CHAPTER 5: SOCIOECONOMIC CONTRIBUTION

In a feasibility study, a "firm" typically refers to a company or organization that is responsible for
implementing or operating the proposed project. This could include an existing business looking to
expand into a new market or a new startup seeking to launch a new product or service.

The firm's role in the feasibility study is to provide key information and insights about the project,
including its technical and operational feasibility, financial projections, and market analysis. The firm
may also be involved in assessing the potential risks and challenges associated with the project and
identifying strategies for mitigating these risks.

On the social level, the firm's social impact assessment considers the potential effects of the project on
its employees, customers, suppliers, and other stakeholders. This may include analyzing the potential
impact of the project on job creation, employee satisfaction, customer satisfaction, supplier
relationships, and social responsibility.

On the economic level, the firm's economic impact assessment considers the potential financial benefits
and costs of the proposed project, including revenue generation, cost of production, profitability, and
return on investment.

Yes, that's correct. In a feasibility study, the "social" component typically includes both the community
and individual aspects of the potential impact of the proposed project.

On the community level, the social impact assessment considers the potential effects of the project on
the broader community, including its social, cultural, and economic impact. This may include analyzing
the potential impact of the project on employment opportunities, social services, community cohesion,
and cultural heritage.

On the individual level, the social impact assessment considers the potential impact of the project on
individual stakeholders, such as employees, customers, and local residents. This may include analyzing
the potential impact of the project on health and well-being, access to services, quality of life, and social
and cultural values.
Yes, that's correct. In a feasibility study, the "economic" component typically includes the potential
impact of the proposed project on employment, government, and business.

On the employment level, the economic impact assessment considers the potential impact of the
project on job creation, both in terms of direct and indirect employment opportunities. This may include
analyzing the potential impact of the project on the local workforce, employment rates, and job quality.

On the government level, the economic impact assessment considers the potential impact of the project
on the local economy and public finances. This may include analyzing the potential impact of the project
on tax revenue, government expenditures, and public services.

On the business level, the economic impact assessment considers the potential impact of the project on
the broader business environment, including competition, market saturation, and supply chain
relationships. This may include analyzing the potential impact of the project on existing businesses in the
area, as well as opportunities for partnerships and collaborations.

yes, employment in a feasibility study can have an impact on household taxes. Job creation is often seen
as a significant benefit of a proposed project, as it can provide employment opportunities for local
residents and increase household income.

When more people are employed in a given area, it can also lead to an increase in household spending
and consumer activity, which in turn can generate additional tax revenue for the government. As a
result, job creation can have a positive impact on household taxes, as it can increase the amount of
revenue that the government collects from income, sales, and other types of taxes.

However, it's worth noting that the relationship between employment and household taxes is complex
and can depend on a range of factors, including the type of jobs created, the level of household income,
and the local tax system. Additionally, other economic factors, such as inflation, interest rates, and
economic growth, can also affect household taxes and the overall economic impact of a proposed
project. Therefore, it's important to conduct a comprehensive economic impact assessment as part of
the feasibility study to fully understand the potential impact of the project on employment, household
taxes, and other economic factors.

Yes, the government's economic impact assessment in a feasibility study typically considers the
potential impact of the proposed project on tax revenue. This includes analyzing the various taxes that
the government may collect as a result of the project, such as income taxes, property taxes, sales taxes,
and other types of taxes.
The economic impact assessment may also consider the potential impact of the project on government
expenditures, such as increased spending on public services and infrastructure, as well as the potential
savings that the government may realize as a result of the project.

Overall, the goal of the government's economic impact assessment is to determine whether the
proposed project aligns with the broader economic goals and priorities of the government and whether
it provides a net benefit to the local economy. By analyzing the potential impact of the project on tax
revenue and other economic factors, the government can make an informed decision about whether to
support or oppose the proposed project and can identify any potential areas where the project may
need to be modified or improved to maximize its economic benefits.