Powering Data Centers: Economic Implications

You are invited to a new REMI webinar titled, “Powering Data Centers: Economic Implications“. This webinar is occurring on Wednesday, July 22nd, from 2:00-3:00pm ET, and is being presented by James Sheedy, Ekwinife Chibuogwu, and Sean McCarthy from REMI.

As artificial intelligence, cloud computing, and digital services continue to expand, data centers are becoming one of the fastest growing sources of electricity demand in the United States. Meeting this demand will require significant investment in power generation, transmission infrastructure, and grid reliability, while balancing costs, sustainability, and long term economic growth. Understanding the economic implications of these investments is critical for utilities, developers, policymakers, and regional planners. 

In this webinar, we will demonstrate how PROSERIS and our core economic models can be used to indicate the economic impacts of powering the next generation of data centers. Attendees will learn how to model the construction and operation of energy infrastructure while evaluating impacts on employment, labor income, gross regional product, industry output, tax revenues, and electricity demand. 

The webinar will examine multiple strategies for supporting data center growth, including transmission expansion, natural gas generation, renewable energy, battery storage, and Small Modular Reactors (SMRs) as one potential solution. Participants will gain practical insight into how different energy investments influence regional economies, supply chains, workforce demand, and long term competitiveness. By comparing alternative energy scenarios, attendees will learn how economic impact modeling can support informed decisions as communities and industries prepare for continued growth in digital infrastructure. 

Made in America Again: Modeling the Economic Impacts of Manufacturing Reshoring

REMI will be hosting a new webinar titled “Made in America Again: Modeling the Economic Impacts of Manufacturing Reshoring” on Wednesday, August 12th, from 2:00pm-3:00pm (ET). This webinar will be presented by Shreeya Gurav, James Sheedy, and Ekwinife Chibuogwu. Click here to register.

Reshoring manufacturing to the United States has become a major focus for policymakers, businesses, and economic development leaders in recent years. Shifting production back to the U.S. has the potential to strengthen domestic supply chains and national security, create jobs, increase long-term export capacity, foster technological growth, increase regional output, and support long-term industrial competitiveness. At the same time, reshoring can also affect labor markets, production costs, prices, infrastructure needs, and demand across related industries. 

In this webinar, REMI will examine the economic impacts of reshoring manufacturing to the United States. Using dynamic economic modeling, we will explore how increased domestic manufacturing activity can influence employment, GDP, output, wages, population, industry growth, and regional competitiveness. The presentation will also consider broader policy questions, including workforce availability, supply chain resilience, capital investment, and the tradeoffs between higher domestic production costs and reduced dependence on overseas suppliers. 

Attendees will gain insight into how reshoring initiatives can affect national, state, and regional economies, as well as how economic modeling can help evaluate the short- and long-term impacts of manufacturing and supply chain policy. 

Oil Price Increases: Economic & Fiscal Impacts

On July 15th from 2:00-3:00pm ET, join REMI for “Oil Price Increases: Economic & Fiscal Impacts.” This webinar will be presented by Dr. Peter Evangelakis, Senior Vice President of Economics and Consulting at REMI, and Shreeya Gurav, an Analyst. 

The conflict with Iran has disrupted major supply routes, contributing to higher oil prices and creating ripple effects across the economy. While this shock may benefit the domestic oil industry, rising energy costs can place added pressure on energy-intensive industries and increase manufacturing and logistics expenses. These effects can ultimately reach consumers through higher household energy bills, increased transportation expenses, and broader cost-of-living pressures.  

In this webinar, REMI will model the economic impacts of rising oil prices, examining effects on employment, population, output, GDP, and other key economic indicators. We will demonstrate how the magnitude of these impacts varies across regions and industries. Attendees will gain insight into how oil price shocks affect businesses, regional economies, and consumers. 

POSTPONED: 2026 State of the Commonwealth: Virginia’s Economy & the War

In this presentation, Dr. McNab will discuss the Commonwealth of Virginia’s economy with specific attention to the economic impacts of the war with Iran. He will focus on the war’s impact on inflation, higher tariffs, and cuts to the federal workforce. He will also touch on reductions to legal immigration, and foreign student flows into institutions of higher education.