Earlier this week we posted a case study on a groundbreaking new economic impact report from Arapahoe/Douglas Works! in suburban Denver. The workforce center used EMSI data and tools — as well as other state and internal information — to measure its impact and return on public investment.
Here’s an excerpt from the release:
“Arapahoe/Douglas Works! has been a national leader in evaluating its effectiveness at helping citizens find and retain jobs,” said Arapahoe County Commissioner Jim Dyer. “However, this report takes that analysis to a whole new level—one that few other workforce centers in the country have attempted— by looking at how those job placements create a ripple effect on key regional economic indicators.”
The study addressed the impact Arapahoe/Douglas Works! had on the Denver-Aurora Metropolitan Area, including the counties of Denver, Arapahoe, Jefferson, Adams, Douglas, and Broomfield.
In addition to looking at the metro-area as a whole, the study evaluated the specific impact of adding jobs in the region’s high-growth industry sectors, identified by the WIB to be biosciences, health care, aerospace, aviation, homeland security, information technology, finance and renewable energy.
Patrick Holwell, the main author of the report, told us that the workforce center hopes to create a national dialogue on demand-side performance measures for WIBs. “Provided you have an economic modeling engine like EMSI, this is replicable in any region,” Holwell said.
We’d love to hear your thoughts on the study — or any other questions or comments. Reach Josh Wright at email@example.com or 208.883.3500.