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Organization Name
Enter organization name
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Economic Impact
Enter report name
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For the period from January 1, 2026 to December 31, 2026
Enter date range of fiscal year
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Direct Economic Impact
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Operations$350,000
Enter the total of all direct organization expenses for the period, including wages, benefits, occupancy, consumables, etc. Note: Exclude deprecation since it was not a cash expense.
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Administration$100,000
Some organizations have multiple entities/categories, such as a holding company for real estate, or they prefer to list by programming, administration, and fundraising.
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Fundraising$50,000
You can add rows to list direct expenses separately or include in the previous line and deleted this line.
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Total$500,000
Total Direct Economic Impact is the total value of goods, services, jobs, etc. that the organization directly generated through its own spending.
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Indirect Economic Impact
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Materials & Supplies$50,000
Use the worksheet to measure how the makerspace stimulates other businesses in the economy when users purchase materials and supplies.
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Other$25,000
Some organizations may have other types of indirect impact to include. You can add rows to list indirect expenses separately or include in the previous line and delete this line.
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Total$75,000
Total Indirect Economic Impact is the activity created in the supply chain as a result of the organizations presence in the community.
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Induced Economic Impact
$150,000
Total Induced Economic Impact is household spending on food, housing, transportation, retail, etc. as a result of the organization. Ask your local chamber of commerce if they have an IMPLAN model to determine percentage. 20% to 40% is common.
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TOTAL ECONOMIC IMPACT
$725,000
Total Economic Impact is the sum of direct, indirect and induced economic impact.
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Note 1: You cannot use the income users of your makerspace make when selling the products they produce. That would be their economic impact.
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Note 2: You cannot use the value of volunteer hours because there is no cash exchanged to impact the economy.
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