(1) Vendor needs to provide consulting services for economic impact study to the government authority located in State University, AR.- The economic impact analysis shall include the following facets to examine the direct and indirect multiplier effects that occurs when university colleges and their employees and students spend money in the region, as well as the economic benefits generated by alumni who are living and working within the local economy.1. Operations impacts:- The added net income generated in the region as a result of colleges' payroll and purchases for supplies and services.2. Construction spending impact:- The impact of expenditures for new building and other large ongoing capital projects.3. Student spending impacts:- The impact of new sales generated by out-of-region and retained students who spend money on food, transportation and other personal expenses while attending the institutions.4. Visitor spending impact:- The impact of new sales generated by non-local visitors who spend money while attending events hosted by your university.5. Alumni impacts:- The impact of the alumni's higher earnings and the increased productivity of state and local businesses from human capital accumulation in the regional workforce.(2) All question must be submitted no later than August 10, 2023.
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