IMPLAN COVID-19 Resources
What is the Economic Impact of the COVID-19 Vaccine Manufacturing Process?
COVID-19 has dramatically altered the way we live, but a potential vaccine offers some hope.
While the vast impact the vaccine will have on the economy is nearly impossible to quantify, read how U.S. vaccine production could impact the economy.
Coronavirus Employment Effects: The 10 Most and Least Affected Congressional Districts
Using quarterly annualized data found in IMPLAN, our economists compiled a list comparing employment figures in each congressional district from 2018 to Q2 2020.
Find out which 10 Congressional districts experienced the largest and smallest decreases in employment as a result of the coronavirus pandemic.
Exploring Our Evolving Economy
Introducing IMPLAN COVID 2020-Q2 Data
(Webinar)
To get current and future IMPLAN users acquainted with the value of the data set, caveats while using it, and approaches to studying it, we hosted a free 45-minute webinar titled, Exploring Our Evolving Economy – Introducing IMPLAN COVID 2020-Q2 Data. The last 15 minutes of the presentation features Q&A with our economists.
In this webinar, you will discover the IMPLAN COVID 2020-Q2 Data, review its methodology, and identify interesting findings and trends in the data set.
Evolving Economy – COVID 2020-Q2 Data
The effects of the COVID-19 pandemic represent a structural shift to the U.S. economy. With major changes to employment levels and average wage rates plus stimulus checks and PPP loans, it is crucial that the most appropriate data is used for modeling during this time. With that in mind, IMPLAN is proud to announce the release of ground-breaking data and economic impact models for the COVID-19 era.
Accordingly, IMPLAN has used the best publicly available data from the second quarter of 2020 to produce an IMPLAN data set (U.S., state, county, congressional district, and zip code models) meant to represent the pandemic-altered 2020 U.S. economy. Our Data Team annualized the data set based on the second quarter of 2020, so the entirety of the data examines how the whole year would look based on the start of the pandemic. For some Industries, there are very high losses evident from anecdotal evidence as well as in the COVID 2020-Q2 Data.
The data set has the same data points and capabilities as regular annual IMPLAN data. Because of this, you can compare 2018 levels to the Evolving Economy – COVID 2020-Q2 Data to see differences in your Region. However, as with any data set, there are nuances and considerations to keep in mind when using the data and comparing it to other data years. For more information on what you’ll find in the Evolving Economy data set, read our blog post here.
Additional COVID Resources
Analyzing the Economic Impacts of the Coronavirus (Webinar)
Modeling the economic impacts that matter to you and your community during the uncertainty of the Coronavirus.
This presentation walks through approaches to modeling and examining the economic effects of the Coronavirus. After discussing considerations and applicable examples, we host a Q&A session.
Pandemic: Additional Considerations when Modeling the Coronavirus
As the world continues to see changes stemming from the COVID-19 pandemic, more questions arise on best practices for how to look at the economic impact of the latest developments in IMPLAN.
Here are some considerations to think through when analyzing your impacts.
A $22 Billion Loss: The Potential Impact of Coronavirus on Foreign Travel to the US
The worldwide pandemic has upset lives globally and dominated everyone’s attention for weeks.
Foreign travel was one of the first industries to be clearly impacted by the emergence of the coronavirus in China, and impact analyses can demonstrate the reach of those affected by this economic turmoil.
Small Business, Big Economic Impact: Food Trucks and the Coronavirus
Across the country, the service industry has felt the consequences of the coronavirus more severely than most.
While cities and regions of all sizes have felt the strain, social distancing and business restrictions have affected small businesses in towns reliant on tourism spending particularly harshly.
Analyzing the Economic Impacts of the Coronavirus (Blog)
The coronavirus has introduced uncertainty into everyone’s lives.
As with any economic disruption, the best way to cut through confusion and uncertainty is with data and insight.
IMPLAN provides you the ability to model the impact of these circumstances on your own economy.
Introduction to IMPLAN Training
To safeguard against COVID-19, IMPLAN has cancelled all in-person training until further notice. In response, the IMPLAN Education Services team will be offering virtual training series for those in need of an education of the fundamentals of economic impact analysis.
Ready to see IMPLAN in action for yourself?
History
WHERE IT ALL STARTED
In the early 1970s, the U.S. government encountered a need for more exhaustive, functional economic statistics. Though effective methods for gathering and reporting national economic data had been established, analysts needed a more advanced system for turning that information into an actionable asset for local economies to put to use.
In 1976, the National Forest Management Act required the United States Forest Service (USFS) to cultivate a 5-year management plan which presented both alternative land management strategies and potential resource outputs and socioeconomic effects on local communities. In cooperation with the Federal Emergency Management Agency (FEMA), the USFS played a role in the creation of two linear programming models: FORPLAN and IMPLAN. FORPLAN (short for “forest planning”) estimated the resource outputs of land management strategies, and IMPLAN (short for “impact analysis for planning”) estimated the economic effects of those resource outputs on local communities. The USFS officially began modeling economic impacts with IMPLAN in 1978 and still does to this day.
It quickly became clear that the USFS’s ad hoc procedures for assembling regional I/O data sets for use with IMPLAN were too inefficient to sustain a large-scale nationwide system. So, in 1985, the responsibility for developing IMPLAN data sets shifted to the University of Minnesota. As demand grew for regional models by non-USFS organizations, IMPLAN (then Minnesota IMPLAN Group (MIG, Inc.)) was established as an independent corporation for the purpose of developing and selling all future iterations of the IMPLAN database and software.
“The Forest Service uses the IMPLAN database and modeling system to carry out economic impact studies of the consequences of Agency decisions and proposed actions and to describe the current economic contribution of natural resource management on the National Forests and Grasslands.”
Ecosystem Management Coordination,
US Forest Service
Our History
MIG, Inc. (1984 – 2013)
IMPLAN (2013 – 2016)
IMPLAN (2016 – Present)
Partnering with Industry Leaders
IMPLAN takes great pride in partnering with leaders in the field of economic data and research.
TREDIS extends the IMPLAN system to enable broader applications of economic impact, benefit-cost, and financial analysis for transportation planning, programming, and project analysis. TREDIS works by providing a dynamic, multi-regional economic impact simulation model to estimate regional impacts in terms of employment and income changes over time. It incorporates the full industry structure of IMPLAN, which makes TREDIS the tool for users to also analyze transportation projects.
IMPLAN has proudly partnered with the Mid-Continent Regional Science Association (MCRSA) to co-host biennial conferences for more than twenty years. We encourage furthering research and supporting the science of economics together. Our partnership’s commitment to this cause has fostered and supported training workshops, student scholarships, and research presentations for the last two decades.
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The economy is an evolving ecosystem.
Discover, explore, and analyze activity within your economy
and how you can impact it like never before.
The Data
Browse and analyze with the most extensive economic database out there. Thousands of data points from more than 90 sources make up the most transparent and relied-upon portrait of your economy.
The Application
Get the economic impact application that’s tailor-made for the data. See why IMPLAN is the leading economic modeling application at the cutting edge of economic theory and practice.
The Solutions
Discover what’s achievable with IMPLAN. From start to finish, here’s how people find the answers they are looking for and affect economic change in their communities.
Navigate our intuitive user interface
Calculate the effects of numerous economic scenarios in a single analysis
Define regions from a national to zip-code level
Explore extensive study results like employment, labor income, GDP, and more
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Resources
IMPLAN RESOURCES
Stay on the forefront of how IMPLAN is used and learn more about the creative and effective real-life application of it. Please enjoy our library of case studies, white papers, blogs, and more.
