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IMPLAN Blog

A Behind the Scenes Look at the Economic Impacts of Filmmaking

Posted by Taylor Johnson on December 14, 2018

Candi Clouse works for the Center of Economic Development at Cleveland State University. She is one of four people on a team known in northeast Ohio as one of the big players for economic impact analysis. To put it simply, having Cleveland State on the report lends authority to the results.

Ohio, a gem of the midwest, is filled with resilient sports fanatics, people calling soft drinks “pop,” and, more specifically, a film industry that continues to generate positive economic impacts in the Buckeye State. Greater Cleveland is home to "The Avengers"  filming location, which was the industry’s third-highest grossing film of all time with $1.5 billion in box office sales worldwide and a budget of $220 million. Candi Clouse sat down with us to discuss her favorite economic impact analysis study to date.

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Topics: Economics, "Taxes"

New IMPLAN Data Year Now Available (Plus Release Notes)!

Posted by Jenny Thorvaldson on December 6, 2018

Data season has finally come to a close which means that the latest IMPLAN Data Year is now available! Here's what's new in this data release:

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Topics: Data, Press Release, Economics, announcement

Economic Impact Modeling Just Got a Whole Lot Smarter

Posted by Tim French on November 19, 2018

The concept of input-output analysis was theorized nearly a lifetime ago. But input-output modeling as we know it today has advanced in fits and spurts through an infancy that has lasted nearly 40 years. The latest advancement in technology and methodology is going to propel economic impact modeling into the future.

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Topics: Data, Spotlights, Economics, Technology, Methodology, announcement

Amazon HQ2: When the Losers are Winners

Posted by Tim French on November 12, 2018

After more than a year since Amazon’s deadline for RFP submissions, over 200 subsequent submissions, and a culling of 20 possible locations earlier this spring, we’ve finally (almost) got our answer—an HQ2 with one foot in Crystal City, Virginia and another in Queens, New York. And mere hours after the news broke, markets are already reacting in some rather severe (and not altogether unexpected) ways.

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Topics: Economics, Methodology

My Roommate, the City of Raleigh, Was Rejected by Amazon. So, I Wrote Him This Letter to Make Him Feel Better.

Posted by Phil Cheney on November 7, 2018

Dear Raleigh,

Listen, man. I know it hurts.

To come so close...just to be rejected in the end. To cruise into the Top 20...but not get a rose. To swipe right and match...just to be ghosted before the first date.

That’s a two-footed, corporate heart stomp if I’ve ever seen one.

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Topics: Economics

A Brief History of Input-Output

Posted by Vanessa Remmers on November 1, 2018

Late in the summer of 1949, Wassily Leontief fed the 25-ton computer the last of the stiff paper punched with precisely-placed holes. The machine at Harvard University now had hundreds of thousands of data points about the United States economy.

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Topics: Data, Spotlights, Economics, Methodology

Which Southeast States Win When GE Expands?

Posted by Tim French on October 24, 2018

Demand for jet engines is taking off. Domestic airlines have relied on up-fitting or remodeling equipment originally constructed in the 1970s or later. This generation of equipment is slowly approaching its expiry. And internationally, travel tastes have changed. Airlines are one-upping each other to offer the most top-of-the-line luxury flights which are incorporating features including personal compartments with beds, full-service bars, and incredible food options.

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Topics: Data, Economics, Methodology

What Happens When the Minimum Wage Changes?

Posted by Tim French on October 11, 2018

Amazon recently announced that it would be raising the minimum wage paid to workers to $15 per hour (minimum wage standards sometimes vary by state and city; the current federal minimum pay is $7.25). According to the company’s blog, the wage increase will go into effect on 1 November, will be extended to associates employed by temp agencies, and is anticipated to affect the paychecks of more than 250,000 Amazon employees, as well as more than 100,000 seasonal holiday employees. Workers at Amazon subsidiaries (including Whole Foods) will also benefit from the parent company’s new initiative to “lead on pay.”

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Topics: Data, Economics, Methodology

5 Common Economic Impact Analysis Users and How They Use It to Make an Impact

Posted by Sarah K. M. Gross on October 2, 2018

Back in August we published a blog post to address one of the most common questions asked of us, “What Is IMPLAN?” One of the reasons this question remains a complicated one to answer is that economic impact analysis benefits such a diverse set of users (from academia, to federal government, to real estate and everything in between). To elaborate beyond what IMPLAN is and illustrate what it does, let’s take a look at some of our common user types and a high-level example of how each of them applies the power of economic impact analysis in their spheres of study or in their industry.

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Topics: Economics, Feasibility Study, Methodology

Drill Down into Employment Impacts using Our New Occupational Data Matrices

Posted by Nasera Kaouss on September 13, 2018

Being equipped with the proper data as well as the right analysis tools can help you make better and more informed business decisions. IMPLAN provides excellent data that can supplement your analyses. Our latest release of the Occupational Data Matrices joins the ranks of those supplemental data sets. This data set provides information on employment and compensation, which might just make determining wages and allocating scarce resources a less arduous task.

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Topics: Data, Economics

Why IMPLAN?

Put simply, IMPLAN is built for everyone.

With IMPLAN there are no black boxes. All of the background data used to create your personalized input-output models can be viewed and customized to reflect your Study Area. So now, what used to take economists weeks can be done in minutes. By anyone!

Reasons why IMPLAN is the best choice:

  • Easy to learn
  • Easy to use
  • Outstanding customer support
  • Instills confidence in your analyses

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