National, state, and local stakeholders are increasingly concerned with environmental disruption, aging infrastructure, and economic uncertainty. Mindful of these threats, resiliency analysis has become critical to the missions of federal, state, and regional agencies.
REMI Economic Associate Kyle Compton will be hosting a seminar entitled “Planning for Disaster: Economic Resiliency Analysis” on Tuesday, August 27th from 9:00 a.m. to 12:30 p.m. in St. Paul, Minnesota that describes how to evaluate and quantify economic resilience in the energy, transportation, and public finance sectors.
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, flooding, 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
Kyle Compton is an Economic Associate at REMI, responsible for client support and business development. Since joining REMI, Mr. Compton has tested and reported on the company’s dynamic economic modeling software. He also assisted in sales and marketing through data analysis and development of a regular benchmarking system.
Prior to starting at REMI, Mr. Compton was a research intern/consultant for Verité, a nonprofit organization that conducts research, advocacy and consulting on global working conditions. He presented original research on panel-regression analysis of the causes of forced labor and researched labor profiles of emerging economies. Building on his work for Verité, he earned the James Kindahl Award in Economics from the University of Massachusetts-Amherst for his paper, “Determinants of Forced Labor: Evidence from 21 Emerging Economies.” The paper is under review for publishing in the Massachusetts Undergraduate Journal of Economics.
Doubletree by Hilton St. Paul Downtown
Town Square B Room
411 Minnesota St.
St. Paul, MN 55101
Thank you for your interest in REMI. Your registration is confirmed for our seminar “Planning for Disaster: Economic Resiliency Analysis” on Tuesday, August 27th, 2019.
The event will take place from 9:00 AM to 12:30 PM at the Doubletree by Hilton St. Paul Downtown, Town Square B Room on 411 Minnesota Street, St. Paul, MN 55101.
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 St. Paul!
Regional Economic Models, Inc.