Helping community leaders examine economic change
Economic changes in your community can happen over a long period of time or very quickly. It's not always easy to see how those changes connect to other parts of your economy. Our economic impact analysis program is designed to assist community leaders with the following types of questions.
- What is the economic impact of this change on our local, regional, or state economy?
- What would happen economically if this didn't happen?
- What would this change contribute to our local, regional, or state economy?
- What other industries are impacted by this change?
Futures Workshop and Emergency Economic Impact Analysis
Understanding how industries and households interact can help predict how economic changes will affect your community. Two program offerings are designed to help your community imagine its future.
- Futures Workshop: Go in-depth exploring how industries in your economy interact and the implications for other industries and households.
- Economic Emergency Economic Impact Analysis: Explore how a sudden economic change will affect your economy, industries, and households.
In partnership with the Northern Grapes Project, U of M Extension has quantified the economic impact of grape growers and wineries in 13 northern states. Read the about grape growers. Read about wineries. Read about economic impact.
When economies expect a hit, analysis can help a region prepare. Our Community Economics team ran an impact analysis to contribute context and learning for community decision makers in International Falls. (278 K PDF)
Economic Impact Analysis in the news
- Economic Impact of Cold-Climate Grapes Hits $401 Million
- Hard data for hard times: Economic Impact Analysis for community business loss
- Helping communities make better economic decisions
- Urban vs. rural? More like urban and rural together, study says
- 2010 census release continues — with changes
- Data-informed decision making helps communities thrive
Research fellow Ben Winchester describes changes throughout the economic history of rural Minnesota - and new trends, too.
Produced by Lakeland Public Television