Kevin Kane, Ph.D., John Cho, Ph.D. & Diana Dorinson – Southern California: Impact of COVID-19

[Slides]Southern California: Impact of COVID-19 – Kevin Kane, Ph.D., SCAG, John Cho, Ph.D., SCAG & Diana Dorinson, Transportation Analytics

[Recording]Southern California: Impact of COVID-19 – Kevin Kane, Ph.D., SCAG, John Cho, Ph.D., SCAG & Diana Dorinson, Transportation Analytics

REMI will be hosting a special guest webinar, “Southern California: Impact of COVID-19,” on Wednesday, July 8th from 2:00 to 3:00 p.m. (ET) that features Program Manager Kevin Kane, Ph.D. and Senior Regional Planner John Cho, Ph.D. from the Southern California Association of Governments (SCAG), as well as Founder and Principal Diana Dorinson of Transportation Analytics.

This presentation provides an initial assessment of the potential employment and taxable sales implications of the COVID-19 pandemic in southern California, in addition to a discussion of the data and information used in the development of their assessment.

Their analysis assumed a low-point occurring around June 1st, 2020, with a resumption of some economic activity thereafter, but a long, slow recovery extending through the end of 2021. Additionally, numerous assumptions were made about the decline and potential recovery trajectory in individual industry sectors.

Analyses of COVID-19’s impact at this stage of the pandemic are subject to an extremely high level of uncertainty. It is important to note that this evaluation does not assume a second wave of infections or specifically model the impact of additional federal action, although, as more information becomes available, our guest presenters’ assumptions, modeling strategies, and outputs can be revised.

For their report, future taxable sales in the SCAG region were compared to a baseline and assumed a linear growth trajectory between June 2020 and December 2021. This guest webinar will also explore how the REMI model was incorporated to project the impact of COVID-19 on employment and economic output.

REMI Model Training Series – Session 1: Understanding “What If?” Policy Questions with PI⁺ – Jungjun Park, Ph.D., REMI (slides)

[Slides]REMI Model Training Series – Session 1: Understanding “What If?” Policy Questions with PI⁺ – Jungjun Park, Ph.D., REMI

REMI Model Training Series – Session 1: Understanding “What If?” Policy Questions with PI⁺ – Jungjun Park, Ph.D., REMI (recording)

[Recording]REMI Model Training Series – Session 1: Understanding “What If?” Policy Questions with PI⁺ – Jungjun Park, Ph.D., REMI

Sports after COVID-19 and their Impact on State and Local Economies

[Slides]Sports after COVID-19 and their Impact on State and Local Economies – Chris Judson, Katherine Clement, & Brandon Stanaway, REMI

[Recording]Sports after COVID-19 and their Impact on State and Local Economies – Chris Judson, Katherine Clement, & Brandon Stanaway, REMI

On March 11th, the gravity of the burgeoning pandemic materialized for many as one of the pillars of modern American society – athletics – shattered in rapid succession. And now, after months of uncertainty and guarded planning, our largest sports leagues are strategizing their return in a post-COVID-19 world.

From collegiate to professional sports, the dramatic changes to the 2020 season have placed regional governments in unique positions and raised serious questions about stimulating local economic growth while projecting a return to normalcy to citizens and tourists. The economic benefits of hosting sporting events, as well as the dynamic forces in play during a pandemic, are important factors when determining the trajectory of a region’s economic recovery.

Please join REMI Managing Economic Associate Chris Judson, Economic Associate Katherine Clement, and Economic Analyst Brandon Stanaway on Wednesday, July 1st from 2:00 to 3:00 p.m. (ET) for our upcoming webinar, “Sports after COVID-19 and their Impact on State and Local Economies.”

This webinar will provide analysis and the regional outlook under different scenarios as sports return in major “hub cities” and NCAA organizations weigh spectator capacity recommendations.

Our presenters are prepared to describe the varying outcomes and strategies to implement when modeling the economic impact of sporting event venues in a COVID-19 recovery scenario and similar analysis in REMI.

For this discussion, Mr. Judson, Ms. Clement, and Mr. Stanaway will present highlights from our most current forecast and commentary on the differences in spectator capacities and their downstream economic effects. They will also discuss the regional implications and trends in industry sales and employment, labor force demands, potential government revenues and demands for services, personal income, and other economic and demographic factors associated with hosting these events.

COVID-19 in the Long-Term: Structural Economic and Demographic Changes – Scott Nystrom, FTI Consulting (recording)

[Recording]COVID-19 in the Long-Term: Structural Economic and Demographic Changes – Scott Nystrom, FTI Consulting