2A. Demonstration of Local/Other Community Impacts: Community Case Studies for Economic Plan Elements

Title: 2A. Demonstration of Local/Other Community Impacts: Community Case Studies for Economic Plan Elements
Author: Economic and Financial Consulting Associates, Inc.
Publication Year: 2022
Number of Pages in Article: 103
Journal/Publication: Lake Champlain Basin Program
Publication Type: Technical and Demonstration
Citation:

Demonstration of Local Economic/Other Community Impacts. Community Case Studies for Economic Plan Elements. The City of Vergennes, Vermont. Economic and Financial Consulting Associates, Inc. October 1993.

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Abstract:

The economy of the City of Vergennes was estimated to include approximately a five town area surrounding the City. The City of Vergennes and the Towns of Addison, Ferrisburgh, New Haven, Panton and Waltham comprise the Greater Vergennes Market Area (GVMA). An economic analysis of the value of water based travel, tourism and recreation was prepared using the program IMPLAN.1

The method of calculating the economic value of travel, tourism and recreation in GVMA was specifically chosen so that this community case study could serve as a guide for other communities wishing to determine the economic value of lake related activities. Chapter One presents the step by step process used in the Vergennes Community Case Study. Appendix 1A contains instructions for and recommendations relating to the development of the required data.

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