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INTRODUCTION: If you haven’t already, check out the introductory article Taxes: The Basics of the Breaks to give you some general knowledge on tax breaks. Now let’s dive into some common tax breaks that individuals and households see and how to examine these in IMPLAN. LABOR INCOME VS HOUSEHOLD INCOME: There are two choices to […]
INTRODUCTION: Every analysis in IMPLAN will give you tax results. However, often times analysts wish to to examine the effect of a tax break or tax incentive on their regional economy. Modeling tax changes falls under the category of socio-political impacts; therefore, the spending associated with it needs to be determined by the analyst before […]
INTRODUCTION: As any CPA will tell you, understanding taxes is a big job. Taxes vary by locality, special district, and state. There are also differences by Industry as some businesses are required to pay taxes specific to their work. This article outlines the basics of how taxes work in IMPLAN and what is included in […]
DETAILS: Economic impact analyses of airports are very popular. Venckus and Vaidas (2011) state the main reasons as to prevent an airport closing or relocation, to highlight the ramifications of service additions or cancellations, and to justify spatial expansion. [1] OPERATIONS There are two main IMPLAN Industries associated with airports. The first is Industry 414 […]
For every possible IMPLAN Region, all IMPLAN Industries have a unique Output Equation. IMPLAN collects data to determine the Output Equation for each Sector for each Region and Year available in IMPLAN in terms of dollars. The Output Equation, in dollars, is converted to percentages of Output such that the equation sums to 100%. The […]
INTRODUCTION: Dealing with years in IMPLAN can get tricky. Luckily, we have an article called Dollar Year & Data Year to help with your understanding as one of the first things you do have to answer the question of when your impact is happening – the Dollar Year of your impact. DETAILS: The Dollar Year […]
INTRODUCTION: Where your impact is taking place is a pretty easy question to answer. However, you may want to talk about that impact at the local, regional, or state level as well. You may even want to look at how an Event in one Region impacts another Region. DETAILS: The Region you define determines the […]
INTRODUCTION: Selecting the value of the change you want to model is fairly straightforward. It is simply the total dollars or employment you want to model; which will be entered as the Event Value in IMPLAN. Your analysis may have only one value or may be made up of a combination of many values. The […]
INTRODUCTION: The first question to think through when preparing your analysis is who is being impacted. The “who” of an analysis is the entity experiencing the initial change or economic activity you’d like to analyze. Keep in mind, IMPLAN is designed to estimate backward linkages, preparing your analysis determines the starting point. Answering the “who” […]
INTRODUCTION: IMPLAN has 546 different Industries to choose from when running your economic impact. But how do you choose which one is right for your study? Here is the guide to everything you need to know about IMPLAN Industries! IMPLAN INDUSTRIES: IMPLAN Industries consist of 546 different codes and names. IMPLAN Industries can be grouped […]
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