This document discusses a research program on the economic and social value of local sport events. It includes the following key points: 1. It describes a joint research program between Hanze University and a national community of practice called WESP that aims to standardize methods for evaluating the ex-ante and ex-post impacts of sport events. 2. Initial research has found economic impacts ranging from €1.3 million for smaller local events to over €20 million for larger international events hosted in the Netherlands. 3. The research agenda going forward includes feasibility studies, process evaluations, and impact studies of events, as well as a PhD project focusing on the long-term social legacies of local sport events.