economic studies are "tools" which communities
use to build stronger local economies. Written in an understandable
community and business leaders can immediately fully understand the
condition of their local economy and follow a logical path to improve the
Typically created for economic
development organizations, county, state and regional governments, and
Chambers of Commerce, the series of studies are used to plan the economic future for an area.
POLICOM has created more than
200 studies for communities, state
associations, and private businesses which address the condition of a local
or state economy and how to improve it.
The core studies, beginning with the Historical, Comparative Economic Analysis,
are linked providing a step by step process from understanding the economy to
verifying if you are improving your economy.
Specialty studies can also be created which address a specific issue or problem
faced by an area.
The following is a brief description of POLICOM's core studies.
Much more than an
economic analysis but less than an expensive comprehensive strategic plan,
the Community Economic Opportunity Plan clearly lays out what is needed to
improve the economic quality of life for your residents, increase revenue
for local government, and expand the marketplace for local businesses.
study combines parts of POLICOM’s root
studies into one comprehensive, easy-to-follow booklet upon which
communities can focus their economic development program.
By providing economic
projections and three growth scenarios, your community can decide how
successful it wants to be. From this study, economic development
organizations can explain to the community what it will take to improve
the economy and how it will benefit everyone.
Download a sample study.
- Comparative Economic
Discover the true
essence of your local economy, is it growing or
declining and what is causing this to happen.
The analysis presents
a 25-year economic history of the area, visually and numerically, so
you can quickly understand where the economy was in the past, and where it
is today, and how it compares to the rest of the nation.
Download a sample PDF of
an entire study.
Section 1 presents the existing
composition, impact, and history of several important economic categories.
By viewing the charts and graphs provided, you can quickly discern
the most important factors influencing your area.
Section 2 examines the “Level of the
Economy” by studying the growth in the “quality and size” of the economy
as it influences the economic quality of life for the people living and
working in the area. Your area is visually compared to
the strongest and weakest local economies in the United States to
determine your relative improvement.
Section 3 compares the growth rate and
economic importance of more than 70 items over several time periods to the
rest of the nation and several other areas. You will be able to
immediately discover short and long-term trends and shifts in the
importance of various economic sectors.
Most importantly, the data for your area is compared to
the USA, your state, and three areas of your choosing.
A study can be created for any metropolitan area, micropolitan area, or
county. Sorry, data is not available at the city level.
Want more information about a Historical, Comparative Study, email here.
Economic Development Goal
Don’t let chance
determine your area’s economic future. Set an economic goal with annual
employment and wage milestones, which, when achieved, will increase the
size and improve the quality of your economy.
This study determines
where your economy was in the past, where it is today and why, and where
it is likely to go if nothing is done to influence its future.
After the projections
are created, a reasonable, achievable goal is established. POLICOM pours
money into the economy by way of the creation of new, primary industry
jobs. The economic impact of these jobs is calculated and the
economic goal is established.
Annual milestones for
the number of new, primary jobs are created which provide the community
with realistic stepping stones, a ladder to climb, which will result in a
Target Industry Study
Community Economic Development
the information gathered in its studies (Historical,
Goal, Target) and with the input of community
leaders, POLICOM creates a step-by-step program
which implements a comprehensive economic development program for the
An "Economic Summit" is held which produces important
ideas and opinions from the community regarding the strengths and weaknesses
of the area and the most important economic issues facing the area. A
special workbook is provided
to each attendee prior to the event.
The geographic economic
assets and liabilities of the area are examined and recommendations are made
for what needs to be done on an annual basis to build a strong economy.
Economic Development Performance
The Flow of
Money is a 24 page booklet written to assist community leaders in
understanding the nature of their local economy. It presents the
“basics” on what every community needs to do to cause a growing
economy or to stop decline.
The booklet explains how money flows into and out of a community, how primary
industries create wealth for an area, and which industries a
community should focus upon to cause economic growth.
It is in essence "Economic Development 101."
You are welcome to
download the PDF version of The Flow of Money, distribute it to
your community electronically or have your local printer create
POLICOM does not
have pre-printed versions available. Your local printer should
be able to provide you with a quote for a limited printing for your
board of directors or local elected officials from the PDF.