Tag Archives: Data

Retooling For Economic Recovery – Webinar

How can data be used to guide economic recovery?

How can BR+E be adapted to suit pandemic response?

What is the form and function of an economic recovery team?

Join us on September 29, 2020 (10:00 – 11:00am) as we unpack these questions and more during a 60-minute webinar focused on how OMAFRA economic development programs and tools can be used to enhance your economic recovery efforts.

While certain businesses are struggling in the short term, communities need to be prepared to capitalize on the growth opportunities created in certain segments of local economies. During the Retooling for Economic Recovery webinar, we will be covering a multitude of topics intended to inform and guide strategies and approaches to enhance recovery and growth efforts, including:

  • How to effectively track changes in your downtown
  • Data sources to monitor your recovery
  • How communities are tailoring their BR+E surveys and approach
  • The form and function of economic recovery teams

To register for the webinar, please fill out this registration form.

Job Posting Analytics Have Been Added to Analyst

Analyst is an online tool that pools data from a range of sources to provide information on regional economies and workforces. It helps you better understand your region so you can make informed decisions.

A new module: Job Postings Analytics (JPA), has been added. Previously available in the US version of Analyst, this new addition to the Canadian version allows users to better understand the positions businesses are trying to fill, as well as the specific skills and qualifications they are looking for. Aggregated from millions of active postings on the open web, the data is de-duplicated, organized, and available now for all users with a subscription to Canadian labour market data.

This update provides five user-friendly reports, including the popular Job Posting Analytics (JPA) report. Packed with the same powerful filtering and search capabilities as the U.S. version, Canadian JPA has been fully regionalized to capture the unique job titles and occupations that make up the Canadian labour market.

Emsi job posting data provides real-time answers to pressing questions, including:

  • What are the top businesses posting jobs in your province?
  • What jobs are they posting?
  • What are the most in-demand skills for those jobs?

Curious about what Analyst can do for you? Visit our website to learn more.

New Economic Modelling Tool

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

Let Analyst Data Help Make Your Economic Development Decisions Easier

I’m finding that with the Olympics taking place, there is a lot of talk about global economic trends and the potential financial impacts making the rounds at the local coffee shop.  Will your community be affected?  You might be thinking “How can I get started on answering this question and still get away from the office?” Simple, book an appointment and ask Analyst, EMSI Analyst.

Continue reading Let Analyst Data Help Make Your Economic Development Decisions Easier

Improving the Analyst User Experience

Data plays a number of roles in effective economic development. The Ontario Ministry of Agriculture, Food, and Rural Affairs – in partnership with Economic Modeling Specialists International (EMSI) – has offered Ontario’s economic development community access to a full range of data to support regional analysis, strategic planning, and monitoring in a free, user-friendly tool called ‘Analyst’ since 2013. EMSI has recently developed a new version of that flagship tool to improve the user’s ability to find, assess, and report on regional economic data. Improvements focus on five key areas: Continue reading Improving the Analyst User Experience

How Infographics Support Business Retention + Expansion Projects

One of the challenges with Business Retention and Expansion (BR+E) projects is effectively communicating the vast amount of information that is collected. As part of the BR+E program, it is important to develop a final report and action plan. This plan will act as a full and complete record of the project. Its also recommend that Coordinators consider writing a short summary that can be shared with businesses and the broader community. One of the ways to achieve this is by using Infographics. Continue reading How Infographics Support Business Retention + Expansion Projects

Population changes in Rural Ontario

According to a recent factsheet prepared by the Rural Ontario Institute entitled “Change in non-metro population 2014” less than half of the rural counties in Ontario had population increases over the last three years.  Over the same period, however,  all urban counties experienced population increases.

Ray Bollman the author of the factsheet highlights the long term importance of population change to a community:

“Population growth or decline impacts housing demand, labour markets, consumer spending levels and the need for public services such as hospitals and schools. Population growth is considered by many as an indicator of economic vitality – i.e. jobs are being created and/or that it is a desirable place to live.”

Continue reading Population changes in Rural Ontario

3 Ways Data can Support Economic Development

As I stated in my last blog post “Effective Economic Development Requires Data”, data is critical to understanding the local and regional economy. Expanding on that point, there are three main areas where data supports economic development.

Use data to inform economic development strate

hastings county
Hastings County 2014 Situation Analysis Report

Data can help identify a region’s most important economic assets and conditions. The ability to identify these is important for making informed decisions about what industries to focus on for retention, recruitment, or start-up. This can also help get diverse stakeholder groups onto the same page. As a result, strategies built on data are more likely to stand the test of time because they are designed based on a commonly held set of facts, rather than being based on perception. Continue reading 3 Ways Data can Support Economic Development

Effective economic development requires data

Effective economic development requires an understanding of the local and regional economy. No one I know would argue this (especially not economic development practitioners). Data is critical to understanding the local and regional economy.

For example: Norfolk County is where I grew up and still frequently visit. Norfolk  is a single tier municipality located on the north shore of Lake Erie (famous for its Friday the 13th biker rallies). Today Norfolk has a population of approximately 65,000 people. Continue reading Effective economic development requires data