needs to assess its economic impact. What is the impact on the economy that you foresee your enterprise will have? If you are able to quantify, it would be much better and stronger. For example, in its impact report REDF shows impact on wages, and how much above minimum wage people are making.

If you are serving homeless, will there be an impact in reducing costs to the social system.

If you are an environmental cause, are you generating new jobs?

If you are training people for better jobs, are they going to pay more taxes.

Ideally you would state the are of impact, and a target, for example “we intend to reduce the cost of supporting homeless to the social sytem by 50%,” and it is understandable if you don’t have a target. At the very least in this section you need to state the area of economic impact, supported by a convicing argument that shows that you know what you are talking about.