Impact of business developed by incubator over the past 10 years

RHanna12

January 05, 2021 22:25

A regional business incubator has been in operation for the past 20 years. They would like to use IMPLAN to estimate the annual impacts over the past 10 years. For example:

- In Year One (2010), the incubator assisted development of a computer repair shop, a security business, and a home health company;

- In Year Two (2011), the incubator hosted the above mentioned businesses plus assisted an appliance repair company and a management consulting business;

- In Year Three (2012), at the incubator, the computer repair shop closed, the other 4 businesses remained in operations, plus an engineering firm was started ...

We will be provided annual employment and industry NAICS for each of the businesses to be included in the analysis. I could use the current IMPLAN data to model the annual changes occurring over the ten year period, but the results would be based on 2018 purchasing coefficients and data.

Can I access the data for 2010, 2011,...2017 to run models for each of the relevant years? Would I need to download versions of IMPLAN software for each of the non-current years I wish to model?

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maria_lucas
January 05, 2021 22:59

Hello,

Thank you for your question. All Data Years from 2001 - 2019 (plus COVID 2020-Q2 data) are available in the latest version of IMPLAN at app.implan.com in a consistent 546 Industry Scheme format. Do you currently have access in the app to the region needed for this project? This is a great use case for the new tool because it does not require separate models for different Data Years. This analysis can be run all together in one Project at app.implan.com.

This analysis can be setup up with a series of simple Industry Employment events for the Industries corresponding to each businesses' NAICS with the annual Employment values for each year the businesses were operating over the pass ten years (1 Event per business and year of operations). These Events can be dragged and dropped into Groups with the appropriately specified Data Year (year of the model) and Dollar Year (year of operation). To create a group for the same Region over multiple years, I recommend selecting the Region from the Region screen for each year, using the Data Year selector shown in the screenshot in the following article: https://implanhelp.zendesk.com/hc/en-us/articles/360039589113-546-Industry-Scheme-

Once the Region is selected for all necessary Data Years, create the impact with the Events mentioned above. Drop each Event into the Group with the Data Year it corresponds with and update the Dollar Year to the year of business operations for the Event. After running the analysis, results will reflect the total effect over the 10 year period in current year dollars.

Thank you,
Maria

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