Economic Impact Analysis

Rural Economic Development

Feasibility Studies

Forensic Economics

One of NorthStar Economics' primary services is helping communities foster New Economy regional workforce and economic development strategies.  NorthStar has experience and expertise in developing and implementing strategic economic development strategies at the municipal, county, regional, and statewide levels.  NorthStar can analyze the factors affecting the economy to formulate a strategic economic development plan for bolstering the economy in the region.   NorthStar has completed economic development projects in several Midwestern states as well as Wyoming and New Hampshire.

SWOT Analysis

In order to formulate an effective economic development strategy for a particular area, the economists at NorthStar Economics conduct a thorough analysis of the assets available and the challenges facing the region.  This is commonly referred to as a SWOT analysis, as each of the
following factors are analyzed within the context of the regional economy:

• Strengths

• Weaknesses

• Opportunities

• Threats

By analyzing the region in this manner, we are able to assist government officials and economic development organizations in determining where  they should focus their efforts to take advantage of their strengths and seize the available opportunities to develop the economy, while working to overcome the threats and eliminate the weaknesses standing in the way of a more prosperous regional economy.

To review strategic economic development plans that we have prepared, please click here.

Award Winning Results -
The NEW Economic Opportunity Study

The Alliance for Regional Stewardship (ARS) is a national, peer-to-peer network
of regional stewards who
benefit by sharing experiences and working collaboratively on innovative approaches to common regional challenges.

In May of 2005, the Alliance for Regional Stewardship (ARS) awarded the Northeast Wisconsin Coalition on the Regional Economy (NEWCORE) a Regional Stewardship Award for the NEW Economic Opportunity Study.  The annual awards recognize the innovative work of regional alliances and organizations that have demonstrated progress in all four elements of the Alliance’s Principles for Regional Stewardship (collaborative governance, innovative economy, livable communities, and social inclusion) and that have achieved tangible results, increased regional capacity, and shown the potential for sustainability.

The NEW Economic Opportunity Study represents a prime example of NorthStar's work in strategic economic development at the regional level.  For more information about this study, please see our Publications page.  The executive summary and the entire report are also available for download at NEWCORE's web site:

www.neweconomyproject.org.

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