Headwaters Economics

Independent Nonpartisan Research

About Us

Headwaters Economics is an independent, nonprofit research group that works to improve community development and land management decisions. We inform community decision-making and identify practical solutions by making complex data understandable, beautiful, and interactive, helping develop solutions to some of the most urgent and important issues that communities face.

Based in Bozeman and Helena, Montana, Headwaters Economics receives funding from a wide variety of sources as part of our mission to improve community development and land management decisions. Our revenue comes from numerous places, including contracts with federal agencies such as the Bureau of Land Management and U.S. Forest Service; charitable foundations; and contract work for partner organizations.

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Where we work

Headwaters Economics’ tools and data are used by federal and state agencies, local governments, nonprofits, and charitable foundations. Our work spans the country, from rural counties to large metropolitan cities.

Our Products & Services

We inform community decision-making and identify practical solutions by making complex data understandable, beautiful, and interactive.

Economic Research

We synthesize our economic analyses in easy-to-read, beautifully laid out reports.

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Socioeconomic Profiles

Our tools provide customized reports of key demographic and economic indicators.

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Data Visualizations

We create interactive dashboards and visualizations to tell a socioeconomic story.

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Recent Media Coverage

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Trusted Experts

Headwaters Economics’ team brings decades of expertise, a commitment to rigorous research, and a deep dedication to helping communities thrive in a changing world.

Our Team

Ray Rasker, Ph.D.

Executive Director

Ray is Executive Director of Headwaters Economics. He has written extensively on rural development and the role of environmental quality and public lands in economic prosperity. He holds a Ph.D. in economics and forestry from Oregon State University.

Patricia Hernandez

Associate Director

Patty is Associate Director of Headwaters Economics and co-founded the organization with Ray Rasker in 2006. Patty has partnered with leaders from communities across the country to advance solutions that benefit people and the environment. She holds a Master’s degree in Ecology.

headwaters-staff-Kimiko-Barrett

Kimiko Barrett, Ph.D.

Kimi leads the team’s research in wildfire and other natural hazards and is the Program Coordinator for the Community Planning Assistance for Wildfire program. Kimi holds a Master’s degree in Geography from Montana State University and a Ph.D. in Forestry from University of Montana.

Headwaters-staff-Janet-Clark

Janet Clark

Janet coordinates administration and staff support at Headwaters Economics, in addition to being our Editor in Chief. Janet holds a Bachelor’s degree from Penn State University and a Master’s in Public Administration from Montana State University.

Bill Daigle

Bill is Headwaters Economics lead software developer and programmer, helping design and build the team’s data tools and visualizations. He holds a M.S. in Biology from Worcester Polytechnic Institute.

Headwaters-staff-Mark-Haggerty

Mark Haggerty

Mark leads the team’s research in tax policy, rural economic development, and community planning around energy and economic transitions. He holds a B.A. in Economics and Master’s degree in Geography from the University of Colorado.

Headwaters-staff-Megan-Lawson

Megan Lawson, Ph.D.

Megan leads the team’s research in outdoor recreation, economic development, and demographics. She is a statistician and economist with a Ph.D. and Master’s degree in Economics from the University of Colorado and a Bachelor’s degree in Biology from Williams College.

Kelly Pohl

Kelly is Policy Director at Headwaters Economics and helps coordinate the team’s operations and communications and provides research support. She holds a Bachelor’s degree in Geography from Montana State University and a Master’s degree in Geography from Portland State University.

Brent Powell

Brent leads Headwaters Economics web and media development, providing support with website management, photography, videography, and graphic design. He holds a B.S. in Technology Education from Montana State University.

Kristin Smith

Kris leads the team’s research and community engagement related to flood mitigation and contributes to research on public finance and fiscal policy. Kris holds a Bachelor’s degree from Middlebury College, a Master’s degree in Community Development & Applied Economics from the University of Vermont, and is a Ph.D. candidate in Earth Sciences – Geography from Montana State University.

Scott Story

Scott is the team’s lead GIS analyst, database manager, and data wrangler. He coordinates and updates the data behind all Headwaters Economics tools and data visualizations. He holds a Master’s degree in Biology from Montana State University.