Trump Tariffs: Impacts on State and Local Economies

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In light of potential massive increases in tariffs, state and local-level policymakers are interested in understanding the implications for their economy. The REMI Multiregional U.S. (MRUS) model integrates a region that encompasses the entire U.S. economy, and upgrading a REMI model to an MRUS model allows states to conduct state-level economic impacts of national policy. It also enables REMI users to properly model and compare the economic effects of national policies, such as tariffs, between different regions. National monetary policy closures in MRUS models allow users to represent Federal Reserve monetary policy responses. State-level tariff policy modeling demonstrates the impacts of industry protection, price changes along the supply chain, consumer prices, and dynamic behavioral responses to price changes.  

In this session Dr. Frederick Treyz and Chris Judson will demonstrate how the REMI MRUS model can explore the sector-specific and regional impacts of tariff policies. Current REMI clients and anyone interested in tariff policy analysis are encouraged to attend.   

Economic Impacts of Brownfields Cleanup and Reuse

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Join us for an insightful webinar on the Economic Impacts of Brownfields Cleanup and Reuse, where we will explore how restoring and redeveloping these underutilized, often contaminated properties can significantly boost regional economies. Brownfields increase the costs of development, which may make the land completely unviable to developers. However, when these sites are cleaned up and returned to productive use, they present a tremendous opportunity for community revitalization, job creation, and increased property values.

In this webinar, we will dive into the economic benefits of brownfield remediation using the REMI PI+ model, a powerful tool for evaluating regional economic impacts. Our experts will demonstrate how this dynamic modeling software can help quantify the positive effects of cleanup efforts, such as new investment, job growth, and improved public health outcomes. We will further discuss how the redeveloped lands can promote industry growth in regions that retains and expands the workforce. Whether you are a policymaker, developer, or community advocate, this session will provide valuable insights into how transforming brownfields can drive economic growth and sustainability.

Economic and Social Impacts of Broadband Expansion

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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.