Using Analyst’s Input-Output Scenario report you can predict the expected impact of a business loss or gain in your community in terms of jobs, sales, or wages, and how that event would impact other industries regionally. It gives you the ability to “shock” an economy and measure the impacts.
It also gives you the predictive ability to see:
- The effect of a new company locating in the local regional economy,
- The effect of adding jobs to an existing industry sector (such as a major company expansion)
- The effect of losing a company/losing jobs from the local regional economy
For example, if we wanted to understand the impact of an animal feed mill’s in rural Ontario. We would go through the following steps to get the information that will help us understand the impacts.
First Step: choose a region Continue reading Input-Output Predictive Scenario Report
Analyst Input-Output Tool
The Ontario Ministry of Agriculture, Food, and Rural Affairs – in partnership with Economic Modeling Specialists International (EMSI) – is excited to announce the addition of a Canadian version of their Input-Output Modelling tool in Analyst.
Input-Output models map out linkages within an economy by tracing the connections between industries, households and government. This is done by tracking the flow of money between those entities within a geographic area (for more background on input-output modelling). Continue reading New Economic Modelling Tool
5 Takeaways from EDAC 2016
This year’s Economic Development Association of Canada’s annual conference, hosted a full slate of speakers that inspired economic development professionals from across
Canada. Speakers Bruce Kirkby, Nicole Verkindt, Darcy Lang and Terry O’Reilly, spoke of the ability and impact economic development professionals have to be change agents within their communities, through both traditional and non-traditional avenues.
The following are my top 5 takeaways:
Continue reading Economic Developers: Change Agents Building Canadian Communities
I recently had the opportunity to attend the PuMP Toronto Workshop. PuMP is a performance measurement process that was created by Stacy Barr and licenced to Adura Strategy in Canada. OMAFRA’s Rural Economic Development Branch provides performance measurement resources to our clients; I am a firm believer in the value that they bring to measuring an organization’s impact and am always eager to hear what new methods and techniques are available to do so.
This intimate workshop brought together public and private sector organizations from across Canada, (participants represented organizations from Calgary, AB to Saint John, NL and all points in between) to learn about effective techniques, using the PuMP performance measurement blueprint.
Here are my four takeaways after participating in the workshop: Continue reading Four Simple Considerations You Need for Performance Measurement Success
I recently had the opportunity to attend the Performance and Planning Exchange (PPX) Symposium in Ottawa, Ontario. This international centre of excellence provides learning, sharing and the development of expertise in performance and planning – including its measurement, implementation, public reporting and management. Primarily catering to a federal government audience, it was beneficial to understand the culture of performance measurement that is entrenched and how the use of evidence-based measurement drives federal transfer payments. I was also interested to learn that the messaging they provide in their results-based management 101 course is very similar to the Regional Economic Development Branch’s Measuring Up! performance measurement resource. Continue reading Two Takeaways for Successful Performance Measurement from PPX