It’s important to keep an eye on economic diversity, especially in times of economic uncertainty and when supply and demand are shifting. The Shannon-Weaver index is a powerful tool for measuring how evenly or unevenly the employment in any region is distributed among its industries. In today’s blog, we’re exploring how the S-W index works in IMPLAN and what it means for your economic impact studies.
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?
Countless organizations across the United States have used IMPLAN to gain insights into their economic impacts, inform event location decisions, and so much more. One such organization is Alpha Kappa Alpha (AKA) Sorority, Incorporated. AKA Sorority was established in 1908 and has since grown to a membership of over 300,000 women focused on personal and professional development as well as leadership and advocacy for social change.
As renewable energies take center stage in political policies and public consciousness, IMPLAN is here to help you measure each project’s economic impact. Our recent post Resource Roundup: IMPLAN and Solar Energy focused on giving you the information you need to study the economic impact of a solar energy project. Much of that same information can also be applied to wind power projects. In today’s blog, we’re taking a look at the Offshore Wind Tax Credit Program and how IMPLAN can help you understand the economic impact of wind energy projects, whether you’re a developer, a state authority, or an accounting service provider.
As more and more people recognize the importance of protecting our planet, renewable energies like solar energy are taking center stage, transforming our environment as well as our economies.
An enormous variety of factors are at play in any given economy, and there are countless measuring tools and data sets that can help us better understand what is happening in our economic environment. In times of great change, like we’re experiencing now in the wake of the COVID-19 pandemic, it can be helpful to take a step back and look at the big picture. IMPLAN data sets provide very granular geographic and industrial levels of detail, with consistent data estimates spanning from 2001 to the most recent IMPLAN data year. These micro data can be used in concert with macro data from other sources to gain a rich understanding of local and regional economies, as well as the national economy. In today’s blog, we’re looking at some measurements that can be used alongside IMPLAN data to gain a better sense of the big picture.
IMPLAN’s academic roots created a continuing commitment to enhancing and promoting economic research. That’s why IMPLAN’s Data Library is available in a convenient package for anyone interested in rapidly making comparisons or examining historical trends by region and industry, tax collections by specific taxing authority, inter-county trade of goods and services, and more for all states and counties in the United States.
2020 was an unusual year for sure — the pandemic, the great resignation, working remote, and more. IMPLAN's 2020 data holds a tremendous amount of valuable economic intelligence.