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IMPLAN Blog

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

Never Tell Me the Odds

Posted by Adam Shoaf on April 11, 2018

Understanding the importance of Economic Impact Analysis for Project Feasibility

We all know what happens when plans go awry. Money is lost, people lose their jobs, and buildings are abandoned mid-construction. One of the most common examples of poor planning is the Death Star. That’s right, the Death Star. From the famous Star Wars original trilogy, the Death Star conveys the idea of economic poor planning in matters of cost and execution. According to the Washington Post in January 2013, a petition reached the White House to build the Death Star. The White House of course denied the petition as it would be morally irresponsible to build a giant super weapon that could destroy worlds, and that its cost would be astronomically high (about 850 quadrillion dollars—that’s 850 with 15 zeros behind it).

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Topics: Data, Feasibility Study

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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