February 24-26, 2003
Oklahoma City, Oklahoma

Purpose

Communities often experience significant changes in the local economic base. A first step in responding to change is understanding the magnitude of the change. Change can be represented by a new business moving to the community, increased tourism activity or in-migrating retirees.

Course Objective

Economic impact analysis offers an approach to quantify the impacts of these types of change on the local economy. Often local leaders may also desire to estimate the impacts of existing business or industry. For example, what are the economic impacts of local manufacturing firms or the local health care sectors? Again, impact assessment provides methodologies for measurement.

Course Outline

This training session will provide an overview of economic impact analysis and provide case studies. Specific topics addressed will include economic analysis versus fiscal impact analysis; what is the multiplier; using impact analysis in Extension programming; measuring economic impacts of the health care sector; IMPLAN — a tool for analysis; and using IMPLAN for target industry analysis.

Agenda

Monday, February 24
1:00 p.m. Welcome, Introductions, Workshop Overview...................Bonnie Teater
   
1:30 Economic Impact Analysis..............................................Mike Woods
n Overview
n Alternative models/methodology
n How models can be applied
   
2:30 Input-Output Analysis....................................................Gerald Doeksen
 

n Introduction to I/O Analysis
n Theory and application
n Components of I/O
   
3:30 Break
   
4:00 Demonstration.............................................................Cheryl St. Clair

n Input/Output and IMPLAN database
n Step by step procedure
   
Tuesday, February 25
8:00 a.m. Health Care/Education Impact Example.........................Gerald Doeksen
   
8:30 Using Models in the Field.............................................Jack Frye and Stan Ralstin
   
9:00 Run Computer Application...........................................Cheryl St. Clair
n Hands-on
n Building a local model for assessment
n Multiples
n Shadow industry
   
1:30 p.m.

Targeted Economic Development................................Mike Woods

n Use of I/O for target industry analysis
n Example application
   
2:30 Tourism Analysis.......................................................Suzette Barta

n Economic impact analysis example
n Alternative approaches
   
3:15 Break
   
3:30 Example Community Impact Analysis

n Manufacturing & Golf Course..........................Mike Woods
n Fairgrounds..................................................Gerald Doeksen
n Tornado........................................................Fred Eilrich
   
Wednesday, February 26
8:00 a.m. Education
 
n Colleges and Universities................................Fred Eilrich
   

State Policy Applications
 

n Agriculture...................................................Mike Woods
n Medicaid.....................................................Gerald Doeksen

   
9:00 Evaluation................................................................Bonnie Teater
   
9:30 Break
   
10:00 Discussion...............................................................All

n Follow-up in your state
n Where to from here
   
12:00 p.m. Adjourn

Faculty

Gerald Doeksen is a regents professor and Extension economist with Oklahoma State University. He has been a pioneer in developing and applying community service and community impact models.

Suzette Barta is an extension specialist with Oklahoma State University. She works in the areas of database analysis, e-commerce, and web-based community development tools.

Fred Eilrich is an extension specialist with Oklahoma State University. His areas of expertise are economic impact analysis and solid waste systems planning.

Jack Frye is a community development specialist with the Oklahoma Cooperative Extension Service. He serves the eastern part of the state working with Extension educators and community leaders.

Stan Ralstin is a community development specialist with the Oklahoma Cooperative Extension Service. He serves the western part of the state working with Extension educators and community leaders.

Cheryl St.Clair is an extension specialist working for Oklahoma State University. Her areas of expertise include health care analysis and impact analysis.

Mike Woods is an agricultural economist with Oklahoma State University. He provides training to communities interested in strategic planning for economic development.

Sponsor

Southern Rural Development Center
Box 9656
Mississippi State, MS 39762
Phone: (662) 325-3207
Fax: (662) 325-8915

For more information, contact Bonnie Teater at the SRDC.