A do-it-yourself workbook, this guide is designed to help small, rural communities estimate the impact of new industry on the local economy. Included in this workbook are: (1) an introductory section presenting impact analysis rationale, workbook directions, an exemplary analysis, and explanations re: computer analysis; (2) a list of the 45 variables to be examined from the following information sources: Chamber of Commerce; City or County Assessor; City Treasurer; Public Utilities Departments; Superintendent of Schools; Realtors; and Data from Workbook Tables; (3) data input summary sheets; (4) tables for computation of net gains (private sector impacts, municipal government impacts, and school district impacts); (5) impact on individual taxes (change in municipal property tax mill rate, change in school district mill rate, and change in taxes on average properties); (6) estimated economic impacts on new industry (benefits, costs, and net gain to the private sector, the city government, and the school district and impacts on property taxes); (7) appendices (propensity to consume locally: survey form; propensity to consume locally: research results; amortization table; state aid to education; county income multipliers; and population of communities over 1,000). (JC)