1、THE SOCIOECONOMIC IMPACTS OF EMPLOYER INVESTMENTS ON LOCAL COMMUNITIES OCTOBER 2024 THE SOCIOECONOMIC IMPACTS OF EMPLOYER INVESTMENTS ON LOCAL COMMUNITIES Anek Soowannaphoom/S3The socioeconomic impacts of employer investments on local communitiesTABLE OF CONTENTSForeword 4Executive summary 61.Introd

2、uction 81.1 Background context 81.2 Motivation for and objectives of this study 82.How we assess the impact of large investments 102.1 A quick guide to our approach in three simplesteps 102.2 What impacts did wetest?102.3 How long did we track them for?112.4 Characteristics of large investments that

3、 we have modeled 123.Key findings and insights 163.1 Large investments spur significant growth in business formation 173.2 Evidence of a sustained decrease in the unemployment rate 183.3 Projects help to raise prosperity by boosting average earnings 193.4 Balance of evidence suggests an increase in

4、labor force participation 203.5 Clear substitution effects apparent within the healthcare insurance market 243.6 A reduction in the rate of violent crime 263.7 What does this all mean for Small-and medium-sized businesses?274.Final thoughts 28Appendix 1:summary of literature review findings 30Append

5、ix 2:empirical strategy 32Appendix 3:data assembly,formatting and cleaning 34Appendix 4:modeling results and sensitivity analysis 424The socioeconomic impacts of employer investments on local communitiesTHE SCOPE OF THIS RESEARCH This project investigates the socioeconomic impact of when a large emp

6、loyer invests in a local community by relocating or opening a new establishment.Socioeconomic impacts studied range from changes to wages and healthcare coverage to crime rates.Due to the datasets used and empirical approach chosen in this research,there was not an opportunity to explore the positiv