When COVID-19 began to ravage the US economy in mid-March, unemployment skyrocketed. Many jobs not considered “essential” to the economy, and without remote capabilities, were suddenly erased. And while the unemployment figures across the country are a testament to the virus’s sweeping, all-inclusive damage, the community impact on individual cities and regions remains unique. […]
Emsi was pleased to partner with Mid-America EDC for a recent webinar on understanding the various economic and labor market impacts of COVID-19. We dove into economic impact analysis, the ins and outs of the Input-Output Model, the uniqueness of essential/non-essential workers by MSAs, and how to evaluate ways to pivot a workforce to resilient, in-demand fields.
In the coming weeks and months, many grant opportunities will be made available to provide COVID-19 relief to communities. These will take different forms and be administered by various entities: federal or state agencies, municipalities, local community foundations, private funds, and others. While all communities and businesses will be in need and deserving of support, many grant opportunities will be competitive. As a resource to help tell your story and make a compelling case with data, we have assembled a Grant Writer’s Toolkit of Emsi Developer reports.
In a perfect world, economic impact studies would only be conducted to determine the likely effects of positive events in a community: expansion of a local manufacturer, increase in education attainment, or a reduction in the poverty rate. Unfortunately, sometimes negative impacts must also be measured, such as the economic impact of COVID-19. To ensure that the results of impact studies are accurate, and thus most useful in developing recovery efforts and allocating relief funds, it’s important to be thorough.
Economic and workforce development professionals are on the front lines of their community’s response to COVID-19. To support their community and provide impactful assistance to local businesses, they need to be armed with the right data. We recently hosted a webinar to discuss the real-time and traditional labor market data that can help identify, prioritize, and support local businesses impacted by restrictions and closures.
US restaurants are reeling from the effect of COVID-19. Every day, more city and state leaders are closing bars and restaurants to dine-in customers in response to the virus. We used Emsi’s Input-Output model to find out how these closures will affect the US restaurant industry.