Welcome to Illinois Economics Consulting (IEC)
Illinois Economics Consulting (IEC) is a student-run consulting organization at the University of Illinois at Urbana-Champaign. IEC offers pro bono economics-centered analyses and services to nonprofits, businesses, and government agencies, delivering tailored solutions through economic analysis and econometrics.
Beyond our client work, we engage in internal research projects, focusing on writing papers and conducting economic analyses of policies, including their impacts and implications. We provide our members with essential training in economic tools and principles so that they are equipped to handle any task at hand.
Since we are a first-year organization, we will be focusing more on providing our members with the proper tools and knowledge to tackle consulting tasks. Our main project for Fall 2024 will focus on a research project with the help of Professor Humberto Martinez-Garcia.
Current Projects
Investigating the Impact of the CHIPS and Science Act 2022 on Midwest Economies
Since its enactment in 2022, the CHIPS Act has provided substantial subsidies and funding to strengthen the U.S. semiconductor industry. The Midwest, home to leading universities in semiconductor research and semiconductor companies benefiting from the Act, has seen direct and indirect economic impacts.
This project aims to analyze the effects of the CHIPS Act on the economies of Midwest states through comprehensive economic analyses, examining how this legislation continues to shape the region’s industrial and economic landscape.
About Us
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Consulting – Our main goal is to support and empower local businesses, nonprofits, and organizations by providing data-driven economic insights, actionable recommendations, and tailored solutions to real-world challenges.
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Research – An important pillar of being able to provide economic insight is being able to research economic impact and provide evidence. We provide an avenue for students to get involved in unique and innovative topics.
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Orientations – Not everyone has an economics background or a consulting background. No worries! IEC is an inclusive space, and we provide our members with all of the tools, training, and resources to succeed and make meaningful contributions.
