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Economic Development
Understand your markets and stakeholders more deeply to hone demographic alignment, unlock new growth, stay compliant, and reduce risk.
Explore our Case Studies:
Economic Development
Understand your markets and stakeholders more deeply to hone demographic alignment, unlock new growth, stay compliant, and reduce risk.
Explore our Case Studies:
Regional Economic Development Fund
Scenario
Economic development fund governed by a public-private partnership seeking to report performance and impact
Client Challenge
CEO of a $2B regional economic development fund is spending over $500K annually on impact reporting, but is not achieving an automated approach for audits/ regulatory reporting or data that provides an understanding of how their fund/region is benchmarking compared to peer cities.
EQ Solution
EQ Opportunity Index dashboards provide a detailed view of the the fund’s region from a socioeconomic standpoint compared to peer cities. Data and insights will enable fund leaders to achieve more actionable insights to drive better performance and reduce the $500K annual spend on reporting.
A dashboard that optimizes decision making
Understand economic impact
View of fund’s impact on diverse businesses in the context of the broader regional economy by industry to see current state metrics and opportunity for future initiatives.
Actionable insights
Focus future investments based on analysis of highest growth industries in terms of revenue and payroll impact, percentage of diverse businesses, and current portfolio mix.
Benchmark and track
Compare city to broader region and peer cities in other states, evaluating rich socioeconomic impact metrics such as business diversity, workforce readiness, employment rates, pay equity, and home ownership.
Turn insights into action and impact!
Understand your position
needed to automate stakeholder reporting.
Define clear KPIs
based on peer cities metrics and local socioeconomic dynamics.
Update investment strategy
based on understanding of growth landscape.