Economic Development Recovery and Resiliency Playbook - Flipbook - Page 50
Several vendors develop and market input-output models. These include standalone modeling applications from IMPLAN, REMI,
and REDYN, as well as integrated applications from EMSI and JobsEQ that are built into their multifunction web platforms.58, 59, 60
The Bureau of Economic Analysis also sells its own table-based, input-output model that is more rudimentary in its functionality,
but more cost efective than other options.
Figure 4.2. Example of Supplier Purchase Pattern
Description
Total Purchases
Total Commodity Demand
Regional Purchase
Percentage
Regional Purchases
$26,173,600,496
78.4%
$20,530,722,920
Insurance
$2,988,140,041
53.0%
$1,583,490,790
Real estate
$1,873,291,503
100.0%
$1,873,183,977
Other financial investment services
$1,833,651,033
100.0%
$1,833,425,887
Pharmaceuticals
$1,621,517,879
69.9%
$1,133,978,179
Employment services
$1,367,960,125
98.6%
$1,348,563,341
Wholesale trade distribution services
$1,328,315,077
100.0%
$1,327,972,572
Management consulting services
$1,202,569,762
73.8%
$887,202,501
Other ambulatory health care services
$847,302,628
99.7%
$844,564,447
Legal services
$685,226,207
99.0%
$678,228,674
Surgical and medical instruments
$650,704,338
50.6%
$329,199,370
In-vitro diagnostic substances
$626,733,835
48.9%
$306,571,872
Surgical appliance and supplies
$542,526,983
25.4%
$137,609,388
Source: IMPLAN
Note: The figure shows the purchase pattern for California hospitals, using a 2016 statewide dataset.
Other Business Development Information
Other types of useful data include land and building inventory, zoning and land use designations, industry and economic
information, and location-based data.
Land and Building Inventory
The amount of vacant land and the inventory of buildings represent the real estate assets that a community can leverage for
business development. The extent to which these assets can be used to attract, expand, or retain businesses depends on many
factors, most notably the type, location, availability, and suitability of the available land or building space.
To identify local development trends, commercial real estate brokerages ofen issue quarterly reports that track the vacancy
rates for ofice, industrial, commercial, and/or research and development spaces, as well as the total inventory for these types of
uses. Commercial brokers, such as Colliers International and CBRE, provide free, downloadable reports for markets throughout
California, while other entities such as Costar produce more detailed market reports on a subscription basis. Some city and
county departments and EDCs proactively track the available business spaces. Commercial broker contacts and posted listings
on brokers’ websites can also provide real-time indicators of the existing inventory. In dynamic situations, such as disaster
response, this information provides an early indicator for changes to local market conditions.
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59
60
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https://implan.com/application/
https://www.remi.com/models/
http://www.redyn.com/Home.aspx
CALED | Economic Development Recovery and Resiliency Playbook
