Socio-Economic Impact Analysis
Collect the regional data about the town youth’s academic assessments and out-of-school activities at the pre-project state.
- Compare data against the same academic assessments for the youth's of municipalities that have shopping and recreational centers that are easily accessible to the younger sectors. Comparisons should be made between municipalities with similar demographics or those similarly lacking in after-school programs.
- Note marked differences in grade point averages (GPAs) for math, science, social studies, writing and reading.
- Compare statistics about college admission rates' increase or decline via the National Center for Education Statistic’s Data Tools (see link below).
- To establish a quantitative analysis of crime rate increases, the Federal Bureau of Investigation compiles volume and rates of crime offenses for the nation and the states, for individual agencies that may have need of such information. Obtain the local crime rate statistics at the pre-project state. Compare your data with similar-sized communities that basically have the same costs of living, industries, commercial areas and poverty level. You can get the latter information by using data provided by the US Bureau of Census.
Data Presentation of Socio-Economic Examples of Impact Analysis
Our analysis of the youths residing in communities where shopping or recreational centers exist show less favorable educational performance than those that do not have such facilities readily accessible to the younger generation.
One of the recommended solutions in order to alleviate parents' anxieties is to implement rigid policies about student truancy -- wherein no student will be allowed to enter the shopping center during school hours. In addition, since most of the consumer items to be traded are computer and electronic gadgets, the shopping center's management should coordinate with suppliers to hold basic and latest computer technology seminars as after-school activities for the youth sector.
An impact analysis for crime rates will, of course, affirm the community's concerns because these conditions are true in almost all settings. The important thing, however, is that the proposed shopping mall is expected to generate additional funds for the local government, which would allow the increase in budgetary allotments for more law enforcers in the community.
The different examples of impact analysis show that our case study project could be deemed as worthwhile, for both the stakeholders and the local community. The results further illustrate that additional inputs gathered are to be taken into consideration during project planning. Other applicable plans of actions, on the other hand, can only be implemented at post-project stage.
Image Credit: Screenshot of Impact Analysis for Youth Development was created by the author.