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Household Income Events

INTRODUCTION Household Income Events are appropriate to model a change in Household Income isolated from Industry production and payroll. In Household Income Events, you can specify the specific income group(s) receiving the income. Examples would be a government stimulus check or tax refund. Household Income values should include all new Household Income the residents will […]

Labor Income Events

INTRODUCTION Labor Income Events are appropriate to model a change in labor payments which are isolated from Industry production. An example would be a wage increase for current employees. There won’t be any new production, but the workers will earn more. IMPLAN will automatically deduct in-commuting income, payroll tax, personal tax, and savings from Labor […]

Industry Events

INTRODUCTION There are four Industry Event Types in IMPLAN: Output, Employment, Employee Compensation, and Proprietor Income. Each of them operates in the same manner. This article will walk you through an example of each type of Industry Event. Event Type Industry (Output, Employment, Employment Compensation, Proprietor Income) Event Use Analyzing a change in an Industry’s […]

Indian Tribes: Considerations for Native American Impacts

INTRODUCTION There are 1.9 million American Indians and Alaska Natives belonging to 574 federally recognized American Indian tribes and Alaska Native Villages in the U.S. Not only are Native Americans an important part of our national identity, but they are also a large part of the national economy.   TRIBAL GOVERNMENTS  Generally, Tribal Governments are covered by […]

Location Quotient

Location quotients (LQ) compare the relative concentration in a specific area to the concentration in the U.S. They are mainly used for descriptive and comparative purposes. The formula is LQ = Local Concentration / National Concentration, or more specifically the formula for the Employment LQ is: LQ ir = (xir/xr) / (xin/xn)      where     […]

Electric Vehicles: Industry on the Move

INTRODUCTION According to Bloomberg New Energy Finance, more than half of the cars produced by 2040 could be electric. This poses a huge change for traditional gasoline combustion engine production that has dominated the U.S. landscape. Currently, electric vehicles make up only a small portion of the market, representing only 3% in 2020. Because this industry is […]

Occupation Data Details

INTRODUCTION IMPLAN now includes data for occupation employment, wage, and core competency (knowledge, skills, abilities, education, work experience, and on-the-job training levels for each occupation). This new data offering allows for expanding employment impact results to include occupation detail (with associated wage, education, and skill detail) in addition to Industry detail.  These data are also […]