Name

TEConomy Partners

Legal name

TEConomy Partners LLC

Website

https://teconomypartners.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Economic Development Consulting

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Sustainability & ESG Consulting (BPAHACAK)

Keywords

• Economic development consulting
• Innovation strategy research
• Economic impact analysis
• Industry cluster benchmarking
• Workforce development advisory

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Consulting and Advisory Services: Professional consulting fees for research, analysis, and strategic advisory services delivered to government agencies, economic development organizations, universities, and industry associations. Engagements are typically project-based with defined scopes and deliverables.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

TEConomy Partners is a research, analysis, and strategy consultancy that produces innovation-driven economic development strategies and action plans for governments, universities, institutions, and industries. Its practice spans innovation roadmaps, targeted industry cluster strategies, university research and commercialization assessments, research parks and innovation district planning, workforce and talent strategies, and recurring national and state-level industry/economic impact reports. Engagements are delivered as bespoke consulting projects using proprietary methodologies such as the line-of-sight assessment and IMPLAN-based impact modeling.

Product overview

TEConomy Partners operates as a consulting firm offering research, analysis, and strategy services rather than a unified software product. Their service portfolio includes six core consulting offerings: Innovation-Driven Economic Development Services, Informed Public Policy Services, and four specialized service modules (Innovation Roadmaps, Targeted Industry Strategies, University Research/Innovation Assessments, Innovation/Commercialization/Ecosystem Development, Research Parks/Innovation Districts/Placemaking, and Talent Strategies/Workforce Dynamics). They also produce multiple report series including National Industry and Innovation Reports, Economic and Functional Impact Assessments, and State/Federal Program Evaluations. All offerings are professional services delivered through client engagements rather than standalone software products.

Differentiator

Problem solved

Functional benefit

Products and services

• Innovation-Driven Economic Development Services End-to-end consulting practice producing innovation-based economic development strategies and action plans for nations, states, regions, universities, institutions, and industries, rooted in rigorous analysis of industry clusters and competitive positioning. Delivered through the firm's six sub-practice areas covering innovation roadmaps, targeted industry strategies, university research and collaboration assessments, innovation/commercialization/entrepreneurial ecosystems, research parks and innovation districts, and talent strategies and workforce dynamics.
• Informed Public Policy Services Policy advisory service providing benchmarking of best practices in innovation-based development, economic and functional impact assessments, and analytic approaches to understanding emerging innovation trends for government and institutional clients.
• National Industry and Innovation Reports Recurring analytical report series produced under long-term strategic partnerships, including biennial State of the Bioscience Industry reports for BIO (since 2004), ongoing biopharmaceutical jobs and economic impact studies for PhRMA (since 2011), Life Sciences Workforce Trends reports with the Coalition of State Bioscience Institutes, AURP research park benchmarking reports, U.S. medical and health research investment reports with Research!America, and state-of-the-video-game-industry reports for the Entertainment Software Association.
• Economic and Functional Impact Assessments Economic and functional impact studies for industries, institutions, and developments, using IMPLAN-based Input-Output analysis to measure direct, indirect, and induced impacts. Includes assessments of scientific endeavors, individual institutions (e.g., Mayo Clinic), specific programs, and entire industry sectors for advocacy, policy, and communications use.
• State and Federal Program Evaluations Evidence-based evaluations of technology and innovation-based programs to understand their relevance and impact, helping government leaders assess program effectiveness, inform public policy, and support budget decisions.
• Innovation Roadmaps Strategic roadmap engagements that identify growth opportunities at the intersection of leading industries and innovation drivers, using the firm's line-of-sight assessment methodology to help states and regions capitalize on their comparative advantages.
• Targeted Industry Strategies Industry analysis and assessment engagements examining existing and emerging industry strengths, combining detailed employment, output, productivity, venture capital, and R&D data with on-the-ground intelligence to inform cluster and subcluster development strategies.
• University Research, Innovation, and Collaboration Assessments Quantitative and qualitative assessments to identify university and research-institution R&D core competencies and develop roadmaps to enhance R&D platforms, technology transfer, and institutional and regional advancement.
• Innovation, Commercialization, and Entrepreneurial Ecosystems Strategic planning engagements to develop policies and programs that foster environments for creating, attracting, and retaining entrepreneurs and the infrastructure needed to support innovation-driven business growth.
• Research Parks, Innovation Districts, and Placemaking Development and feasibility assessments for university-affiliated research parks and broader innovation districts, including identification of technology-related space drivers and tailored solutions to spur regional innovation ecosystems.
• Talent Strategies and Workforce Dynamics Workforce development consulting engagements covering talent generation trends, supply and demand analysis, skills training and reskilling needs, talent attraction and retention strategies, and workforce transformation assessments.

