Over the years, the Regional Economic Studies Institute (RESI) has worked on an array of projects ranging from traditional economic impact analyses to workforce analyses and various survey analyses. In addition, RESI has been responsible for providing the State of Maryland Comptroller with a quarterly economic forecast as well as providing the Maryland Department of Human Resources and the Maryland State Department of Education with regular research, analyses and reporting. Below is a brief list of just some of the services RESI can provide. Feel free to contact us directly to discuss your specific needs.
Economic analyses and forecasting examine some factor(s) of the overall economy or particular sector(s). These reports incorporate predictions and estimates of anticipated future behavior in economic activity and can serve as a starting point for economic planning. An example of relevant work previously conducted by RESI is the regularly released Regional Economic Studies Institute (RESI) Maryland Economic Forecast, which provides an overall economic outlook and a sectoral overview of selected industries as well as forecasts within those industries.
Economic impact studies analyze a proposed business decision in regard to its net effect on the greater economy, generally at the local and/or state level. At times, such studies may also analyze a business decision that has already been made in order to review its level of success and/or provide recommendations or modifications. An example of relevant work previously conducted by RESI is an economic analysis of the proposed Columbia Gateway Business Park conducted on behalf of the Howard County Economic Development Authority (HCEDA).
Fiscal impact analyses estimate the net financial impact on government (generally state or local) in terms of associated costs and tax revenue. An example of relevant work previously conducted by RESI is a fiscal impact analysis of the proposed Susquehanna Overlook Residential Development conducted on behalf of Susquehanna Overlook LLC.
Cost of services analyses examine the annual operation costs of a proposed business decision or development that must be assumed for each new household that results from the operations phase. An example of relevant work previously conducted by RESI is a cost of services analysis of the proposed Susquehanna Overlook Residential Development conducted on behalf of Susquehanna Overlook LLC.
Statistical analyses provide and examine econometric models which explore the statistical relationship between various economic variables or principles in relation to economic behavior.
Workforce and commuter analyses report statistics that illustrate the overall employment profile history and current industry trends of a selected region as well as provide applicable recommendations. An example of relevant work previously conducted by RESI is the State of the Workforce Report conducted on behalf of the Governor’s Workforce Investment Board as well as the Western Maryland Laborshed Study conducted on behalf of the Tri-County Council of Western Maryland.
Survey analyses report and examine the detailed statistical findings from administered surveys. Such reports can provide a more in-depth and informative analysis of economic objectives or queries as respondents are typically directly or indirectly involved or affected by, or have expertise in the relevant subject. An example of relevant work previously conducted by RESI is the Maritime Industrial Zoning Overlay District Study conducted in conjunction with Hentschel Real Estate Services on behalf of the Abell Foundation.
BRAC analyses and recommendations examine the estimated economic and fiscal impacts of the 2005 Base Realignment and Closure (BRAC) decisions on the state economy or particular economic sector(s). These reports provide clients with recommendations in regard to areas in need of expansion or improvement to meet and benefit from the evolving needs relating to the BRAC decisions. An example of relevant work previously conducted by RESI is the BRAC Small and Minority Business Opportunity Study conducted on behalf of the Governor’s Office of Minority Affairs.
Business Process Consulting and Technical Writing helps organizations communicate effectively. The documentation usually includes both narrative and visual depictions of a particular process, with just enough detail to meet the needs of the reader. The documentation process involves; reviewing existing documentation, interviewing persons with knowledge of the process, researching other methods to learn why the process is needed as well as how it is structured, and working closely with employees to further learn about the process. RESI has expertise in creating a wide variety of document formats that are developed with the target audience in mind.
Division of Innovation & Applied Research
RESI
Office Location: 7400 York Road, Suite 200
8000 York Road | Towson, MD 21252 | 410-704-2000
Over the years, the Regional Economic Studies Institute (RESI) has worked on an array of projects ranging from traditional economic impact analyses to workforce analyses and various survey analyses. In addition, RESI has been responsible for providing the State of Maryland Comptroller with a quarterly economic forecast as well as providing the Maryland Department of Human Resources and the Maryland State Department of Education with regular research, analyses and reporting. Below is a brief list of just some of the services RESI can provide. Feel free to contact us directly to discuss your specific needs.