IMPLAN Blog

It’s that time of year again. Here at IMPLAN, we mark the holiday season with our annual data release. That means 2020 data has arrived in the IMPLAN application!

Topics: Data, Economics, Technology

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.

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

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.

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

It is that time of year again! IMPLAN Data Year 2018 is upon us. Beyond our annual improvements, you will find two significant updates to this year’s iteration of our annual data.

Topics: Data, Economics, Technology, Methodology

Economic data flows and collects from sources both varied and unique. But which sources are significant and why? And how complex does this world of big data get when it comes to trying to explore the economic landscape? Cue Ms. Frizzle’s “Seatbelts, everyone!” line and let’s take a tour of economic data sources on the Magic School Bus!

Topics: Data, Economics, Technology, Methodology

Ever since the likes of IBM’s Watson, Google Trends, and Bloomberg Terminal emerged, data-driven decision making shifted from fad to fixture in the business world. But the fundamental shift that big data made in the world of research didn’t change which questions to ask, but rather how we ask those questions. Or, as Douglas Adams might say, you need to really know what you’re asking before you switch on Deep Thought.

Topics: Data, Economics, Technology, Methodology

No two sectors (or businesses) are alike. One fundamental differentiator is that some sectors make goods and some sectors distribute goods as a service. This simple but substantial distinction can significantly affect the quality or range of your results while modeling economic impacts.

Topics: Data, Economics, Technology, Methodology

Barely more than a year ago, e-scooters suddenly flooded city streets across the country. But their presence wasn’t always met with enthusiasm. Antagonistic cities and towns cited public health concerns, street congestion, and even harassment as cause for banning the popular short-trip transportation option altogether.

Topics: Data, Economics, Technology, Methodology

When scooters swooped into Richmond, Virginia overnight last August, battle lines emerged just as fast. Like other cities where the electric, dockless flock cropped up with little to no warning, some decried while others praised the newcomers. Several groups of residents urged government leaders to roll out the welcome mat instead of red tape, but politicians voiced concerns about safety as they issued directives to squash the permit-less scooters.  

Topics: Data, Economics, Technology, Methodology

The aim of this study is to examine the economic impacts of increasing exports of Vibranium from the African nation of Wakanda. With the recent exposure of Wakandan technology and abundant vibranium resources on the global stage, many have begun to ponder what impact such an increase would have on the already wealthy country.

Topics: Data, Technology