Buying Local: Incorporating IMPLAN Multipliers in Procurement Decisions

What to Expect

Live Webinar | Thursday, April 16 at 1 p.m. ET | 60 Minutes

How should public agencies think about “buying local”? And how can economic impact data help inform procurement decisions in a more rigorous, defensible way?

Join Professor Todd Schmit of Cornell University and IMPLAN’s Bjorn Markeson, Ph.D., for a practical webinar based on recent research examining how IMPLAN multipliers can be incorporated into procurement and sourcing decisions.  

This session bridges academic research and real-world application, showing how economic theory translates into policy and purchasing decisions at the state and local level.

Professor Schmit will walk through the academic foundations of his work, including key concepts, methodology, and findings from his paper.

Following, we will discuss how this approach is being applied by state and local governments across New York, including practical considerations, challenges, and opportunities.

In this session, you’ll learn:

• How IMPLAN multipliers can inform procurement decisions - Understand how local purchasing decisions can be evaluated using economic impact modeling.
• The academic framework behind “buy local” strategies - Explore the research and methodology behind incorporating regional economic effects into decision-making.
• How governments are applying this approach in practice - See how state and local agencies in New York are using these insights to guide procurement and policy.
• Key considerations for implementation - Learn what to consider when applying this framework in your own organization or region.

If you are involved in procurement, policy, or economic development and want to better understand how to quantify the impact of local purchasing, this webinar will provide a clear, research-backed approach.

Reserve your spot for Thursday, April 16, at 1 p.m. ET to learn how IMPLAN multipliers can support smarter procurement decisions.