Economic Development, Planning, Forecasting

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Knowing the short-term and/or long-range costs and benefits of a prospective piece of legislation can ensure understanding of the topic being studied before it can begin to affect the population or the environment.

Policy makers are consistently looking for ways to increase revenue and save capital and, with meaningful forecasts, they can address the most important topics with the lowest amount of misplaced effort and resources.

The models created and used by REMI help analysts to evaluate the implications of economic development and planning projects. Models like REMI PI+ prove instrumental when representing large populations and the multiple varied differences between areas being studied and the baseline scenarios.

Economic development analysis also includes a change in policy’s effect on employment, which then either directly or indirectly affects the regional economy. Successful planning and forecasting can be necessary when trying to determine the current impact of an industry or company on local revenue or when attempting to assess the ramifications of the removal of an industry or company.

Every region is different so analyzing every considerable factor can provide the most accurate picture of the applicable socioeconomic landscape.

REMI studies range from impacts of cities to company outputs, from housing prices to building sports stadiums.


Relevant Studies

The Apalachee Regional Planning Council used the REMI model to perform a requested economic analysis of the proposed...

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A model of the Kansas City metropolitan area economy from REMI was used in this report to monitor and analyze the...

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The economic contribution of Montana craft brewing to Montana’s economy was studied by the Bureau of Business and...

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