This year, fans of the Philadelphia Eagles, the Kansas City Chiefs, and the NFL at large will pour into New Orleans, Louisiana for Super Bowl LIX at Caesars Superdome. While in New Orleans, they will stay in hotels, feast on beer and wings at local bars and restaurants, and shop for souvenirs to take home to their families. Some will pass time on the Bourbon Street before the game while others will visit grocery stores to stock up on tailgating essentials.
The 2025 Super Bowl and Beyond: Four Important Considerations for Analyzing the Economic Impacts of Major Events
Topics: Events, Economic Development
Navigating Economic Uncertainty: The Role of IMPLAN in Assessing Financial Disruptions
Periods of financial uncertainty—whether due to budget negotiations, policy shifts, or economic downturns—can have widespread implications across industries, public services, and local economies. When government funding is delayed or reduced, the ripple effects can be felt far beyond the initial disruption, impacting employment, wages, and economic growth.
The Economic Ramifications of California’s Wildfires: Troubling News for Food Supply
The recent California wildfires have wreaked havoc across greater Los Angeles, threatening lives, homes, and businesses. But the ramifications of these wildfires extend far beyond visible destruction. In this follow-up to our earlier exploration of wildfires’ economic impacts, we dive into the findings of an Impact Analysis conducted on crop production in the affected areas. The results shed light on the profound consequences for California’s economy and the nation’s food supply.
Unlocking the Economic Potential of Emerging Industries
IMPLAN is built on many years of economic data – but how can it help when you’re curious about the economic impacts of an industry without a documented history to examine?
Emerging industries, such as legalized cannabis, are reshaping local economies and generating ripple effects that influence job creation, tax revenues, and broader economic landscapes. For policymakers, business leaders, and researchers, understanding these impacts is essential for making informed decisions. IMPLAN, a robust economic impact analysis tool, is particularly suited for analyzing emerging industries due to its flexibility, data granularity, and customization capabilities.
Let’s take a look at how IMPLAN can be employed to measure the economic impacts of new industries.
Data season is here! At IMPLAN, we mark the holiday season with our annual data release. That means 2023 data has arrived in IMPLAN Cloud.
Each year, IMPLAN’s economists work diligently to compile the latest data from a wide range of sources, fill in gaps in the raw data, balance the data across all geographic levels, and more, empowering users to make their analyses more accurate and timely.
Understanding IMPLAN: Direct, Indirect, and Induced Effects
“How can $1 of spending support more than $1 in the local economy?”
We get questions like this about economic impact analyses all the time. The answer is very straightforward. The results of an input-output (I-O) analysis are broken down into direct, indirect, and induced effects. The combination of these overarching economic effects often total greater than the initial economic input. Each level of effects captures a different portion of the complete economic portrait. In order to understand the totality of an impact, you must conceptualize how each value is defined and what they represent.
Topics: Data, Economics, Technology, Methodology, Impact
Closing Campus Doors: A Growing Threat to Local Economies
The educational landscape in the United States is changing rapidly, and for many small colleges and universities, the outlook is bleak. While large institutions may thrive, smaller liberal arts colleges have been facing mounting challenges that are pushing many toward closure. Over the last few decades, these colleges have played a pivotal role in fostering economic growth and stability in the small towns and cities where they are located. However, shifting demographics, rising operational costs, and other factors have combined to create a climate in which many schools are struggling to survive. What happens to the local economy when these institutions shut their doors?
The Tax-Exempt Tip Plan: A Mixed Bag for the U.S. Economy
As the 2024 election looms, one of the most debated policy proposals is the "No Tax on Tips" plan championed by former President Donald Trump and Vice President Kamala Harris. This initiative, which aims to eliminate federal income tax on tip income, is designed to bolster the take-home pay of millions of American workers in the service industry. While the plan promises immediate benefits for tipped workers, its broader economic implications raise questions about long-term impacts on the U.S. economy.
Announcing New Quick Start Guides: University Impacts & Simplified Tourism Impacts
We’re thrilled to announce the latest additions to IMPLAN’s Quick Start Guides: the University Impacts Guide and the Simplified Tourism Impacts Guide. Like our other Quick Start Guides, these new guides are designed to make economic analysis accessible to everyone, regardless of their background in economics. By following a series of on-screen prompts, users can easily analyze the impacts of various economic events and projects.
The Economic Ripple Effect of Wildfires: An IMPLAN Analysis
Wildfires are devastating for communities, ecosystems, and the economy. They lead to significant property losses, industry disruptions, and income reductions. However, the aftermath of these natural disasters also triggers substantial economic activity, particularly through rebuilding efforts and support systems. This dual nature of impact—both negative and positive—on the economy has been highlighted in a recent analysis using IMPLAN data.
Topics: Data, Economics, Natural Disasters