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