Recent Release | 24 Oct 2024
The Socioeconomic Impacts of Employer Investments on Local Communities
Economic Consulting Team
Oxford Economics
Oxford Economics has undertaken a ground-breaking research programme to shed new light on how a new major employer can transform a host community.
Using data on large investments in US counties and socioeconomic outcomes, we have quantified how these investments can influence a community’s well-being. The results tell a compelling story – large employer investments don’t just bring jobs; they inject economic dynamism into the local economy. The benefits are diverse, from increased entrepreneurial activity to better job market participation and improved prosperity for workers. We even found broader social effects, such as shifts to private healthcare insurance and a lower violent crime rate.
In essence, our research demonstrates that new large businesses contribute significantly to the well-being of the communities they enter. These investments foster shared prosperity, enhance social connections, and create lasting positive effects. Furthermore, our findings show that these benefits are not short-lived but continue to grow over time.
Download the report to find out how we approached this research and to gain valuable insights into the long-term impact of large employer investments on local communities.
The experts behind the research
Our Economic Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Laurence Wilse-Samson
Lead Economist, Economic Impact
Boubacar Drame
Head of Econometric Methods, Economic Impact
Luke Miller
Lead Econometrician, Economic Impact
Tags:
Recent Economic Impact reports
Airbnb’s Economic Contribution to APAC in 2024: GDP, Jobs, and Regional Impact
Airbnb's platform connects hosts across Asia Pacific (APAC) with travellers from around the world. Oxford Economics was commissioned by Airbnb to quantify its economic footprint in 10 APAC markets in 2024.
Find Out More
Unlocking Economic Growth in Regional Australia Through Digital Delivery
Oxford Economics Australia delivered an independent economic impact assessment for Uber Eats, quantifying additional revenue for restaurants, GDP contribution, and consumer wellbeing benefits across 67 new regional markets.
Find Out More
Demonstrating Babcock’s Value to Australia’s Economy and National Resilience
Oxford Economics Australia provided Babcock with a comprehensive, independent analysis quantifying its total GDP, employment, tax, and socio-economic contributions across Defence and Civil sectors, SME engagement, and state-specific impact modelling.
Find Out More
New Rules of Engagement: The Strategic Rise of Government Affairs in Asia
What’s behind Asia’s new era of policy assertiveness? What does it mean for international firms?
Find Out More