Top 10 Economic Consulting Services Providers 2024

Economic consulting is vital for governmental bodies, corporations, and other entities in the current intricate economic landscape. Through their proficiency in market analysis, regulatory impact evaluations, and economic prognostication, economic consulting entities aid their clientele in preempting barriers, capitalizing on prospects, and refining operations. The formulation of robust strategies and the attenuation of risks necessitate prompt and precise economic research.

The integration of cutting-edge technologies has facilitated the development of scenario analysis models, which help evaluate the potential outcomes of various economic policies and business strategies. Through data analysis and strategic insights, these models engender a comprehensive understanding of market dynamics, policy ramifications, and economic trends.

The growing demand for sustainable and socially responsible business practices has prompted economic consulting firms to incorporate environmental, social, and governance (ESG) factors into their analysis. By considering the broader impact of economic decisions, consultants are better equipped to advise clients on creating value for their shareholders and society at large.

The economic consulting market has experienced substantial growth and continues to expand, driven by increasing demand for expert analysis and strategic advice in a complex economic environment. As of the most recent estimates, the market size is valued at approximately $40 billion to $50 billion, reflecting its significant role in shaping business decisions and public policy.

In this edition of Business Management Review, we explore the recent developments in economic consulting and how companies harness cutting-edge technologies to offer top-notch services.

We feature insights from industry expert Jason Obradovich, Chief Investment Officer of New American Funding, who focuses on contributing to local communities and economies by providing financial support, affordable services, and job creation through new or existing businesses. We also include perspectives from Elizabeth Ferrell, Assistant Corporate Controller at The Kroger Co, who emphasizes inward improvement and job satisfaction.

In this edition featuring the Top Economic Consulting Services Providers in 2024, we aim to help you find the right partner for your business requirements.

Economic Consulting | Business Management Review

Economic Consulting - 2024

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IO.INC

Amid economic and geopolitical fluctuations, IO.INC serves as a beacon for organizations, offering data-driven growth strategies. The company excels in navigating complex economic landscapes, delivering impactful results through industry expertise and foresight, making it a trusted partner for success.

We work with organizations to develop strategies that build on their strengths to seize growth opportunities and create detailed roadmaps for enduring competitive advantage

Ioanna Morfessis, Ph.D., President
IO.INC

Amid economic and geopolitical fluctuations, IO.INC serves as a beacon for organizations, offering data-driven growth strategies. The company excels in navigating complex economic landscapes, delivering impactful results through industry expertise and foresight, making it a trusted partner for success.
We work with organizations to develop strategies that build on their strengths to seize growth opportunities and create detailed roadmaps for enduring competitive advantage

Ioanna Morfessis, Ph.D., President
Kairos Development

Kairos Development is a minority and women-owned real estate development and consulting firm specializing in custom, quality housing solutions and redevelopment initiatives with a mission to improve the circumstances of underserved neighborhoods. It offers management and capacity-building services to organizations and faith-based nonprofits to secure financing and hire third-party professionals for project completions.

Our mission is to seek and foster economic investment in the under-resourced communities of color throughout the Baltimore-Washington Metropolitan area

Vonnette Harris, Founder and President
Kairos Development

Kairos Development is a minority and women-owned real estate development and consulting firm specializing in custom, quality housing solutions and redevelopment initiatives with a mission to improve the circumstances of underserved neighborhoods. It offers management and capacity-building services to organizations and faith-based nonprofits to secure financing and hire third-party professionals for project completions.
Our mission is to seek and foster economic investment in the under-resourced communities of color throughout the Baltimore-Washington Metropolitan area

Vonnette Harris, Founder and President
KMK Consulting Company

KMK Consulting Company offers specialized services to economic development organizations, Chambers of Commerce, and governmental entities. Its focus is on governance, organizational design, leadership assessment, consensus building, strategic planning, and capital formation. The company’s approach emphasizes broad inclusion and senior business leadership.

