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Tools for Data Driven Economic Development

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Tools for Data Driven Economic Development

About EMSI• Regional Economics Firm• Founded in 2000

• Main business was Economic Impact Studies

• Located in Moscow, ID• Built Analyst (user interface) in 2003• Acquired by CareerBuilder in 2012

• CB was one of our clients

About EMSI Data1. Compiled from 90+ sources

Government data is suppressed (80/3 rule)

EMSI data is unsuppressed

About EMSI Data

About EMSI Data3. Demographic, Industry,

Occupational, and Program related data

About EMSI Data4. National, State, MSA, County, and

Zip level

Analyst• User friendly interface to access

data– The tool that makes the data make sense

• Pull and export reports• Run tables• Customize your findings• Geographically plot information

The Real WorldMonroe Community College

• Todd Oldham, VP of Economic Development and Innovative Workforce Services

• Rochester, NY experienced a large contraction in manufacturing

• Due to a lack of high/middle skill labor

• Needed to realign the skills taught by the college to match the needs of local employers.

• Used data to determine the skills gap and realign the college’s program offerings.

The Real WorldJobs Ohio

• Six region network of EDC’s

• Routine: responses for real-time data requests for regional and international site selectors

• Strategic: initiatives to determine regional and state workforce strengths and maximize them

• Needed data that was consistent, accurate, timely, and customizable across all regions

The Real WorldMatt Waldo

“By Acquiring Analyst across each of our regional partners we’re able to convey to our clients that we have a consistent approach to generating accurate and timely workforce data.

I think this is pretty unique, nationally. There aren’t many states where you have that level of coordination among native sources.

The key headline here is data consistency no matter where businesses look to locate in Ohio.”

BenefitsData allows you to…• Determine regional strengths• Determine key industry clusters• Analyze your local workforce• Attract new businesses• Retain current businesses• Compete across regions

See more case studies at www.economicmodeling.com

Nicholas Rozier208-596-7008

[email protected]