The National and Regional Economic Impacts of Federal Government Reductions in Force

President Donald Trump has made it a priority of his administration to reduce the size of the federal workforce and has tasked the Department of Government Efficiency (DOGE) with leading the efforts to date. These cuts have come through a variety of channels, including layoffs, eliminations of federal agencies, and deferred resignations. They disproportionally impact the DMV region (D.C., Maryland, and Virginia), but have significant economic consequences for communities all across the United States.

In this presentation, Dr. Peter Evangelakis, Senior Vice President of Economics & Consulting at REMI, used REMI PI+ to analyze the impacts of federal layoffs on employment, GDP, and personal income in the DMV region and the entire United States. This presentation was conducted by Dr. Evangelakis at a NEC (National Economists Club) luncheon on April 10th, 2025.

Click here to view the slides from this presentation.

Economic Impacts of Establishing the Crane Clean Energy Center (CCEC)

Nuclear energy is a safe and clean method of producing energy for businesses and households. Three Mile Island Unit 1 was a nuclear power plant in Pennsylvania that produced clean energy until it was shut down five years ago for economic reasons. Constellation signed a power purchase agreement with Microsoft to restore this nuclear power plant, which will now be known as the Crane Clean Energy Center (CCEC).

In this presentation created by The Brattle Group, Inc. for the Pennsylvania State Building & Construction Trades Council, Dean Murphy, Mark Berkman, and Wonjun Chang conducted an economic and environmental analysis of the reconstruction and operations of CCEC. They found that 20 years of CCEC operations would contribute $16 billion to the state’s GDP, 3,400 new jobs for Pennsylvania, and $3.6 billion in estimated tax revenue.

 

Click here to view The Brattle Group’s announcement.

Click here to access the full report.

The Preparedness Payoff: The Economic Benefits of Investing in Climate Resilience

The United States experiences many natural disasters each year that destroy private property and critical infrastructure. These disasters result in significant cleanup costs and economic impacts on metrics including employment and GDP. In this study, completed by the United States Chamber of Commerce in partnership with Allstate and the U.S. Chamber of Commerce Foundation, the authors concluded that every $1 invested in disaster preparation saves $13 in economic costs, damages, and cleanup. This highlights the importance of investing in climate resilience.

Click here to view the published report.

Economic Impacts of Medicaid Expansion in Georgia

Georgia is one of ten states in the country that have not expanded Medicaid under the Affordable Care Act. An expansion would increase the income limit for non-senior adults to qualify for the program up to 138 percent of the Federal Poverty Level (FPL), allowing more people to gain access. The federal government would be responsible for funding 90 percent of the newly eligible enrollment population each year as well as an additional 5 percentage points of the existing enrollment population for the first two years of expansion under the American Rescue Plan, leaving the remainder for the state to cover. Georgia Health Initiative commissioned REMI to conduct a state- and county-level economic impact analysis of Medicaid expansion in Georgia using a regional PI+ model. The study looked at changes in total employment, economic output, Gross Domestic Product (GDP), personal income, and population.

Some notable results are available below:

        • On average during its first three years, Medicaid expansion in Georgia would spur the creation of an additional 51,264 jobs statewide
        • The size of the state economy is forecasted to increase by $9.4 billion in economic output and $5.5 billion in GDP on average each year during the first three years of the expansion
        • Rural Georgians are expected to experience annual average increases of 5,611 jobs, $862.4 million in economic output, and $502.5 million in GDP
        • The expansion would stimulate significant consumer spending (both health care and non health care related), increased supply chain demand, and growth in investment activity, among other effects

 

Click here to access the Issue Brief published by Georgia Health Initiative

Click here to access the full REMI report

The Macroeconomic Impact of Increased U.S. Electric Vehicle Battery Production

To reduce greenhouse gas emissions, the United States has had a surge in electric vehicles (EVs) used as an alternative to traditional fossil fuel-run vehicles. To meet the increasing demand for these EVs, factories and other parts of the manufacturing process are being established nationally. In this report, ERM uses REMI PI+ to project the economic impact of this new EV battery supply chain of manufacturing and recycling these batteries, especially regarding job creation, labor compensation, and GDP. The analysis encompasses the direct economic impact of battery creation and the indirect economic impact of raw material mining.

Click here to access the report.