Established in 1995, Applied Economics is an economy consulting firm. It specializes in economic development, economic and fiscal impact assessment, socioeconomic modeling, urban planning and custom software applications. Located in Phoenix, Ariz., the company utilizes economic theory, socioeconomic data, information technology for analyzing land use and policy changes, business-driven economic impacts and program economic and fiscal impacts. It offers consulting services, such as custom studies and software applications for rendering its services to its clients. Applied Economics caters to its clients in state government and organizations, county and local governments, regional organization and utilities, school districts as well as private sector companies. Some of the clients of the company are Arizona Department of Commerce, Nevada Commission on Economic Development and Wyoming Business Council.