Younger Associates is a nationally known leader in research. The approach our analysts take are always custom to each project. We take pride in not only conducting research with modern research tools, but also utilizing methodology developed in house over the past 30 years to get consistent and conservative results a business can utilize to make confident decisions.
Younger Associates has conducted thousands of economic impact studies across the United States over the past 30 years. The firm’s methodology is utilized in courses at the Economic Development Institute and recognized by the International Economic Development Council. Over the years Younger Associates methodology for performing economic impact analyses has proven to be highly accurate although slightly conservative by design in projecting tax revenue generation.
Younger Associates staff consults regularly with the U.S. Bureau of Economic Analysis on economic impact analysis and the input-output multiplier system. The firm has been involved in the introduction of new multipliers and has participated in workshops and seminars at BEA headquarters in Washington D.C.
The firm has developed economic impact analysis models for several city and county governments and industrial development boards. Younger Associates provides ongoing services to determine the benefit to cost ratio of incentives used to recruit businesses.
Benefit-cost analysis, which may alternatively be called benefit–cost analysis, is a methodical approach to estimating the strengths and weaknesses of alternatives used to determine what options provide the best approach to achieving the desired benefits. Younger conducts these types of analyses to assess the incentives offered by a city or county to determine the benefit to the local economy. Often these analyses are a part of an economic impact analysis that fully assesses the economic activity associated with a new industry locating in a city.
A comprehensive labor market analysis can help position your area to compete in the global economy for the best economic development opportunities and the highest-level jobs. Younger Associates’ Workforce Analysis is like no other. We come into the target region to collect primary data through interviews and surveys that is not available from any other source.
Our Workforce Analysis Services Include:
A workforce profile of the region, including benchmarking to the nation and the state. This profile would include all of the key topics of interest to site selectors and economic development professionals.
Employer and key-influencer interviews (includes educators, staffing services, residential realtors, workforce investment boards and other agencies involved in workforce development) and focus groups conducted throughout the region.
A survey of all employers in the region above a defined employment threshold. This survey would supply data not elsewhere available on how employers view the region’s labor availability, quality, cost, trainability and the effectiveness of the region’s training programs.
A household survey that shows detailed characteristics of the workforce supply, including the underemployed, residents not currently in the workforce but interested in working, dislocated workers and the fully employed. This survey uses methodology that provides a much richer and significantly more accurate and useful assessment than “underemployment” studies based upon telephone surveys or other older methodologies.
The best advertising strategies are driven by precise market intelligence. Demographic analysis opens a window into the people and habits that make up a place. Our expert research team finds the most accurate, up-to-date data on age, race, occupation, salary, family structure and housing status. Younger Associates compiles data from a number of reliable sources, including ESRI, EMSI, Claritas, the U.S. Census Bureau, Bureau of Labor Statistics and the Bureau of Economic Analysis.
Demographic analysis has myriad applications for economic developers, economic development agencies, private industry and commercial business. Economic developers use demographic data to promote their region to site selectors or new industry and to gauge the progress of strategic planning.
Surveys are a highly effective method of gauging individual response to a product or topic. Younger Associates has conducted hundreds of surveys for clients in economic development, private industry and government. We design custom survey instrumentation methodology in order to yield the most statistically valid results. Younger Associates’ approach guarantees a statistically valid sample that is reflective of the region’s full demographic profile (age, race, income, gender, type of employment, non-English speaking, etc.).
We have extensive experience with telephone, direct mail, internet and intercept interview surveys. Each delivery method has its own strengths and weaknesses, and selection often depends on the information to be collected.
You bring the questions. We’ll find the answers.
For certain problems, focus groups allow us to delve beneath the surface of complex questions in a way that exposes valuable insights into group thought and behavior. Focus groups offer the advantage of open-ended inquiry, giving participants the opportunity to share their emotional and intellectual response on a product or topic.
Younger Associates handles scheduling, logistics, screening and recruitment, facilitation, and analysis based on the client’s needs.
If your company or organization is interested in focus group planning, Younger Associates can provide specific details based upon your needs.