RESI provides a variety of economic and policy analysis. Below is a brief list of just some of the services RESI can provide.
Economic and fiscal impact analysis
Impact studies analyze the net financial impact of a proposed business on the greater economy and the government at the local or state level. Such studies may also analyze a business decision that has already been made to review its level of success or provide recommendations or modifications.
An example of a recently completed economic and fiscal impact analysis is the report regarding the expansion of the Panama Canal for the Economic Alliance of Greater Baltimore.
Workforce and commuter analysis
Sometimes referred to as "labor shed analyses," these studies report statistics that illustrate the overall employment profile history and current industry trends of a selected region as well as provide applicable recommendations.
RESI helped the Economic Development Commission of Hagerstown determine the number of residents that commute outside of the County for work by conducting an out-commuter analysis.
These reports 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 typically directly or indirectly are involved, affected by, or have expertise in the relevant subject.
RESI's Customer and Vendor Survey helped to gauge the economic impact of the City's Farmers' Market for the Baltimore Office of Promotion and the Arts.
Forecasting examines factors impacting the overall economy or particular sector(s) and incorporates predictions and estimates of anticipated future behavior in economic activity. Forecasting can serve as a starting point for economic planning and decision making.
The right research properly applied can help move legislative agendas forward.
The recent successful advocacy for criminal background checks for informal child care providers was aided by RESI research performed at the Maryland State Department of Education. This paper documents a cooperative effort with the advocates of the Maryland Family Network in the halls of Annapolis.
Every policy change has winners and losers. Verifying the probable results of any change in public policy is of crucial importance to any governmental entity. Who benefits and who does not, and by how much, are challenging questions which call on the diverse skill sets of RESI staff.
Review of a policy trend in the Child Care Subsidy Program using only administrative data already collected by the State, thus avoiding time consuming survey techniques. The results provide some telling points in favor of the policy tendency in question.
Division of Innovation & Applied Research
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