Example Scenario: ABCD Organization
ABCD is located in Minnesota and serves 200,000 people in a portion of the state. In 2016, ABCD received $500,000 in grants from HRSA and $200,000 from other sources. Project expenses included hired personnel, contract personnel, as well as equipment and supplies. The project has not purchased any multipliers to use in estimating its local economic impact.
After all inputs are entered for ABCD Organization, the tool provides an analysis for:
- Total program spending
- Total economic impact
- A breakdown of economic impact by category:
- Impact vs. personnel spending
- Impact vs. equipment/supplies spending
- Impact vs. contract spending
- Impact vs. other operational spending
- A ratio of the economic impact based on HRSA program funding
Overall, this particular example shows a low return on total program spending. For every dollar of total funding received, the program created $1.04 in community benefits. These results are due to relatively large out-of-area spending. Only 25% of consultant services and 50% of equipment were purchased inside the grantee's service region.
However, if we consider economic return on HRSA funding alone, the return is much higher. For every dollar HRSA granted, the program created $1.45 in community benefits.
Economic Impact Report
Total economic impact | $ 729,000 |
Ratio of economic impact to total spending | 1.04 |
Ratio of economic impact to HRSA funding | 1.46 |
* Ratios show the dollars returned to a community per dollar invested. |
Project Information
Organization | ABCD Organization | ||||||
---|---|---|---|---|---|---|---|
State | Minnesota | ||||||
Area served | Part of State, using standard multipliers | ||||||
Population served | 200,000 | ||||||
Year | 2016 | ||||||
Grant type | Outreach | ||||||
Funding |
|
||||||
Total spending | $ 700,000 |
Spending Details
Hired personnel | Amount | % Local | Industry code | Description | |
---|---|---|---|---|---|
Administration | $ 50,000 | 100% | 561100 | Office Administrative Services | |
Management consulting and technical assistance | $ 100,000 | 100% | 541610 | Management Consulting | |
Medical Care | $ 250,000 | 100% | 621100 | Physician, Other Provider Offices | |
Subtotal: | $ 400,000 | Impact compared to spending: 1.47 | |||
Computers | $ 100,000 | 50% | 4A0000 | Retail Trade | |
Subtotal: | $ 100,000 | Impact compared to spending: 0.7 | |||
Better Care R US | $ 200,000 | 25% | 541610 | Management Consulting | |
Subtotal: | $ 200,000 | Impact compared to spending: 0.37 |