Our services primarily fit into four categories. Some services can be bundled and tailored to fit your community’s needs. See descriptions of our services along with some example projects below:
- Economic and Fiscal Impact Analysis
- Professional Development
- Labor Market Analysis
- Strategic Planning
Economic and Fiscal Impact Analysis
The Center for Economic Development Research has decades of experience measuring the health of local economies. What services can we offer your community?
Fiscal Impact of New Economic Development Projects – Need to estimate the impact of a new economic development project? Our model can do it. We invented the model that is now the industry standard for analyzing local fiscal impacts, the LOCI™ fiscal impact analysis model. It estimates how a proposed project or action impacts your community’s fiscal outlook. It describes the value of the project by showing how the project affects your community’s revenue and service needs.
Fiscal Analysis of City Expansion/Creation – Need your constituents to understand the impact of creating or expanding a city? Our staff can model changes to county revenues that may result from municipal incorporation. Using LOCI™, we can estimate the consequences to your community’s fiscal outlook by showing the adjustment to your community’s revenue and services needed to keep your books balanced.
Economic Analysis of Industry – Need to gauge the economic benefits of industries in your community or industries that you want to attract? Our staff can help. We use the industry standard to analyze economic impacts, IMPLAN, an impact model developed by the Minnesota Implan Group. It measures the impact of an industry in direct terms, such as jobs and payroll and describes economic impacts at the county, region, and state levels. It can build on the LOCI™ fiscal impact analysis to estimate regional multipliers, showing the indirect and induced economic impacts of the industry. Our analysis can further provide earning and expenditure impacts, tax analysis, and bank deposit analysis.
Tourism Validation & Impact Analysis – Need to know if a proposed tourist attraction will meet the legislative requirements needed to qualify for development tax credits? Our staff can provide the objective and thorough research needed to ensure that all requirements are met. We can validate assumptions regarding out-of-state visitor attendance, assess the tourism project’s impact to the state and local economy, and independently review other requirements. Our analyses have validated tourism projects to ensure they qualify for tax refunds through the Georgia Tourism and Development Act.
For decades, Georgia Tech has provided professional development training courses to serve economic development. Today, these courses are available through Georgia Tech’s Enterprise Innovation Institute, managed by the Center for Economic Development Research. Let us launch your career as a nationally-recognized, professional economic developer!
Basic Economic Development Course – Join the thousands of participants that have taken their first steps in a nationally-recognized economic development program! This course educates participants in the fundamentals and emerging concepts of comprehensive economic development. Over four days, you will learn from a wide-range of lecturers that prepare you and your community for success in economic development. Visit gt-bedc.org for details.
Economic Development Professional Education – Continue your training and become a Certified Economic Developer. We are a proud training partner of the International Economic Development Council (IEDC). We offer IEDC courses that count toward your certification and recertification as a Certified Economic Developer (CEcD), a certification recognized nationally and internationally for creating economic developers that promote economic well-being and quality of life in their communities.
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Labor Market Analysis
The Center for Economic Development Research can help with many labor force research needs.
Labor Market Profile – Need to know how skilled your labor force is? Our staff can collect, review, and present meaningful data concerning your labor market. We can create a reader-friendly profile of your labor market that can be used by industry leaders considering location or expansion in your community or can serve as the basis continued labor analyses.
Industry/Occupation Analysis & Forecasting – Need to know what the future holds for your community’s job market? We can show you which occupation sectors are performing well and which are not. We can show you the small but growing sectors you might have overlooked. Our analysis focuses on factors that are important to your community. What are your high-wage industries? What are your vital existing industries? What makes your community standout and attract these businesses? Our staff can reveal opportunities to kickstart small but growing industries with the high wages that your citizens want.
Labor Force Gap Analysis – Need to know if the labor needs of your local economy are being met? Our analysis surveys your labor force and industry leaders. Through these surveys, we can show you the existing skillset, training and education needs, and career aspirations of your community’s labor force. With our analysis, you can position your community to compete in the global labor marketplace and create more employment opportunities for your citizens. Our analysis can also be used by all local stakeholders to enhance your community’s economic development opportunities.
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For decades, the Center for Economic Development Research has helped communities in Georgia with economic development strategic planning. Our services have brought local officials, business leaders, and residents together to put their community on a path toward sustainable economic development. How can we help your community reach its potential?
Community Assessment/Profile – Need a comprehensive description of your community? Our staff will review existing data sources, research reports, and planning documents concerning your community. With this research, we can assemble a simplified but thorough profile of your community, providing a vital baseline for subsequent studies.
Target Industry Analysis – Need to know what industries are best suited for your community? We can define and identify the industry clusters that thrive in your community. Our team will analyze the critical dynamics revealing your community’s strengths, workforce availability, and local assets and resources. We help you identify the key industry sectors and niches so you can focus your economic development activities.
Partnership Development – Need to connect community leaders, business leaders, and local stakeholders? Our staff can develop and implement a strategy tailored to your needs that builds a network of innovation, entrepreneurship, and opportunity in your community. Typically, we build partnerships by encouraging collaboration among institutions of higher-education, the private sector, and local government. We search for cost-effective solutions to meet the goals unique to all partners involved.
Economic Development Strategic Plan – Need your community to focus on the big picture? Our economic development strategic planning services do just that. We bring it all together by incorporating our expertise in economic and feasibility analysis and labor market analysis to draw a picture of your community and help you benchmark your progress. We analyze the effectiveness of your regulatory statutes, land use and zoning code policy, energy and environmental policy in the context of your economic development efforts. We look at the strengths and weaknesses of your labor force and assess business retention, entrepreneurial activity, and the overall vibrancy of your local economy. Through surveys and interviews, we can build community “buy-in” and help your community shape its priorities and vision.
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