Industry Studies
The Gardner Institute conducts economic impact studies to understand the effect of a firm, group of firms, or an entire industry on Utah’s economy. We estimate direct economic effects using employment, wages, and other data. We model indirect, induced, and dynamic economic impacts using statistical analysis and simulation software. The Gardner Institute also performs fiscal impact analyses to help policymakers and others understand the effect of a firm or an entire industry on state and local government finances.
Economic Impact of Utah’s Family Choice Behavioral Healthcare Interventions Industry
Utah is home to 72 Family Choice and Behavioral Healthcare Interventions Industry programs. These programs provide varying levels of residential treatment for teens and young adults and are primarily funded by families “out-of-pocket,” i.e. the industry is not health insurance-driven. The industry generates an economic impact in Utah by bringing in revenue from out-of-state clients, over 90 percent of industry revenue comes from outside of Utah, and through the travel expenditures of clients’ families.