Economic Development « EMSI | Economic Modeling Specialists Inc.

Archive for the ‘Economic Development’ Category

Data Spotlight: Engineers in Manufacturing

We’ve been asked several times about the demand for engineers in the manufacturing sector. In this post, we provide some answers by looking at 31 engineering occupations that staff manufacturing.

Feb. 3, 2012 | Posted by Rob Sentz

Interactive Graphic: Ranking States By Competitiveness

We teamed up with our friends at Tableau Software to produce an interactive graphic that details individual industries that are driving states to be more (or less) competitive.

Jan. 17, 2012 | Posted by Rob Sentz

How To Video: Finding the Value of an Industry

How many jobs and what amount of earnings does any industry in your region support? Watch a video about finding this information in the Input/Output tool in Analyst 3.

Dec. 15, 2011 | Posted by Stevenson

Social Accounting and I/O Theory

The latest version of Analyst (EMSI’s web-based labor market analysis tool) is built on an elaborate Social Accounting Matrix (SAM) platform. A SAM has its roots in input-output (I/O) theory. As a prelude to the release of Analyst 3.0, this blog post goes back to the general history of economic doctrines and takes a brief look at the historic roots of SAM and I/O-like theories.

Dec. 14, 2011 | Posted by Rob Sentz

How To Video: Deleting Jobs in Input/Output

How do you make a case for keeping an employer in your region? Use Input/Output to show the full range of effects on the regional economy. Watch a video demonstrating how to do this in Analyst 3.

Dec. 14, 2011 | Posted by Stevenson

Which States Are Growing More Competitive?

EMSI produced a side-by-side analysis of every state to see which states are becoming more competitive (that is, gaining a larger share of the total job creation), and which are losing their share of the jobs being created.

Dec. 6, 2011 | Posted by Rob Sentz

“Big Data” For Jobs And The Economy

When it comes to jobs and the economy, the “big data” that often comes to mind is the massive amount of information collected on the US labor market. No other country in the world collects and distributes (i.e., makes public) nearly as much labor market data as the United States. Right now we classify and release data on about 1,100 different industries and 800 occupations.

Dec. 5, 2011 | Posted by Rob Sentz

Clusters in the Milwaukee 7 Region

The water cluster in the M-7 region is perhaps the most well-known at this point, but there are others — food, medical technology, innovation, financial services, the creative economy, etc. Each has made strides in the last two to three years.

Nov. 29, 2011 | Posted by Joshua Wright

The Big Success Story: North Dakota’s Staggering Growth

Eager to find bright spots in the dismal US economy, journalists are flocking — paparazzi-style — to the unlikeliest of states. Why? Well, by now we all know North Dakota’s economy performed well through the recession and continues to chug along. Story after story lauds the growth. Perhaps it will all inspire other regions, states, [...]

Oct. 24, 2011 | Posted by Rob Sentz

Analyst 3 Feature Tutorial: Using STEM Groups

Watch a video on accessing the STEM occupation groups we’ve built into the tool, and get a few tips on basic analysis.

Oct. 14, 2011 | Posted by Stevenson

The Connection Between Manufacturing Jobs and Exports

The manufacturing sector has experienced massive reduction of its workforce (-23% from 2002-10). Here is something that might not be as intuitive — manufacturing exports (inflation-adjusted) actually grew by 56% over the same time period.

Oct. 6, 2011 | Posted by Rob Sentz

EMSI Conference Recap

Last week EMSI held its first annual user conference in Coeur d’Alene, Idaho, which is 90 minutes north of the company headquarters in Moscow, Idaho. We had a wonderful time and really enjoyed being able to connect with clients.

Oct. 5, 2011 | Posted by Rob Sentz

Ranking States by Per-Capita Biz Establishment Levels Since Start of Recession

As a follow-up to last week’s post, we examined business establishment data and came up with the per capita concentration for each state (plus Washington, D.C.) since the beginning of 2008, roughly the start of the recession. This is perhaps a better way to look at new business creation over time because it factors in population estimates.

