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IMPLAN Blog

What IMPLAN Data Assets Are Available?

Posted by Bjorn Markeson on March 27, 2020

IMPLAN’s academic roots created a continuing commitment to enhance and promote research into regional economies. To that end, we are making IMPLAN Data Assets available in a convenient package for departmental, classroom, and library use. 

For nearly 20 years these Data Assets have powered our I-O/SAM modeling software, and by making IMPLAN data more accessible, our goal is to promote new research and applications of data to inform decision making for regional economies.  

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Topics: Data, Economics, Environmental, Methodology, Impact

Analyzing the Economic Impacts of the Coronavirus

Posted by Candi Clouse & Jenny Thorvaldson on March 19, 2020

COVID-19 has the world turned upside down. IMPLAN is no different as we have moved to working remotely instead of heading into the office. As the leader in economic impact modeling data and software, we are being continually asked how to model the economic impacts of COVID-19. Unfortunately, the answer isn’t easy, and with things changing so quickly, it won’t fully be known until the pandemic is under control. No model can predict all of the wide-ranging, short- and long-term impacts of such a far-reaching phenomenon as the COVID-19 pandemic, but here are some ways you can examine what is happening in the U.S. and your community.

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Topics: Data, Economics, Contribution Analysis, Natural Disasters, Methodology, Tourism, Impact, Coronavirus, Disruption

A $22 Billion Loss: The Potential Impact of Coronavirus on Foreign Travel to the US

Posted by Joe Demski on March 17, 2020

News coverage around COVID-19 is unavoidable. The worldwide pandemic has upset lives globally and dominated everyone’s attention for weeks. With the situation seemingly changing every hour, experts across industries have come forward with predictions about all aspects of life including from healthcare, personal finance, the economy, and more. Due to the interconnectedness of our economy, a disruption to any industry has ripple effects throughout other industries and geographies. Foreign travel was one of the first industries to be clearly impacted by the emergence of the coronavirus in China, and impact analyses can demonstrate the reach of those affected by this economic turmoil.

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Topics: Data, Economics, Contribution Analysis, Natural Disasters, Tourism, Impact, Coronavirus, Disruption

IMPLAN Has EU Data

Posted by Joe Demski on February 28, 2020

The worldwide economy is constantly evolving and the impacts of economic decisions often cross borders. For decades, researchers, business leaders, and decision-makers have trusted IMPLAN’s data in order to analyze and explore economic activity within the U.S. Those years of data expertise have now gone into crafting IMPLAN’s European Union (EU) data. 

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Topics: Data, Economics, Methodology, Impact, Europe

Rising Tides: The Economic Impact of the Miami International Boat Show

Posted by Joe Demski on February 27, 2020

Miami is expecting an economic impact of $854 million from a major event this February, but the source of that economic boom may surprise you. For the last 79 years, the Miami International Boat Show has welcomed boating enthusiasts from around the world for an annual exhibition of watersport technology, products, and recreation. According to a recent study, the economic impact felt in South Florida nearly doubles the contribution expected from the Super Bowl 54.

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Topics: Data, Economics, Contribution Analysis, Methodology, Tourism, Impact, Economic Development

Quantify Your Economic Impact in Any Congressional District

Posted by Joe Demski on January 27, 2020

When conducting any economic impact study, defining where an impact is felt is critical. Whether analyzing the nationwide impact of an industry or the contribution that business makes in a specific zip code, IMPLAN’s economic data and modeling provide the insight you are seeking. Data is available for all geographic regions across the U.S. including all 435 congressional districts. This means that economic impact analyses can be run in any congressional district nationwide. Advocacy groups and leaders are utilizing this data to bolster their advocacy efforts, communicate their value to elected officials, and influence legislation.

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Topics: Data, Economics, Contribution Analysis, Association, Impact, Advocacy, Government, Congressional Districts

What Can I Do with IMPLAN?

Posted by Joe Demski on December 13, 2019

Decision makers and business leaders are constantly looking for new ways to make their organizations smarter. Economic insight is key to achieving financial goals. IMPLAN has the technology you need in order to unlock economic opportunity.

So, what is IMPLAN? IMPLAN is a platform that combines a set of extensive databases, economic factors, multipliers, and demographic statistics with a highly refined, customizable modeling system. Together, our application and robust data allows you to:

  • Gain insight into an industry's contributions to a region 
  • Quantify the impact of a shock to an economy
  • Examine the effects of an existing or emerging business 
  • Model the economic impacts of changes to business operations
  • Study events specific to the economy of a region’s economy, and more.

IMPLAN data is aggregated from multiple sources and is compiled into a  546-sector scheme and framework. The data sources include the Bureau of Labor Statistics, U.S. Census Bureau, Bureau of Economic Analysis, and more. Non-disclosures exist within these data sources, so our team fills in the gaps left by non-disclosures. Beyond reconciling data sources and filling in for non-disclosures, we add additional value by estimating finer geographic scales—calculating more granular data based on what is existing—and providing inter-county trade flow data. 

The data and platform have the ability to perform a number of detailed analyses and provide solutions to an ever-increasing amount of questions. How can IMPLAN provide economic insight for you? Start with a question that you want answered.

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Topics: Data, Economics, Technology, Contribution Analysis, Methodology, Association, Tourism, Impact, Economic Development, Corporation

What is Net Analysis?

Posted by Joe Demski on November 12, 2019

All industries love touting their growth and positive effect on their regions. New product offerings, business relocation decisions, or increases in employment make for tremendous headlines, but general input-output models do not account for any economic trade-offs or negative effects. So how can you ensure that the figures presented are sound? Enter net analysis. Net analysis provides a holistic look at the effects resulting from a change in production or spending in the economy, both the positive and negative.

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Topics: Data, Economics, Methodology, Impact

Amazon HQ2: Gauging Its Impact

Posted by Joe Demski on October 4, 2019

Much has been written regarding Amazon’s HQ2 decision and what factors ultimately led to the choice of Arlington, VA. In September 2017, Amazon requested proposals for their new headquarters in North America. Ultimately 238 cities across the U.S., Mexico, and Canada submitted bids. Amazon’s RFP stated that 8 million square feet would be required for the campus and approximately $5 billion would be invested in capital expenditures. Additionally, on-site mass transit, a skilled employee base and strong university system (to fill an estimated 50,000 jobs), and easy access to an international airport were ideal site features. However, tax incentives were the ultimate prize for the tech giant. 

In order to maximize their potential offers, localities needed to understand their threshold to offer incentives. Economic impact analyses were a critical tool used by bidders for calculating the potential economic benefit that Amazon could bring to their locale, and, in turn, how significant any incentives offered could be. The analyses were a crucial step taken prior to the proposals, however they also informed actions taken after site selection.

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Topics: Economics, Employment, Methodology, Impact, Economic Development, Corporation

New CEW Data Available Now

Posted by Joe Demski on August 8, 2019

It’s that time again! Our data team here at IMPLAN works tirelessly to ensure that IMPLAN can offer the most comprehensive wage and salary dataset possible. Thanks to their efforts, the 2018 Census of Employment and Wages (CEW) dataset is complete and now available. Because of the level of detail and historic data available, the CEW data is perfect for establishing trends and running statistical analyses.

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Topics: Data, Economics, Employment, Methodology, Impact

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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