Our firm focuses the majority of our economic development consulting services on Micropolitan Statistical Areas. Why?
- There are 551 micropolitan areas which are comprised of 21% of the nation’s counties.
- Micropolitans are labor market areas with at least one urban core of no less than 10,000 population and no more than 50,000 population
- Total population in micropolitan statistical areas can range from around 11,000 to over 200,000
- Pearsall, TX (Frio County) is the nation’s newest micropolitan, having been announced in OMB Bulletin 18-03 in April 2018
- Micropolitans have a significant footprint across the US
The following map shows the footprint of Micropolitans across the US.
How often have you. . .
- Heard a company press on a city or county to make a decision based on their economic impact locally, but without any data?
- Considered incentives for an economic development deal without knowing more than the number of jobs and total investment as given by the company?
- Lacked specific information on the projects your economic development group helped support?
- Had a developer tout the economic benefits of their proposed speculative building, but not have data to back it up?
In every case, it is important to have this data:
- To help prioritize how to invest your resources
- To ensure incentives are based on a ROI to your community
- To prove the effectiveness of your EDO
Our firm helps our clients (cities, EDOs, companies) with the analysis of the economic impact. Relying on RIMS II multiplier data from the BEA, we can help you analyze and determine the direct, indirect and induced impacts of a project (or projects) on jobs, economic output and wages.
Contact us and let us help you determine the impacts of your next project.
On Monday (Jan 7, 2019) we presented the Spencer City Council (Spencer, Iowa) with a final draft of their Economic Development Strategic Work Plan. The plan, developed in conjunction with the city’s Grow Spencer Commission, covers a range of economic development initiatives for the next five years. Check out the plan.
In accepting the final plan, the Spencer City Council unanimously approved a resolution to implement the plan.
Council Approves Grow Spencer ED Plan (KCID-FM)
Toyer Strategic Consultant was in Spencer, Iowa yesterday continuing our work with the Grow Spencer Commission to create Spencer’s new economic development strategic plan. The day concluded with a community forum where David Toyer made a presentation on the economic development planning process, the core planning components within the strategy, some of the targeted industries and a review of the community’s goals. There is more coverage of the forum at The Daily Reporter and KICD AM 1240.
“Spencer is one of the nation’s 550 micropolitan statistical areas,” said David Toyer. “We’re excited to be working with them on a plan to maximize their growth potential.”
Learn more about Micropolitans.
Learn more about the Toyer Framework® and our Micgrowpolitan™ services.