IMPLAN Blog

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.

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:

Regulatory standards, depending on your reading of the latest IRS Tranches and guidance, have either changed or come into clearer focus when it comes to what the CDFI Fund identifies as a "successful" Opportunity Zone (OZ) project. Regardless of your reading of IRS's latest missives, there are a few tactics worth highlighting that will ensure that the economic impact analyses describing the significance of your projects and the potential economic significance of your program (or portfolios) will stand ready for review when the time comes to evaluate their contribution to the economic well-being of your service area.

Candi Clouse works for the Center of Economic Development at Cleveland State University. She is one of four people on a team known in northeast Ohio as one of the big players for economic impact analysis. To put it simply, having Cleveland State on the report lends authority to the results.

Ohio, a gem of the midwest, is filled with resilient sports fanatics, people calling soft drinks “pop,” and, more specifically, a film industry that continues to generate positive economic impacts in the Buckeye State. Greater Cleveland is home to "The Avengers"  filming location, which was the industry’s third-highest grossing film of all time with $1.5 billion in box office sales worldwide and a budget of $220 million. Candi Clouse sat down with us to discuss her favorite economic impact analysis study to date.