Quantifiable outcome

• Michigan 21st Century Jobs Trust Fund: $261.6 million invested helped create jobs during the last decade, assisting nearly 1,400 companies with 1,073 still operating, directly employing 11,000 people with estimated wages of nearly $879 million and generating $3.2 billion in output
• +5 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

19 partnerships are on record, tiered key client, flagship partnership, core partnership, long-term partnership and ongoing partnership.

• Massachusetts Biotechnology Education Foundation (MassBioEd)key clientStrategic or Co-development PartnerMassBioEd developed its Massachusetts life sciences employment report with TEConomy Partners. TEConomy provided the research and analysis for tracking employment trends, workforce dynamics, and industry metrics for the Massachusetts life sciences sector.
• New Mexico Economic Development Department's Technology and Innovation Officekey clientStrategic or Co-development PartnerCommissioned TEConomy to develop a comprehensive 158-page Science and Technology Roadmap for New Mexico, identifying quantum technologies, advanced energy, and aerospace/defense systems as the state's key competitive sectors for economic growth.
• National Independent Venue Association (NIVA)key clientStrategic or Co-development PartnerNIVA engaged TEConomy to conduct its first comprehensive economic impact study, The State of Live, documenting the economic contribution of U.S. independent live venues. Study found $153.1 billion in total economic output in 2024.
• Biotechnology Innovation Organization (BIO)flagship partnershipStrategic or Co-development PartnerOver decade-and-a-half partnership producing biennial State of the Bioscience Industry reports tracking economic trends at national and state-by-state levels since 2004.
• Pharmaceutical Research and Manufacturers of America (PhRMA)flagship partnershipStrategic or Co-development PartnerSince 2011, TEConomy has performed detailed studies of jobs and economic impact of the U.S. biopharmaceutical industry, including reports on biopharmaceutical industry STEM education commitment and resiliency themes.
• Coalition of State Bioscience Institutes / Life Sciences Workforce Collaborativecore partnershipStrategic or Co-development PartnerPartnership on three biennial national Life Sciences Workforce Trends reports assessing industry talent and skills demand dynamics, leveraging intelligence from hundreds of company survey responses and millions of job postings.
• Association of University Research Parks (AURP)long-term partnershipStrategic or Co-development PartnerCollaboration since 2008 chronicling research park developments and best practices nationwide through in-depth surveys and periodic benchmarking reports.
• Iowa Economic Development Authoritykey clientStrategic or Co-development PartnerEngaged TEConomy to develop Iowa Manufacturing 4.0 Plan and multiple bioscience development strategy reports including Phase I Core Competency Analysis and Momentum progress review.
• NCInnovationkey clientStrategic or Co-development PartnerNewly formed public-private partnership engaged TEConomy for comprehensive report analyzing North Carolina innovation ecosystem. NCInnovation raised more than $20 million from private sector and State created $500 million endowment based on TEConomy's recommendations.
• Cortex Innovation Communitykey clientStrategic or Co-development PartnerRetained TEConomy to undertake review of multifaceted impacts being generated for St. Louis, documenting how Cortex transformed 200 acres of brownfield into ecosystem with 369 companies employing 5,780 people generating $2.1 billion in regional economic output.
• Delaware Prosperity Partnershipkey clientStrategic or Co-development PartnerCommissioned TEConomy for Delaware Science & Technology Ecosystem Assessment identifying five S&T growth opportunity areas: financial technology, chemical products, high-performance materials, clean energy systems and biopharmaceuticals.
• AgriNovus Indianalong-term partnershipStrategic or Co-development PartnerOngoing strategic analysis partnership since 2014 helping position Indiana's agbioscience industry for growth. Work includes baseline assessment, workforce studies, and 2022 update finding agbioscience economy generates over $91 billion in total economic impact.
• Pittsburgh Life Sciences Alliancekey clientStrategic or Co-development PartnerEngaged TEConomy for in-depth analysis of Pittsburgh's life sciences industry identifying two growth opportunities: Data-Driven Healthcare and Connected Devices, and Precision Medicine and Next-Generation Therapeutics.
• Entertainment Software Associationkey clientStrategic or Co-development PartnerCommissioned TEConomy to perform in-depth analysis of U.S. video game industry economic impacts, with 2024 report finding $101.4 billion in U.S. economic output and over 104,000 direct jobs.
• Research!Americaongoing partnershipStrategic or Co-development PartnerCollaboration to provide data development and investment analysis of U.S. medical and health-related research enterprise for Research!America's annual research investment report totaling $245.1 billion in 2020.
