1. Performance Metrics for Success
IMPACT DATASOURCE w/
Amanda Regan – E Smith Realty Partners
July 2016

2. About us
Impact DataSource is an economic consulting firm based in Austin, TX. We are economic and fiscal impact specialists with 20+ years of experience in economic development.
Paul Scheuren
Principal, Economist
Nicole D’Souza
Business Development Manager
© 2016 IMPACT DATASOURCE

3. Joining us today
Amanda is E Smith Realty’s Vice President of Site Selection and Research. Amanda focuses on providing clients with expertise in site selection services, incentive negotiations and real estate site procurement.
© 2016 IMPACT DATASOURCE

4. Agenda Data for Attraction vs Data for Operation
New IEDC EDRP data doc
A New Standard: Achieving Data Excellence in Economic Development
Site location perspectives on data in ED
Evolving role of Data in ED
EDO Performance Report
The “What have you done for me lately” Report
© 2016 IMPACT DATASOURCE

5. Data Standards for EDOs
In 2016, are they even relevant?
Why bother – data is everywhere
How do site selectors get and use data?
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12. Site Selection Data Q&A
When in the process and at what level do you reach out to an EDO?
State, Local, Regional
What’s the most important data an EDO can provide?
What data usually gets left out more than others when EDOs respond to RFPs?
What effect does this have? What is the gain from providing it?
© 2016 IMPACT DATASOURCE

13. Site Selection Data Q&A
According to IEDC, 16 % of organizations use the data standards
Does this surprise you based on experience?
EDOs listed the following as important data that is usually not collected
access to broadband internet,
outsiders’ impressions of community,
export and trade activity,
job openings per sector,
jobs filled by college graduate in the community,
value added per employee,
ratio of housing price to income,
percent of locally owned businesses,
improvement in region’s “competitive position” in the global economy.
Is it important? Make or break a deal?
© 2016 IMPACT DATASOURCE

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15. Paul’s take IEDC Data Doc
Why are we even talking about ED Data standards – isn’t data everywhere?
Some critical data isn’t available – sites and utilities
EDOs need to know how the data portrays the community
Is data only about site selection / attraction?
EDOs need and use data for attraction AND operation
Is the research doc too nerdy?
Nope, good mix of information that is digestible and accessible but with enough detail to direct future efforts if desired.
new-iedc-edrp-data-standards/
© 2016 IMPACT DATASOURCE

16. EDO Operations Data Economic Impacts Fiscal Impacts Incentive Analysis
© 2016 IMPACT DATASOURCE

17. One Project at a Time
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18. EDO Performance Report
Roll Up Several Reports
EDO Performance Report
© 2016 IMPACT DATASOURCE

19. EDO Performance Report
One year or several years of EDO activity
Summarized in aggregate
Compare to community’s investment in ED
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23. Contact us Paul Scheuren 512.524.0892 paul@impactdatasource.com
Nicole D’Souza
Amanda Regan
© 2016 IMPACT DATASOURCE