IMPLAN Group LLC Acquires MIG, Inc.; Moves Headquarters to Charlotte Area and Creates Jobs

IMPLAN® System Has Helped Users Estimate Economic Impact For 30+ Years

Jul 29, 2013, 13:00 ET from IMPLAN Group LLC

DAVIDSON, N.C., July 29, 2013 /PRNewswire/ -- IMPLAN Group LLC today announced the completed acquisition of MIG, Inc., the sole-source provider of the IMPLAN® (IMpact analysis for PLANning) economic impact modeling system. The company also announced a headquarters relocation from Hudson, WI to Davidson, NC just outside Charlotte, where it will add as many as nine high-salary positions by end of year and 15 more in 2014. IMPLAN Group currently has 15 employees.

"Constantly receiving accolades as a great place to live, work and play, the Charlotte-area is central to the talent and resources we need to grow the company," said Charlie Rice, CEO of IMPLAN Group, who lives in Davidson.  "It's a hot market on the move and we want to capitalize on that momentum."

IMPLAN® is used to create complete, detailed, multi-regional Social Accounting Matrices (SAMs) and Multiplier Models of economies ranging from national to state, county or ZIP-Code levels. IMPLAN Group provides software tools, region-specific data, and technical support to enable users to make in-depth examinations of state, multi-county, county, sub-county, and metropolitan regional economies.

"As the nation's leading authority for information needed to perform economic impact studies, we will continue to improve on the current IMPLAN system while developing new tools to help users at all decision-making levels analyze a challenge or problem," said Rice.   

IMPLAN clients range from federal agencies and municipalities to economic development consultants, private investors and chambers of commerce.

"IMPLAN gives us the bigger picture on the potential impact of a project," said Heidi Reiber, director of research for the Asheville Chamber of Commerce's Economic Development Coalition, who has used the system for the past five years. "Knowing estimated number of additional jobs, labor income and tax revenue for a new business, expansion or retention opportunity helps us make more informed decisions. 

Examples of IMPLAN at work in the Charlotte region include studies related to the economic impact of the 2012 Democratic National Convention, motorsports industry, sporting events as well as the film and video production industry.  In the Carolinas, the IMPLAN system was used and cited in research related to the economic impact of a major North Carolina healthcare provider and South Carolina's automotive cluster.

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