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.