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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 Wednesday, August 7th from 9:00 a.m. to 12:30 p.m. in Sacramento, California that describes how to evaluate and quantify economic resilience in the energy, environmental, transportation, and public finance sectors.
This event will also feature Economist Aaron McGregor from AECOM presenting on the significant economic risk that severe storms and rising sea levels pose to coastal regions and their business communities. His presentation, “Modeling the Economic Impacts of Sea-Level Rise and Coastal Storms: A Case Study Using REMI in Dania Beach, FL,” is focused on a case study in Florida, although the approaches used are broadly transferable to understanding the potential economic impacts of natural hazards in California, such as floods, fires, and earthquakes.
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@wp.remi.com, contact us by phone at (413) 549-1169, or click below to register.
REGISTER FOR THIS SEMINAR
AGENDA
Wednesday, August 7th, 2019
9:00 am - 9:30 am
Coffee/Pastries/Networking
9:30 am - 10:00 am
Resiliency & Demonstrating the Value of Infrastructure Investments
Cameron Luther, Economic Associate, REMI
10:00 am - 10:45 am
REMI E3+: Resiliency Analysis of Energy/Environment/Economy
Keith Waters, Ph.D., Economist, REMI
10:45 am - 11:00 am
Networking Break
11:00 am - 11:30 am
Modeling the Economic Impacts of Sea-Level Rise and Coastal Storms: A Case Study Using REMI in Dania Beach, FL
Aaron McGregor, Economist, AECOM
11:30 am - 12:00 pm
Fiscal Resiliency Using Tax-PI
Cameron Luther, REMI
12:00 pm - 12:30 pm
Lunch
For your convenience, lunch is provided free of charge
12:30 pm
Adjourn
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SPEAKERS
VENUE
Embassy Suites Sacramento-Riverfront Promenade
Embassy Suites Sacramento-Riverfront Promenade
Stagecoach Room
100 Capitol Mall
Sacramento, CA 95814
Parking vouchers will be provided by our economists.

