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IMPLAN Blog

Tim French

Recent Posts

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

North Carolina’s History of Hurricanes

Posted by Tim French on September 12, 2018

IMPLAN’s HQ is nestled in the bucolic margins of Lake Norman and a mere stone’s throw from Charlotte’s city center—751 feet above sea level. We’ve all been hitting the refresh buttons on our screens to catch every change to the weather models as hurricane Florence slowly creeps toward our coast from seas which seem to have made it a banner week for tropical storms.

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Topics: Data, Economics

How to Get the Media’s Attention for Your Economic Impact Study

Posted by Tim French on September 7, 2018

Economic impact analysis is, at the end of the day, only a fraction of the work necessary for understanding and communicating the significance of an economic event (whether business- or policy-related) to the people who might be most affected by those economic changes. The remaining work related to getting the word out happens in press conferences, on phone calls, and online. Here’s our best advice on how to recruit the media’s help in getting all that work done—excerpted from one of our recent white papers, Creating a Compelling Economic Impact Report.

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Topics: Data, Economics

Striking a Balance Between Fidelity, Transparency, and Expediency in Economic Data

Posted by Tim French on August 15, 2018

Economists use the name “IMPLAN” to refer to both the company’s software and data. The impact analysis data takes the software and company as its namesake (distinct from IMPLAN’s CEW, Occupational Employment and Compensation Matrices, and other data products) mainly because, though fastidiously true to its sources, the data in form and function is ultimately unique to the economic impact modeling world.

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Topics: Data, Methodology

What is IMPLAN?

Posted by Tim French on August 13, 2018

So, you’re hoping to gain insight and quantify the impact of an industry, a new or existing business, expected growth or changes, or a specific event to the economy of a particular region. Where do you even begin?

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Topics: Data, Economics, Methodology

2017 CEW Data Now Available!

Posted by Tim French on August 9, 2018

IMPLAN’s economists have completed our newest Census of Employment and Wages (CEW) data set which is now available for purchase. A lot of work goes into delivering the best, most detailed CEW data out there. And since we have CEW data for all counties for all years back to 2001, it makes for fantastic statistical and trend analysis for anyone wanting to look deeper into the U.S. wage and salary business sphere.

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Topics: Data, Press Release, Economics, announcement

Making Sense of Tax and Tariff Impact Analysis

Posted by Tim French on August 6, 2018

Taxes and tariffs have resurfaced in the last few months and are at the forefront of the nation’s attention. Rumors of trade wars and threats of economic sanctions fly around the globe faster than Garfield can devour a lasagna. Historically, governments have used taxes and tariffs to stimulate or throttle markets to achieve a desired economic state of balance.

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Topics: Data, Economics, Methodology

Decoding Economic Impact Analyses in the News

Posted by Tim French on June 21, 2018

Newsprint, unlike your average algebra quiz, leaves little room for showing your work. But that doesn’t mean that you have to give partial credit to every large sum that’s inked across page A1. Fortunately, there are a few easy tricks you can rely on to suss whether those impressive economic numbers are fact or fake news.

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Topics: Data, Economics, Methodology

Interpreting Employment Impacts

Posted by Tim French on June 7, 2018

There are nearly as many different types of jobs as there are menu items on Starbucks' ever-changing menu. Naturally, counting them all up into one unified number in the results of an impact analysis grossly under-represents the diversity and dynamism of any given region’s workforce. But it’s possible to look at the unique job taxonomy of a region while still appreciating the big picture. Here are a few key job-related details to consider when interpreting employment impacts:

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Topics: Data, Economics, Methodology

Louisiana: Where Ecology and Economy Meet

Posted by Tim French on May 18, 2018

There’s a saying in the office here at IMPLAN that goes something like “our clients are often way more creative than we are at finding ways to use the software.” That’s never been more true of the Rand corporation in their collaboration with the Louisiana State University in their joint 2-year research project “Economic Evaluation of Coastal Land Loss in Louisiana” which was commissioned by Louisiana’s Coastal Protection and Restoration Authority in December of 2015.

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Topics: Data, Economics

Why IMPLAN?

Put simply, IMPLAN is built for everyone.

Together, our software and data give you a window into your region of study — like one gigantic transaction log for the local economy. Chances are that if your project or business has a financial component, then IMPLAN can reveal some sometimes surprising detail about how your project relates to the local, state, or national economy.

What used to take economists weeks can be done in minutes. By anyone!

But you're not alone, IMPLAN's best benefits go beyond the work done in the tool:

  • Easy to learn and use
  • Outstanding customer support
  • Access to orientations, trainings, and project consultations
  • Instills confidence in your analyses

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