May 18, 2017

Evaluating the Impact of Local Development

When state and local policy makers want to know the impact of economic development, they can find answers through dynamic economic modeling. Through simulations, analysts can simulate the effects of a proposed development over time.

W.E. Upjohn Institute for Employment Research prepared a study using the REMI model to evaluate the potential impact of commercial development in downtown Kalamazoo, MI. A private firm is planning to redevelop a building into a franchised hotel and adjacent buildings into retail, residential, and office spaces.

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