Economic Impact Analysis

Strategic Economic Development

Feasibility Studies

Forensic Economics

NorthStar Economics' focus on strategic economic development includes specific expertise in the field of rural economic development.  Rural areas face particular challenges in the New Economy, including limited resources, lower population density, and fewer of the career opportunities and cultural attractions available in metropolitan areas.  We can examine the challenges and opportunities in rural areas and develop strategic plans to maximize the potential of existing assets for future economic growth. 

Recent projects include a strategic economic development plan for the Town of Saratoga, Wyoming (population 2,000); a study examining health care, entrepreneurship, and investment capital strategies for the eight counties served by the International Trade, Business, and Economic Development Council (ITBEC) of Southwest Wisconsin; and an 18-county region in northeastern Wisconsin, where many of the counties are rural, integrating the rural community assets into the regional strategy; developing the foundation for a federal technology grant application that incorporates rural areas with research centers in New Hampshire; formulating an economic development strategy for a rural Ohio county with nearby university connections and cross-state border collaborations.

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

The International Trade, Business and Economic Development Council of Southwest Wisconsin

NorthStar outlined an economic agenda for the predominantly rural region involving health care, entrepreneurship and investment capital, and organic agriculture.  Additionally, we developed a three year operational plan to guide SW-ITBEC’s efforts in regional economic development.

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"Our experience with NorthStar Economics was very successful.  The study produced was very extensive and the development suggestions resulting from their work have served as a useful framework for our efforts.  The NorthStar team of consultants was very professional and thorough in their work.  The Board fully intends to use the NorthStar report as a framework as we develop and market an industrial park at the Town-owned airport."

                                                              - Mike Glode, Chairman
                                                                Town of Saratoga / Carbon County Impact Joint Powers Board

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