• Ivy Tech Community College (Indiana)key clientStrategic or Co-development PartnerPartnered to estimate Indiana's demand for non-degree credentials and workforce reskilling needs, informing significant shift toward skills training at Indiana's statewide community college system.
• Arkansas Research Alliance and Arkansas Economic Development Commissionkey clientStrategic or Co-development PartnerEngaged TEConomy to formulate strategic plan for advancing data analytics and computing, developing recommendations for five-year, $25 million public-private partnership effort.
• Ohio Chamber of Commerce Research Foundationkey clientStrategic or Co-development PartnerCommissioned comprehensive economic development strategy Ohio BOLD recommending investments in four key platforms: next generation manufacturing, innovative health care, smart infrastructure, and data analytics.
• Missouri Technology Corporationkey clientStrategic or Co-development PartnerEngaged TEConomy to develop strategic roadmap for catalyzing Missouri's entrepreneurial ecosystem over next decade, recommending five strategies and sixteen actions.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Battelle: Battelle is the world's largest independent nonprofit research organization and operates a Technology Partnership Practice very analogous to TEConomy's, producing state S&T assessments, innovation ecosystem studies, and economic impact analyses. Both firms share the same customer base (state economic development agencies, federal labs, trade associations) and analytical toolkit.
• TIP Strategies: TIP Strategies is a boutique economic development consulting firm serving states, regions, and communities with target industry analyses, workforce studies, and innovation ecosystem plans — closely overlapping with TEConomy's service modules on Targeted Industry Strategies and Talent Strategies/Workforce Dynamics. Both operate at similar boutique scale with practitioner-led teams.
• Fourth Economy: Fourth Economy is an economic development consulting firm providing strategy, industry cluster analysis, and innovation ecosystem assessments to governments, foundations, and universities. The firm's focus on community and regional competitiveness makes it a directly comparable peer to TEConomy's state-level engagement work.
• Avalanche Consulting: Avalanche Consulting is an economic development consulting firm specializing in target industry analysis, competitive benchmarking, and strategic planning for economic development organizations and utilities. Its line-of-sight methodology and primary-segment focus directly mirror TEConomy's innovation roadmap approach.
• State Science & Technology Institute (SSTI): SSTI is a national nonprofit organization serving state-level technology-based economic development programs with data, analysis, and benchmarking services — closely paralleling TEConomy's state-level innovation ecosystem assessments and program evaluations. Both serve the same core government and association buyer set.
• Charles River Associates: Charles River Associates is an economic and management consulting firm providing rigorous economic impact analysis, policy evaluation, and strategy work to corporates, trade associations, and governments. CRA's life-sciences economics practice in particular directly mirrors TEConomy's PhRMA and BIO engagements.

Broad incumbents

• Brookings Institution (Metropolitan Policy Program): Brookings' economic studies and innovation economy research outputs (state economic analyses, cluster studies) overlap directly with TEConomy's report series, although Brookings is much larger and broader in scope. Brookings competes for the same high-profile government and foundation research engagements.
• RTI International: RTI International is a nonprofit research institute that conducts economic impact analyses, cluster studies, and policy research for federal, state, and nonprofit clients. Its technical depth and practice area in innovation economy research makes it a broader incumbent peer that frequently competes for similar RFPs.
• Information Technology and Innovation Foundation (ITIF): ITIF is a leading think tank producing influential analyses on U.S. innovation competitiveness, R&D policy, and technology-based economic growth. It produces recurring national reports that overlap with TEConomy's industry/innovation report series and competes for the same advocacy-driven association contracts.
• McKinsey & Company (Public Sector Practice): McKinsey's economic development and innovation practice competes with TEConomy for state government and large association engagements, particularly multi-year transformation projects. McKinsey brings vastly greater scale and brand recognition but typically less specialist methodology depth in innovation impact modeling.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/teconomyp_llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TEConomy Partners