The Institute for Applied Economics at LAEDC performs objective research for a wide range of clients, detailing economic impact of development, business operations, and regulation, as well as providing intelligence about specific industry clusters, labor force, and workforce development issues. The Institute’s reports provide decision makers with critical information from which to make informed decisions. In addition to providing on-demand research per client requirements, the Institute also provides foundational research to ensure LAEDC’s combined programs for economic development are on target, ranging from our collaboration with workforce investment boards to major initiatives such as the L.A. County Strategic Plan for Economic Development.
Why Clients Engage with Us
So much of your daily work makes a positive economic contribution, but when it is important to quantify that, analysis is needed. Clients often want to document how many jobs they have created, how much money specific projects have added to the local economy, or do analysis related to policy options and related tax revenue. Other clients need to understand a local economy or industry cluster so that programs can be targeted and effective. The Institute for Applied Economics is a trusted source for this objective research, with a 15 year track record of excellence and operational experience at LAEDC. IAE was previously the Economic and Policy Analysis Group.
IAE offers unique customization by using state-of-the-art technology and software to conduct our extensive research and analysis, including both custom and standard geospatial analysis using ArcGIS mapping from ESRI, the Business Analyst Online (BAO) platform, data and software from IMPLAN Group LLC, as well as a variety of public and private data sources as needed. These tools and others enable IAE to provide extensive and in-depth research and analysis to assist clients in their decision-making processes.
The Institute’s goal is to provide objective and unparalleled economic and policy expertise to our clients. If you have any questions about IAE or would like more information on how we can best assist you, please email [email protected], or call (213) 236-4840.
The listing below illustrates IAE’s broad depth and experience, and are just a sampling of the services provided by IAE. Not all reports are publicly available due to confidentiality and client requirements.
- Economic Impact Analysis—IAE quantifies the relationship between a particular economic activity (investment, purchase, operations, expansion) and its interdependence with various sectors of the economy. Any economic activity impacts the number of jobs, earnings and economic output in a region. A subset of this type of analysis is producing jobs reports for applicants to the EB-5 program, which stimulates the US economy through capital investment and job creation by foreign investors. Recent examples of economic impact studies include:
- Union Station Master Plan: An Economic Impact Analysis
- Grand Avenue Plan: An Economic Impact Analysis
- Oil and Gas Industry: Economic Contribution Analysis
- LACMA Transformation: Economic Impact Report from LAEDC
- Los Angeles International Airport in 2011: An Economic Impact Analysis
- Construction Impact of Metro’s Measure R Transportation Projects: Update 2012
- Annual Operations of Los Angeles County Metropolitan Transportation Authority FY2010-11: Economic Impact Analysis
- Workforce Development—IAE analyzes a particular geographic location in terms of the occupational makeup of individual industries or industry clusters. This includes the employment, training, education and median annual wages. In context with the composition of the local residential population, this analysis is used to assess and evaluate the ability of workers to meet current and future workforce needs. Recent examples include:
- Demographic Overviews—IAE creates extensive and reliable demographic profiles including population, household, education, income, housing and other characteristics for any standard or customized geographic region. Some recent snapshot examples include:
- Policy Analysis— IAE assesses policy initiatives in the context of economic impacts. This includes relevant literature reviews, technical analysis, and metrics to measure and evaluate policy effectiveness. An example includes:
More reports produced by the Institute for Applied Economics can be found here. The Institute for Applied Economics was formerly the Economic and Policy Analysis Group at LAEDC.
Past and present clients include Burbank Bob Hope Airport, California Cable & Telecommunications Association (CCTA), California Manufacturing Technology Consulting (CMTC), Foothill Workforce Investment Board, Grand Avenue LA, Hospital Association of Southern California (HASC), J.P. Getty Trust, Los Angeles Biomedical Research Institute, Los Angeles City Workforce Investment Board, Los Angeles County Community and Senior Services (CSS), Los Angeles County Department of Regional Planning, Los Angeles County Metropolitan Transportation Authority (Metro), Los Angeles County Museum of Art (LACMA), Los Angeles Department of Water and Power (LADWP), Los Angeles World Airports (LAWA), Metropolitan Water District (MWD), Motion Picture Association of America (MPAA), Pacific Gateway Workforce Investment Network, Plains All American Pipeline, San Gabriel Valley Economic Partnership (SGVEP), Sony Pictures Entertainment, Southeast Area Social Services Funding Authority (SASSFA), Southeast Los Angeles County Workforce Investment Board (SELACO WIB), Southern California Association of Governments (SCAG), Southern California Leadership Council (SCLC), Western States Petroleum Association.