Measuring University Economic Impact with REMI PROSERIS

We hope you will join us for an upcoming REMI webinar titled, “Measuring University Economic Impact with REMI PROSERIS“. This webinar is occurring from 2:00-3:00pm ET on Wednesday, March 4th and is being presented by Dr. Indraneel Kumar from Purdue Center for Regional Development (PCRD), and Peter Treyz from REMI. Click here to register for this free webinar.

Universities play a pivotal role in regional growth by drawing talent, fostering innovation, and influencing housing and population patterns. It is important for universities to quantify their regional impact to remain competitive for grants. Join us for this interactive session to see how Dr. Kumar from PCRD conducted a comprehensive university impact analysis. Attendees will also see how our new tool, REMI PROSERIS, 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

 

Guest Speaker

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Indraneel Kumar, Ph.D.
Director for the Purdue Center for Regional Development (PCRD)

Indraneel Kumar is the Director for the Purdue Center for Regional Development (PCRD). Indraneel has been at PCRD since its inception in 2005. He focuses on regional demographics, economic and workforce analysis, identification of new sources of data, GIS databases, spatial analysis, and quantitative methods.

He received a bachelor’s degree in architecture from Visvesvaraya Regional College of Engineering in Nagpur, India in 1994. During his master’s in urban and regional planning from the Center for Environmental Planning and Technology (CEPT University) in Ahmedabad, India, he was the recipient of the Vastushilpa Foundation Award for Excellence (gold medal) for his thesis in 1997. Indraneel earned a second master’s degree in community planning with a specialization in environmental planning from the University of Cincinnati, Ohio, graduating with the Professional Promise award in 2003. In 2014, he earned a Ph.D. in civil engineering with a major in transportation and infrastructure systems from the Lyles School of Civil Engineering, Purdue University.

Indraneel has been a member of the American Planning Association and American Institute of Certified Planners since 2006. In his 20 years of professional and applied research experience, Indraneel has worked on comprehensive planning for large metropolitan areas, regions, and counties (districts) in India and the USA, with a concentration on land use, transportation, and regional economic analysis. He has participated in several regional economic development research projects funded by the U.S. Economic Development Administration (EDA); Employment and Training Administration, U.S. Department of Labor (DOL); Office of Economic Adjustment, Department of Defense (DOD); Economic Research Service (ERS), U.S. Department of Agriculture (USDA); Joint Transportation Research Program (JTRP); and Indiana Department of Transportation (INDOT). Other state agencies include the Office of Community and Rural Affairs (OCRA) and the Indiana State Department of Agriculture (ISDA).

He is an adjunct faculty member at the Lyles School of Civil Engineering, Purdue University, since 2018 and participates in teaching graduate courses related to urban and regional economics and transportation systems evaluation. Indraneel has an interdisciplinary research interest in regional economic development and competitiveness, transportation and infrastructure systems, and renewable energy.

Regional Economic Impacts of Data Centers

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Fill out this form to receive a free trial of REMI PROSERIS.

Demand for data centers has increased dramatically alongside the rise of AI. These data centers have large implications for regional and state economies, generating construction activity, long-term employment, and infrastructure investment. Accurately measuring these effects is essential for planners, policymakers, utilities, and economic development professionals evaluating new or expanding facilities.

In this webinar, REMI economists will demonstrate how REMI PROSERIS can be used to quantify the economic impacts of data center projects, including effects on employment, GDP, income, population, and public revenues. Attendees will learn how to model both construction and operational phases, test alternative assumptions, and interpret results to support data-driven decision-making.

Using PROSERIS for Economic Development Analysis

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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

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.