IMPLAN Company Research Report

Company Overview

• Name: IMPLAN

• Mission: "Empower global communities with innovative economic intelligence and modeling solutions for informed decision-making, sustainability insights, and transformative impact."

• Founded: Originally developed in 1976. The Minnesota IMPLAN Group (MIG, Inc.) was formed as an independent corporation in 1993.

• Founders: Developed under the directive of the United States Forest Service.

• Key People: Formerly led by Scott Lindall and Doug Olson during the incorporation as MIG, Inc.

• Headquarters: 16905 Northcross Drive, Suite 120, Huntersville, NC 28078

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: IMPLAN is known for providing a comprehensive economic input-output modeling application that combines data and analytics to empower users with insights into their economic impact.

Products

• IMPLAN Cloud

• Description: A web-based platform that integrates economic data with modeling tools to quantify economic impacts.

• Key Features:

• Accessibility from any web-enabled device.

• Detailed visualizations for compelling reports.

• Comprehensive geographic analyses including ZIP Codes, counties, congressional districts, and states.

• Historical datasets available from 2010.

• Integrative REST API for enterprise applications and analytics platforms.

• IMPLAN Data Library

• Description: A database providing detailed economic data across various dimensions.

• Key Features:

• Includes data on commodities, demographics, employment, industries, and trade flows.

• Data exploration for regions from county to national levels.

Recent Developments

• New Features and Releases:

• 2023: Release of Quick Start Guides, templates, and executive-ready reporting; expansion of API offerings.

• 2022: Launch of Canadian, International, and enhanced demographic data sets (DEI).

• 2021: Introduction of environmental data, a data library, and the first external API.

• 2020: Integration of occupation data.

• 2018: Release of the advanced IMPLAN web application.

• Partnerships:

• Collaborated with TREDIS to expand economic impact assessments in transportation.

• Long-standing partnership with Mid-Continent Regional Science Association (MCRSA) for biennial conferences, fostering research and training workshops.

• Notable Achievements:

• Over 900 customers with ongoing enhancements to international and US IMPLAN Cloud offerings anticipated for 2024.

• Successful completion of a SOC 2 audit as of February 2024, indicating strong data security and privacy measures.

This report provides a detailed insight into IMPLAN's operations, highlighting its historical significance, innovative approach, and recent achievements in the realm of economic modeling.