The recent earthquakes in Southern California have highlighted the need for disaster planning for policymakers. National, state, and local stakeholders are increasingly concerned with the risks of climate change, aging infrastructure, and economic uncertainty. Mindful of these threats, resiliency analysis has become critical to the missions of federal, state, and regional agencies.
Resilience also highlights the connection between environmental policy and other policy priorities. A greater understanding of the economic consequences of environmental shifts requires that policymakers consider these impacts in diverse types of rulemaking. Rigorous environmental standards, environmental attainment goals, changing energy markets, and resilience to natural disasters are all now necessary lenses through which to view the long-term impact of any given policy.
REMI Economic Associate Cameron Luther and Economist Keith Waters, Ph.D. will be hosting a seminar entitled “Planning for Disaster: Resilience in Economic Forecasting” on Monday, August 5th from 9:00 a.m. to 12:30 p.m. in Olympia, Washington that describes how to evaluate and quantify economic resilience in the energy, environmental, transportation, and public finance sectors.
This seminar will also feature David Ding, Ph.D., Transportation Economist at the Washington State Department of Transportation, who will be presenting on how the state incorporates the REMI TranSight model into their transportation investment planning strategies.
Economic resilience is a vital component of resiliency analysis as it refers to an economy’s ability to withstand and appropriately respond to a disruption. A disaster tends to bring about physical damages, but citizens are typically unaware of the toll it takes on the local economy, as well as the organizations tasked with recovery efforts.
Metropolitan planning organizations and regional planning commissions prepare for disruptions caused by natural events such as hurricanes, wildfires, and earthquakes. Transportation departments evaluate risks posed to critical infrastructure, such as bridges and tunnels. Budget and revenue departments forecast the eventuality of a recession and budget shortfalls.
The elevation in the awareness and frequency of disasters provides more opportunities to prepare for devastation. Whether it is lobbying for grant funding, quantifying an organization’s resilience output, or calculating the impacts of a disaster to diverse stakeholders, economic modeling can enhance regional planning strategies as we advance toward the full incorporation of resilience.
This seminar includes presentations on the impact of resilience planning, descriptions of analyses completed using REMI’s economic modeling software, and the methodological approaches implemented.
If you would like to attend this event, please email Kendell Sweeney-Thomas at Kendell.Sweeney-Thomas@remi.com, contact us by phone at (413) 549-1169, or click below to register.
REGISTER FOR THIS SEMINAR
David Ding is a Transportation Economist at the Washington State Department of Transportation (WSDOT) in the Economics Analysis unit. Dr. Ding earned his Ph.D. in Transportation and Supply Chain Management at Beijing Jiaotong University in China, and his MBA from the University of Rhode Island. He is currently responsible for the transportation-related licenses, permits, and fees revenue forecast, as well as other economic studies. Dr. Ding routinely provides forecast results to WSDOT management, legislative staff, and stakeholders using econometric regression models and time series techniques. He is also engaged in the economic impact analysis for the Connecting Washington transportation projects using the REMI TranSight model.
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While at Ohio State, Mr. Luther also conducted research, investigating neuroeconomic explanations for recent findings in behavioral economics. Mr. Luther graduated from OSU with a Bachelor of Science in Economics and a concentration in Statistics.
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Prior to joining REMI, Dr. Waters worked with organizations such as the W.E. Upjohn Institute for Employment Research, the Northwest Michigan Council of Governments, the U.S. Economics and Statistics Administration, and the U.S. Economic Development Administration compiling research and data for reports on geography, economic and community development, and economic impact studies.
Since completing his education, Dr. Waters has been a teaching assistant and lecturer, speaking on subjects related to public policy, GIS and spatial analysis, regional economic development, and statistics.
Dr. Waters earned his Ph.D. in Public Policy at George Mason University after receiving his master’s degree from the University of North Carolina at Charlotte in Geography and bachelor’s degrees in Economics, Geography, and Mathematics from Western Michigan University.
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Olympia Room
415 Capitol Way N
Olympia, WA 98501
Hello,
Thank you for your interest in REMI. Your registration is confirmed for our seminar “Planning for Disaster: Resilience in Economic Forecasting” on Monday, August 5th, 2019.
The event will take place from 9:00 AM to 12:30 PM at the Doubletree by Hilton Olympia, Olympia Room on 415 Capitol Way N, Olympia, WA 98501.
We will call a day or so before the event to confirm your attendance and to see if you have any questions. Please feel free to share the invitation with any other staff or colleagues who may be interested.
We look forward to seeing you in Olympia!
Regards,
Regional Economic Models, Inc.
