Cambridge Econometrics

Cambridge Econometrics led an economic development impact study for the Massachusetts Downtown Initiative Program to understand the economic impacts of The Hudson Business Improvement District (BID), an organisation established in 2018 working to improve and support the transformation of Downtown Hudson making it an attractive place to live with vibrant businesses and attractions. In collaboration with consultant Ann Burke, Cambridge Econometrics developed a Theory of Change Impact Framework to quantify the outputs and impacts of BID. This first-of-its-kind impact assessment demonstrates the benefits to property owners who pay into the initiative, supports the BID's recertification and informs future plans. It serves as a pilot methodology for other BID areas and future evaluations in Hudson. ➡️ 83% of businesses report a positive impact from the BID ➡️ 12% increase in visitor numbers and 13% increase in visits ➡️ Positive impact on job creation in the area Find out more about the study here - https://bit.ly/3FAjI2Y Dan Hodge Jennifer Maria Carvajal

Updated analysis by Cambridge Econometrics for the Appalachian Regional Commission (ARC) highlights the shift in key export-oriented industries in the Appalachian region. The region's evolving industrial landscape now includes seven key clusters, and this report examines the key economic characterises of all of them and identifies important trends, such as the changing transportation infrastructure needs and the decline in rail transportation of coal. The findings from this analysis will aid policymakers in developing effective strategic economic development plans for the region in the future. ➡️ Appalachia's export industry clusters have changed over the years with greater emphasis on electronics, chemicals, machinery, and transportation equipment. ➡️ These clusters account for 15% of employment and generate 85% of foreign exports ($102 billion). ➡️ Appalachia’s exports reach Canada, Europe, Eastern Asia, and Mexico using multimodal transport: trucking, seaports, and airports. ➡️ Major airports outside the region and general aviation airports are crucial for air exports. ➡️ Inland ports are key for global connections, with rail transport growing for electronics and motor vehicles. Find out more and download the report here - https://bit.ly/4bGnvYw Dan Hodge Brendan Cox

Congratulations to President & CEO of the Western Massachusetts Economic Development Council Rick Sullivan, on a decade of successful leadership and service!   We're proud to have been part of the Western Massachusetts Economic Development Council's journey over the past ten years contributing to the region's growth and innovation. Great to see the lasting positive impact that our transformative economic investment strategy with MassINC has had in the region.    As Rick says, 'I've been in the public sector for over three decades, and I can say that report generated more enthusiasm, interest, inquiries and momentum than I’ve ever seen.'   ➡️ Read the Annual Report: https://bit.ly/4bH4Prt ➡️ Download our White Paper: https://bit.ly/4hJl48O Dan Hodge

Excited to share that the "Bigger. Better. Texas." Economic Development Strategic Plan is now live! This statewide economic development strategy, developed in collaboration with Guidehouse, provides a forward-looking, data-driven roadmap for strengthening Texas’ economy. A huge thank you to Guidehouse for their leadership and partnership in bringing this vision to life! Proud that Cambridge Econometrics played a key role contributing on: 1) Developing the methodology to identify high-potential industry sectors and clusters. 2) Analyzing economic trends in employment, GDP, and exports by sector to inform policy decisions. 3) Forecasting industry cluster growth to align with Texas’ long-term economic goals. This plan equips Texas with a powerful framework to foster innovation, attract investment, and create opportunities for businesses and communities across the state. Read more: https://lnkd.in/etJsZrKq #EconomicDevelopment #TexasGrowth #DataDrivenStrategy #CambridgeEconometrics #Guidehouse Ann (Furbush) Ormsbee Shaun Fernando Holly Lewis Cambridge Econometrics

Join us this Wednesday for the virtual report launch of Decent Work in Nature-Based Solutions 2024!   In collaboration with the International Labour Organization, UN Environment Programme and IUCN, Cambridge Econometrics provided updated estimates for global employment in Nature-based Solutions (NbS).   This 2024 edition offers more accurate and detailed insights to improve understanding of NbS in the workforce, aiming to support the development of policies that promote decent work and sustainable, inclusive economies and societies.   Find out more and register below ⤵️   Jennifer Dicks Cornelia-Madalina S. Eva Alexandri Robin Lechtenfeld Francisco Arsénio

Cambridge Econometrics’ new research on the export-oriented industries and industry clusters in Appalachia provides an up-to-date look at the region’s evolving industrial landscape and its role in the global economy. Initiated by The Appalachian Regional Commission (ARC), this study identifies seven key export-oriented industry clusters in the region and explores their economic characteristics—examining the ports most frequently used for exports, key trading partners, and the latest freight trends. A deeper understanding of these industry clusters will help policymakers develop effective, data-driven economic development strategies for the region. Download the full report here ➡️ https://bit.ly/41wcHau Dan Hodge Ann (Furbush) Ormsbee Brendan Cox Alexander Frost

What role can public policy play in delivering a just transition to net zero for the most vulnerable in society?   Reflecting on last week's Seventh Carbon Budget by the Climate Change Committee, Deputy CEO Jon Stenning shares his thoughts on the detail and care that will be required in developing policies that achieve the UK's carbon targets by 2050 whilst also not disadvantaging the most vulnerable in society.  ➡️ making sure that low carbon technologies are accessible to low-income households, both in terms of affordability and ensuring incentives are aligned to get them into rented properties    ➡️ ensuring that households are able to benefit from the increased rollout of low-carbon electricity generating technologies onto the grid #CB7 #CarbonBudget #ClimateChange #NetZero #UKDecarbonisation Jennifer Dicks Simone Cooper-Searle, PhD

▶️ Now available to watch on YouTube: Welcome to STAS: Europe's new tool for short-term anticipation of skill trends and VET demand! If you missed the live event, you can now watch our Head of European and Global Economic and Social Policy Cornelia-Madalina S. discuss how the short-term forecasts for Cedefop STAS were created and share insights into the latest projections for the EU labour market for 2024 and 2025 ⤵️

Next week, I'll be in a panel for this year's Green Transition & ESG Conference organised by Portfolio Conferences. I'll be speaking about insights and expectations for 2025 in the rapidly changing geopolitical environment for the energy transition. Find out more about the event and register here ➡️ Green Transition & ESG Conference. https://lnkd.in/dxG7Y6sb Peter Toth Dr. Barnabas Acs, Ph.D. Tamas Moro Balázs Bozsik Ákos Lukács Zsófi Tomaj

Some thoughts from me on implications for the economy as a whole from the 7th Carbon Budget, published yesterday. There's lots to do in the coming years to keep the UK on track for decarbonisation by mid-century - and we need to make sure that it's delivered in a way which can help to accelerate the UK's economic growth, and that the benefits are shared across the population.