When state and local policy makers want to know the impact of economic development, they can find answers through dynamic economic modeling. Through simulations, analysts can simulate the effects of a proposed development over time.
W.E. Upjohn Institute for Employment Research prepared a study using the REMI model to evaluate the potential impact of commercial development in downtown Kalamazoo, MI. A private firm is planning to redevelop a building into a franchised hotel and adjacent buildings into retail, residential, and office spaces.
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