Economic and Social Impacts of Broadband Expansion

The Federal Government has been dispersing broadband expansion grants to encourage economic development in rural areas. Beyond the direct economic impacts of these investments, there are also further economic impacts that positively benefit communities and local industries. Easier access to high-speed and reliable broadband can increase workforce development and employment opportunities for remote workers. Remote work prospects can also encourage migration to less densely populated areas, which has economic impacts on regions.  

In this webinar, we will demonstrate how REMI PI+ can be used to forecast the economic impacts of broadband expansion. We will also show how fast and reliable broadband expansion service affects varying demographics, including race, gender, and income quintile, differently. Demographic analysis will be conducted using REMI SEI. 

Socioeconomic Impacts of a Mixed Housing Development: Walter Reed Case Study

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Formally the Walter Reed Medical Center, “The Parks” is a 66-acre redevelopment located in Washington, D.C.. The mixed-income development notably includes 2,100 units of housing, of which 400 are affordable. Furthermore, 77 units permanently support veterans who have previously experienced homelessness. Using REMI’s dynamic PI+ and SEI model, we will analyze the socioeconomic impact of the mixed housing development, particularly the impacts on the veteran population.

We will consider construction costs, companies hired, employer demographics, and the economic benefits and detriments of the Walter Reed Project. We will also discuss the long term implications of this housing development with the goal of reducing socioeconomic disparities.

Driving Change: The Economic Impact of Alternative Funding Mechanisms

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With the increased use of electric vehicles, infrastructure funding from gas taxes is expected to decrease. Alternative funding mechanisms will be necessary to continue building new infrastructure and maintain current roads, rails, and bridges to ensure that the national economy can function to the highest ability.

In this webinar, we will explore the possible methods for consistent infrastructure funding through alternative funding mechanisms. By using REMI Tax-PI, we will discuss a possible road usage fee and the funds it would raise; an increase in the gas tax to counteract the increased use of electric vehicles; and the overall economic impacts of each mechanism on the regional economy of Colorado. We hope that you will join us to learn more about this important issue.

The Economics of Offshore Wind Investment in California

This webinar occurred on Wednesday, July 24th from 2:00-3:00pm ET. This was presented by Jack Hausler and Goggy Parksuwan. A recording and slides from this presentation are not currently available.

Offshore wind is a clean renewable energy source that utilizes wind turbines to generate electricity for household/commercial use. Coastal wind farms have advantages over land-based ones, being located in areas with stronger airflow. They also provide short and long-term employment through construction and maintenance, as offshore farms are prone to destructive maritime weather that would further affect the price of energy in the economy.

In our case study, we will look at how the installation of offshore wind along California’s coast affects the regional economy. Our study will show the effects of offshore wind on utility prices, such as the short-term change in electricity prices, through an energy pricing model. Electricity price can be based on the size of a wind farm project and the supply of external energy. Furthermore, the E3+ model will gauge the effects of a change in carbon consumption and an increase of clean energy use, leading to forecasts that measure the influence of carbon tax and long-term renewable electricity that is a result of renewable wind.

US EV Automotive Outlook and USMCA Adjustment

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The automotive industry is in rapid transition, with the Biden Administration hastening the move to electric vehicles through subsidies, regulations, and tariffs.  This webinar presents:

•       The US electric vehicle industry outlook
•       Alternative scenarios for the industry under varying policy regimes
•       REMI simulations on modeling the potential economic impacts of changes to USMCA to indicate China as a Foreign Entity of Concern (FEOC) to prevent low cost Chinese EV imports from entering the US and Canada market.

 

Yen Chen is a leading expert on the economics of the North American automotive industry.  In this webinar, he will outline the current state of the EV market in the United States, cost changes in EVs relevant to Internal Combustion Engine (ICE) vehicles, market share and cost changes in critical minerals, and EV market share projections under different policy scenarios. REMI will present impact scenarios reflecting tariffs and potential USMCA policy changes.