Federal Reserve

Apr 1, 2020 | Economy, Technical Consulting

Did you know that the Federal Reserve is increasingly turning to private data to have a better understanding of the economy? As AP News states, “Millions of financial transactions, digitalized and compiled by private firms, could help the Fed and other government agencies track changes in company sales, prices, and wages.” However, one of the issues encountered by this plan of action is that private firms may choose not to share their data. Masterplan is indeed a Federal Reserve reporting entity and has been for early a decade.

As a company involved in the real estate industry, the Federal Reserve provides Masterplan a poll each month about the economy. Based on AP News, “The government’s surveys are designed to track specific economic trends.” Masterplan’s CEO, Dallas Cothrum, and Controller, Tammy Weir, fill out this poll and provide confidential information. Multiple factors can affect the economy, therefore, the most recent poll asked specific questions about COVID-19, as will future polls.

The Federal Reserve believes Masterplan is a good leading indicator business for the economy.

Masterplan (www.masterplantexas.com) is a privately held nearly 40 year old business based in Dallas, TX that specializes in assisting businesses, individuals, utilities, and government agencies regarding all matters of land use. Our firm specializes in zoning changes in Dallas, TX; Houston, TX; and Austin, TX. We routinely handle Planned Development Districts, Conditional Use Permits, Special Use Permits, and all zoning matters. Likewise, we assist in expediting building permits across the state of Texas as well as assist with building code issues. Let our experience be your success. Masterplan’s related company, LaBarba Permit Service (www.labarbapermitservice.com), is celebrating its 55th year in business and specializes in obtaining approvals from the Texas Alcoholic Beverage Commission (TABC).