Aug. 29, 2011 | Posted by Joshua Wright

EMSI Takes Part in Workshop To Help Lift Space Coast’s Economy

More than 8,000 highly skilled workers are already or will soon be out of jobs. A heavily populated region is losing what’s been a crucial sector for decades. What to do next?

Aug. 24, 2011 | Posted by Joshua Wright

Data Spotlight: Net New Business Establishments by State

Tom Still, president of the Wisconsin Technology Council, succinctly lays out the importance of startups and entrepreneurs in a recent column: “Small businesses create most jobs in the United States, so it follows that more startup companies translate to more jobs. State strategies that promote entrepreneurism can help.”

Aug. 20, 2011 | Posted by Joshua Wright

Economic Analysis Proves Key to New York Islanders’ Stadium Issue

Case Study: Camoin Associates, a private and public sector economic development firm based in Saratoga Springs, New York, was brought in by Nassau County to analyze the impact of a $350 arena deal that could help keep the New York Islanders from leaving.

Jul. 15, 2011 | Posted by Joshua Wright

EDA’s Jobs & Innovation Accelerator Challenge and EMSI

The EDA’s Jobs and Innovation Accelerator Challenge is an initiative that will support “innovation-fueled job creation” through $33 million in funding. Read how EMSI Consulting can help.

May. 3, 2011 | Posted by Joshua Wright

New York’s Bet on Education & How It Stacks Up Nationally

New York City is making a long-term economic bet on education — specifically the applied sciences. Mayor Michael Bloomberg wants to build an elite applied sciences school in the city to increase its competitiveness in these area. We looked at completers data to see where NYC ranks among the 100 largest metros.

Apr. 29, 2011 | Posted by Joshua Wright

IKEAconomics

In 2008 IKEA was looking for a place to build a new manufacturing facility that would staff 300-plus workers. Danville, Virginia did its best to convince IKEA that it was the right place. IKEA eventually settled in Danville, but now, apparently, the honeymoon is over.

Apr. 13, 2011 | Posted by Rob Sentz

Industry Employment and Income Comparison

When considering what industry sectors to prioritize for workforce and economic development efforts it is important to look beyond basic employment numbers. This is because, while a sector might have a lot of jobs, it might not actually be producing a lot of income for the region, which is also very important for overall economic health and vitality.

Mar. 4, 2011 | Posted by Joshua Wright

Outsourcing Economic Development

Last week The Wall Street Journal chronicled a burgeoning trend in states with conservative governors or legislatures — outsourcing economic development to the private sector.

Feb. 2, 2011 | Posted by Joshua Wright

Minnesota Looks to Analysis of NDSU Tech Park as Case Study

Advocates of a proposed 900,000-square-foot Minnesota Science Park in Minneapolis have been touting the park’s potential to strengthen the regional economy. And to help make their case, they used an EMSI analysis of North Dakota State University’s Research and Technology Park to show the job-creation possibilities.

Jan. 26, 2011 | Posted by Joshua Wright

EMSI’s Research, Data Highlighted In Economic Development Quarterly

In partnership with regional economists at Purdue University — including Christine Nolan, Ed Morrison, and Sam Cordes — EMSI last year work on an Economic Development Administration-funded project to analyze industry and occupation clusters in relation to regional economic development. The work resulted in a paper that was published in the February edition of Economic Development Quarterly.

Jan. 11, 2011 | Posted by Joshua Wright

Using Input-Output to Measure the Impact of Development

As part of a multidisciplinary facility planning process, the Eastern Maine Development Corporation commissioned Camoin Associates, Policy One Research, and Perry & Banks Marketing to assess the economic impact that a new arena and conference center would have on the City of Bangor, ME and Penobscot County.

Nov. 11, 2010 | Posted by Joshua Wright

How Manufacturing Jobs Are Like Toothpaste

You’ve heard the analogy: It’s easy enough to get the toothpaste out of the tube, but it’s much harder to get it back in. Daniel Gros, Director of the Centre for European Policy Studies, wrote a post entitled “The Skills Deficit,” in which he persuasively makes the same point about manufacturing in the US.

Sep. 9, 2010 | Posted by Joshua Wright