PROGRAM ANALYSIS: MEASURING ECONOMIC IMPACTS
The Brooklyn Chamber of Commerce (BCC) fosters economic development in Brooklyn by supporting local businesses and entrepreneurs. BCC enlisted a Capstone team to develop statements to quantify the economic impacts of its loan assistance, job placement, and business development programs and services. The team reviewed different economic impact models, analyzed relevant economic impact multipliers, and conducted interviews with BCC's program delivery specialists and external experts to build a robust, dynamic model to measure the economic impact of BCC's work. The team developed program-specific economic impact statements using their findings and building on BCC's established metrics.