Our operations are built on mutual trust and respect. We follow our clients every step of the way to bring outstanding results, no matter how and where they’re going

James J. McGraw, Jr., President & CEO, Thomas G. Seward, Jr., Managing Director, Ian M. Smith, Director and Brandon E. Simmons, Managing Director
KMK Consulting Company

KMK Consulting Company offers specialized services to economic development organizations, Chambers of Commerce, and governmental entities. Its focus is on governance, organizational design, leadership assessment, consensus building, strategic planning, and capital formation. The company’s approach emphasizes broad inclusion and senior business leadership.
Our operations are built on mutual trust and respect. We follow our clients every step of the way to bring outstanding results, no matter how and where they’re going

James J. McGraw, Jr., President & CEO, Thomas G. Seward, Jr., Managing Director, Ian M. Smith, Director and Brandon E. Simmons, Managing Director
Analysis Group
Analysis Group, a global economics consulting firm with over 1,200 professionals, has been providing expertise in economics, finance, healthcare analytics, and strategy to top law firms, Fortune Global 500 companies, and government agencies worldwide since 1981.
Analysis Group

Analysis Group, a global economics consulting firm with over 1,200 professionals, has been providing expertise in economics, finance, healthcare analytics, and strategy to top law firms, Fortune Global 500 companies, and government agencies worldwide since 1981.
Bates White
Bates White provides advanced economic, financial, and econometric analysis to law firms, companies, and government agencies. Its goals are to exceed client expectations, share interests, grow careers, and contribute to the community by fostering collaboration across practices and job levels.
Bates White

Bates White provides advanced economic, financial, and econometric analysis to law firms, companies, and government agencies. Its goals are to exceed client expectations, share interests, grow careers, and contribute to the community by fostering collaboration across practices and job levels.
Compass Lexecon
Compass Lexecon is a global economic consulting firm that utilizes economic theory and empirical evidence to offer critical insights to law firms, corporations, and government clients on legal and regulatory proceedings, strategic decisions, and public policy debates.
Compass Lexecon

Compass Lexecon is a global economic consulting firm that utilizes economic theory and empirical evidence to offer critical insights to law firms, corporations, and government clients on legal and regulatory proceedings, strategic decisions, and public policy debates.
Econ One
Econ One’s top-tier economists, with extensive industry experience and the ability to analyze data and documents, are skilled in applying economic theory to real-world problems, combining theoretical and empirical analyses, and understanding case facts.
Econ One

Econ One’s top-tier economists, with extensive industry experience and the ability to analyze data and documents, are skilled in applying economic theory to real-world problems, combining theoretical and empirical analyses, and understanding case facts.
Edgeworth Economics
Edgeworth Economics is a top economic consultancy specializing in Antitrust, Class Certification, Consumer Protection, Intellectual Property, and Labor and Employment. It provides expert testimony and analysis to law firms and companies facing highstakes challenges.
Edgeworth Economics

Edgeworth Economics is a top economic consultancy specializing in Antitrust, Class Certification, Consumer Protection, Intellectual Property, and Labor and Employment. It provides expert testimony and analysis to law firms and companies facing highstakes challenges.
ESD
ESD is a design firm that prioritizes client needs and fosters a safe communication, innovation, and collaboration environment. It is committed to sustainability using fit-forpurpose approaches and ensures the health and safety of its employees and clients.
ESD

ESD is a design firm that prioritizes client needs and fosters a safe communication, innovation, and collaboration environment. It is committed to sustainability using fit-forpurpose approaches and ensures the health and safety of its employees and clients.
Lee Enterprises Consulting
Lee Enterprises Consulting’s mission is to connect clients with a network of passionate experts in bio-based and renewable processes. It provides comprehensive, single-source assistance for all needs in the bioeconomy, ensuring expert support and practical solutions.
Lee Enterprises Consulting

Lee Enterprises Consulting’s mission is to connect clients with a network of passionate experts in bio-based and renewable processes. It provides comprehensive, single-source assistance for all needs in the bioeconomy, ensuring expert support and practical solutions.