Using PROSERIS for Economic Development Analysis

Register now for our webinar occurring on Wednesday, December 3rd from 2:00-3:00pm ET titled, “Using PROSERIS for Economic Development Analysis“. Click here to learn more about PROSERIS.

Economic development is a key concern for regions of all sizes. Conducting impact analysis of economic development efforts is critical to creating jobs, increasing spending on local businesses, and community prosperity. Organizations conducting this kind of analysis need a comprehensive tool that reflects rippling economic impacts throughout their communities. PROSERIS makes this accessible to all organizations.

PROSERIS provides government agencies, businesses, and regional planners with data-driven insight to guide decisions about growth and expansion. Join us for this interactive session to see how PROSERIS, developed by REMI, enables users to forecast economic development efforts using advanced regional modeling and AI-driven analytics.

In this webinar, we’ll demonstrate how PROSERIS guides economic development analysis by:
• Demonstrating the GDP, employment, and personal income effects of economic development initiatives on regions
• Highlighting opportunities for growth and expansion that create local jobs
• Equipping leaders with data-driven insights to navigate economic transitions and challenges
• Producing high-quality deliverables (PowerPoint, one-pager, report) based on simulation results

Measuring University Economic Impact with PROSERIS

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Universities are powerful engines of regional growth – attracting talent, driving innovation, and shaping housing and population trends. Join us for this interactive session to see how PROSERIS, developed by REMI, enables universities to quantify their full economic impact using advanced regional modeling and AI-driven analytics.

In this webinar, we’ll demonstrate how PROSERIS helps institutions:

• Measure the effects of university payroll, research spending, and student expenditures
• Analyze changes in population, housing prices, and new residential construction tied to university growth
• Model broader economic outcomes – including employment, income, and GDP impacts
• Generate clear, visual results for reports, outreach, and funding proposals

 

 

Economic Impacts of OBBBA SALT Changes using REMI-AI

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The One Big Beautiful Bill Act (OBBBA) significantly increased the State and Local Tax (SALT) deduction cap from $10,000 to $40,000. This revision is expected to have a major effect on federal taxable income, particularly for taxpayers in states with higher tax burdens, by reducing their federal tax liability. Because state tax structures vary widely, the impact of this change will differ substantially across the nation.

Using REMI’s Tax-PI and REMI AI, this session will examine two states with sharply contrasting tax systems: California, which has some of the highest state income taxes, and Texas, which imposes none. The analysis will demonstrate how California may experience increased investment, housing activity and consumer spending in response to the enhanced deductions. Texas, on the other hand, could see little direct benefit and may instead rely on alternate revenue mechanisms such as property taxes or adjustments to standard deductions.

The session will also explore how states may respond to these changes in the short and long term, how taxpayer behavior might shift, and how REMI’s tools can help decision-makers assess these evolving dynamics. Comparing these two case studies highlights why it’s essential to view federal tax policy through a state-specific lens to fully understand its impact.

IRA Tax Credit Reductions: Economic and Environmental Impacts using REMI-AI

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The One Big Beautiful Bill Act (OBBBA) cuts energy-related tax credits from the Inflation Reduction Act (IRA). The IRA introduced many financial incentives like the Production Tax Credit (45Y) and the Investment Tax Credit (48E). These credits were designed to support clean energy development through at least 2032, drive more than $400 billion in investments, and create hundreds of thousands of future jobs nationwide.

The OBBBA will curtail these tax credits by cutting eligibility windows and limiting project support. The OBBBA has a 60-day construction start requirement and will end support for projects not in service after the end of 2027. These requirements jeopardize many projects currently in planning or early development stages.

Using REMI E3+ and REMI-AI, we will compare the projected environmental and economic impacts of these changes across the country. By comparing states, this analysis will provide insight into how OBBBA-driven tax credit rollbacks may affect economic growth, energy affordability, emissions reductions, and regional competitiveness differently across diverse energy markets.

OBBBA Impacting Transportation Funds: Economic Analysis using REMI-AI

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Federal transportation policy is undergoing changes that will impact the allocation of Department of Transportation (DOT) funding. The One Big Beautiful Bill Act includes a shift in budget priorities that may reduce funding for certain infrastructure initiatives, particularly in large metropolitan areas. This webinar presents an economic impact analysis of not proceeding with “first-mile” transit access projects in New York City, Chicago, and Los Angeles under the proposed funding framework. 

In this webinar, we will examine three sample major transit infrastructure projects modeled after projects that are currently in the planning phase: New York’s Interborough Express, Chicago’s Red Line Extension, and Los Angeles’ East San Fernando Valley Light Rail. This analysis will leverage REMI TranSight, REMI SEI, and REMI-AI to assess the potential economic effects of project delays or cancellations, including changes in job creation, GDP growth, personal income, and transit access in select communities. 

By comparing cities with mature transit systems (New York and Chicago) to a city with a more developing system (Los Angeles), we explore how differences in regional economic structures, labor markets, and transportation networks may lead to varied outcomes across regions.