REMI’s Policy Insight model was used in collaboration with the RIMS II and IMPLAN models to demonstrate the importance of integrated analysis when measuring the importance of future economic development projects in North Carolina. While small regional projects may not need the most comprehensive analytics available, the combination of economic and fiscal impact analyses will better serve major prospective policies for economic growth going forward by removing some of the guesswork and providing a template for the data and information that the user will supply. Models like these also assist state governments like North Carolina’s in more accurately reflecting local conditions and the specific details of a given economic development project.
UNC Chapel Hill – Analyzing the Benefits and Costs of Economic Development Projects [full PDF]
