Fee-Based Services

Economic Impact Analysis

An economic impact analysis assesses the effect of an event or shock on the local economy. Examples include the introduction of a new firm or industry, the expansion of an existing firm or industry, changes in spending patterns, or changes in labor income. We also offer economic contribution analysis, which helps to understand how much a firm or industry already embedded in a region contributes to the local economy. We can adjust the model to best represent the shock in the region by using benchmark industries or modifying the model to better represent new industry operations.

Survey-Based Research

Survey-based research is a popular route to take when you want to understand more about a topic but secondary data on that topic isn't readily available. For instance, an entrepreneur might want to understand more about potential customers. Local officials and policymakers may want to understand more about how policies will impact the regional economy. Unlike most data available online, one of the main advantages of survey-based research is the results are timely and custom to the topic at hand.

Industry Analysis

Understanding industry dynamics within a local economy is important to business leaders and policymakers to assess regional growth and development. The industry analysis study focuses on one or more industries in a regional economy, and provides an assessment of business concentration, growth trends and workforce overview. With this information, the RERI team can identify potential strengths, weaknesses, opportunities, and threats to the local economic development which can be complemented by qualitative information from different stakeholders.

Economic and Demographic Profile

RERI can provide economic and demographic data to assist in the decision-making processes. Data can be provided by various geographic areas from national down to the local level. Data can be provided by distance and drive time around a specific location as well. Examples of economic and demographic profiles, but is not limited to, the following: 

1. Benchmarking: Benchmarking studies provide an in-depth profile of economic conditions in a given area as a frame of reference for understanding the area’s economy. Targeted industries and clusters can represent a special focus in this key tool for monitoring an area’s progress.
2. Socioeconomic profile/analysis: Our analyses can shed light on patterns and trends in the makeup of your area’s population, including such factors as employment status, age and sex, educational attainment, race and ethnicity, income, and numerous other variables.

Population and Workforce Studies

The RERI analyzes population and workforce trends to understand internal and external sources of changes. This includes understanding age, gender, and race/ethnicity composition, migration patterns and policy changes. By combining several data sources, the RERI can develop population projections as well as understand future workplace requirements such as occupational skill gaps. Such studies allow for the development of training programs and other initiatives to address these gaps and ensure a prepared workforce and other policies to support population changes.

Other Secondary Data Collection

A wealth of data is available online, but knowing where and how to gather this information can be a challenge. The RERI specializes in data collection, including determining which data is relevant, how to interpret it, and how reliable the data source is. The RERI can bring data from many different sources into an easy-to-digest report for your team and potential clients.

Policy and Program Evaluation

Strong data is key to making informed decisions. The RERI can assist organizations and policymakers by using the most current tools and designs to provide evidence-based policy and program evaluation. We can evaluate programs and policies that are already in place, or we can assist in developing an evaluation strategy that includes definition of metrics and KPIS to data collection and analysis. This ensures that potential proposals are accurate and well-supported, and that you understand the full impact of any program and policies you're considering.

Dashboard Design and Maintenance

Dashboards are powerful tools that can help visualize relevant information. The RERI is equipped with the tools necessary to plan, build and maintain dashboards for your website, enabling you and your stakeholders to make data-driven decisions.

Other Specialized Services

Not seeing what you're looking for? Our team offers other services that are customized towards your business’ needs. We work with faculty and staff at the Lutgert College of Business (and other departments at FGCU) and utilize their expertise to provide these specialized studies.