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IMPLAN Blog

The Super Bowl and Beyond: Four Important Considerations for Analyzing the Economic Impacts of Major Events

Posted by Chandler West on January 30, 2024

This year, fans of the San Francisco 49ers, the Kansas City Chiefs, and the NFL at large will pour into Las Vegas, Nevada for Super Bowl LVIII at Allegiant Stadium. While in Las Vegas, 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 Las Vegas Strip before the game while others will visit grocery stores to stock up on tailgating essentials. 

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Topics: Events, Economic Development

The Super Bowl and Beyond: Four Important Considerations for Analyzing the Economic Impacts of Major Events

Posted by Chandler West on February 11, 2023

This weekend, fans of the Philadelphia Eagles, the Kansas City Chiefs, and the NFL at large will pour into Glendale, Arizona for Super Bowl LVII at State Farm Stadium. While in Glendale, 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 in the Westgate Entertainment District before the game while others will visit grocery stores to stock up on tailgating essentials. 

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Topics: Events, Economic Development

Celebrating IMPLAN History: The Rural Development Act of 1972

Posted by Chandler West on September 30, 2022

2022 marks the 50th anniversary of the Rural Development Act of 1972 (RDA). The RDA was  pivotal to getting the ball rolling for IMPLAN to be created in 1976.

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Topics: Impact, Economic Development, Government

IMPLAN and Renewable Energy: Understanding Offshore Wind Tax Credits

Posted by Chandler West on May 24, 2022

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.

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Topics: Economics, Funding, Environmental, Energy, "Taxes", Impact, Economic Development

Resource Roundup: IMPLAN and Solar Energy

Posted by Chandler West on May 9, 2022

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.

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Topics: Economics, Environmental, Energy, Economic Development

The Big Picture: Understanding the State of the Economy Using IMPLAN Data and Other Sources

Posted by Jenny Thorvaldson on April 7, 2022

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.

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Topics: Data, Economic Development

Ask an Economist: FAQs for New Business Location Economic Impacts

Posted by Joe Demski on February 22, 2021

Our webinar, The Economic Impact of a New Business Location, walked through the process for modeling the economic impact of a new business location. In the presentation, considerations for the construction and operations impacts were covered and examined in the context of the Lowe’s Design Center Tower project. If you missed the live presentation, you can watch the recording here. The discussion generated a number of questions highlighting important points about running these analyses. Check out what our economists had to say below:
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Topics: Data, Economics, Employment, Methodology, "Taxes", Impact, Economic Development, Corporation, Government

Modeling the Impact of the Coronavirus with Evolving Economy Data

Posted by Joe Demski on September 28, 2020

The coronavirus epidemic has reset the way we understand and examine the economy. With major changes to employment levels and household spending, plus stimulus checks, increased unemployment benefits, and PPP loans, it is crucial that economic data is updated during this time. With that in mind, IMPLAN is proud to announce the release of ground-breaking data and economic impact models for the COVID-19 era: Evolving Economy - COVID Q2-2020.

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Topics: Data, Economics, Technology, Methodology, Impact, Economic Development, Coronavirus, Disruption

What Can You Do with Occupation Data in IMPLAN?

Posted by Joe Demski on August 31, 2020

The most granular employment insight IMPLAN has ever assembled and organized by occupation and core competency is now available for purchase inside the IMPLAN application. Our occupation data shows estimates of employment, wages, hours, and core competencies for 823 different occupations. What you find in the data and how can it be leveraged in your own studies can be a game-changer.

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Topics: Data, Economics, New Market Tax Credit, Methodology, Impact, Economic Development

Small Business, Big Economic Impact: Food Trucks and the Coronavirus

Posted by Joe Demski on July 30, 2020

Across the country, the service industry has felt the consequences of the coronavirus more severely than most. Through the beginning of May, more than 8 million restaurant jobs were lost. While cities and regions of all sizes have felt the strain, social distancing and business restrictions have affected small businesses in towns reliant on tourism spending particularly harshly. One of these towns is Asheville, North Carolina. Asheville, a city located in the Blue Ridge Mountains of western North Carolina, is known for its beautiful mountain views, tourist attractions, and incredibly robust brewery scene. 

According to IMPLAN data, the food service industry supports over 18,000 jobs, making it the largest employment sector in the Asheville MSA. When COVID-19 hit and businesses began closing up shop for indeterminate periods of time, it left many uncertain of how they could continue operating. Gathering restrictions and event cancellations posed a unique threat to the more than 100 food trucks that operate in and around Asheville.

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Topics: Data, Economics, Contribution Analysis, Tourism, Impact, Economic Development, Coronavirus, Disruption

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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