Economic Impact
& Social Value Assessment
Sound Diplomacy is a world leader in the analysis of economic and social impact for music and creative ecosystems. Throughout our extensive experience, we have refined a methodology that is specific to the cultural economy to quantify the value that music and the creative economies have in a place, forecast the impact of future developments, and monetise the social impact of a cultural initiative, for instance.
Our multidimensional assessment allows us to create compelling narratives that demonstrate the intrinsic worth of the creative sector, transcending conventional economic analysis and providing information on aspects such as direct, indirect and induced impact, employment, sociodemographic realities, or value chain profiling. As part of our work, we provide benchmarks with other industries, similar places or developments, and other initiatives.