Consulting Services
Applied Economics provides consulting services in the form of custom studies and software applications designed to address the specific needs of our clients in three areas: economic development, economic and fiscal impact, and demographic and market analysis. Within each of these areas Applied Economics provides a specialized group of services, all oriented around applying economic theory, socioeconomic data and information technology to real world problems.
In the area of economic development, Applied Economics provides a variety of research and implementation support services. We create customized software tools for economic developers as well as marketing materials, labor market analyses, and other economic research. Our software tools include an interactive business climate and operating cost comparison system, and economic and fiscal impact models. Our economic research includes "factbooks" and other marketing materials, as wall as labor market studies, economic base and target industry analyses.
In the area of economic and fiscal impact analysis, Applied Economics conducts studies and develops models to measure the effect of a wide variety of activities. These activities can include development land use and policy changes, business-driven economic impacts, and program-driven economic and fiscal impacts. Development-based impacts, such as those caused by new development, redevelopment and annexation, quantify the effect of land use, zoning and density changes on public finances. Business impacts measure the effect of company locations, re-locations, expansions and exits. Program impacts combine the impacts of multiple businesses to quantify the overall efforts of an economic development organization.
In the area of demographic and market analysis, Applied Economics produces socioeconomic and school enrollment projections, retail market assessments, and low income housing market analyses. Our work in socioeconomic and enrollment projections is performed for regional, sub-regional and small-area geographies. We specialize in developing models to prepare small area estimates and projections of socioeconomic variables such as population, housing units, enrollment and employment used in a variety of planning applications. Our work in this area also includes local retail market and trade-area assessments, as well as low income housing market studies.
