Regions agencies must consider how changes to their workforce development programs and policies will effect their labor force. The inability to meet labor demands can capsize even the most ambitious public program.
Population shifts, accessed to 21st century skilled workers, and productive workforce programs offer more regional flexibility when it comes to potential policies. Benefits like comprehensive paid medical leave and a sufficient local educational system can entice migration into specific locations that positively impact the economy.
The REMI PI+ model has been used by researchers to evaluate minimum wage increases, military fort expansions and closures, changes in school funding, and the total impact of a state’s university system. Upgrading the services outside of an individual’s workplace can result in an improvement in that citizen’s total output and/or an improvement in the regional economy.
Labor agencies use REMI because of its expertise in producing extensive, descriptive studies showing the economic effects of labor and workforce policies.
REMI studies range from public school amendments to military impacts, from spending shifts to education initiatives.
The economic development in a six-county region in southwestern Wyoming is analyzed to project the long-term economic...
Read MoreThe REMI PI+ economic model and a national forecast prepared by the University of Michigan were incorporated into an...
Read MoreThe Nashville Area Chamber of Commerce’s Research Center recently completed a report that used the REMI model to...
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