On October 1, 1981, Mike Huguenin and Sharon Chown announced the formation of Industrial Economics, Incorporated (IEc).
The name was selected because of the company's expertise in industry economics, regulatory economics, and
applied mathematics. Over the years we've increasingly become known as IEc.
The firm's three founding truths are:
- Do superior quality work.
- Manage ourselves simply and efficiently.
- The "culture" of the firm matters.
Thirty years later, the same key management principles and values that guided the founders remain an important
focus of the firm.
To this day, we continue to hire, train, retain, and promote superior consultants. The fact that 18 of our 25 Principals began
their professional careers as Interns, Research Analysts, and Associates at IEc speaks to how seriously we take the development
of both our firm and employees. IEc has grown from a staff of nine consultants in 1981 to a firm of over
100 employees to date.