Socioeconomic Impact of Gambling on Iowans

Researchers from the Strategic Economics Group and the Spectrum Gaming Group utilized a REMI model of Iowa to evaluate the statewide impacts of the racetrack and casino industry in the state. The report found that indirect and induced jobs were generated in the private sector as a result of the spending by casinos on goods and services purchased to keep it operated and the spending of casino wages by employees in the local economy. They also determined that additional jobs were created as more revenue flowed through the Iowa economy in terms of investments and spending on goods and services because of new jobs and the corresponding additional income. The REMI model was also employed to separately estimate impacts associated with the operation and development of casino and racetrack facilities. The analysis estimated the economic and fiscal impact of the casinos into three parts: the impact of the capital improvements plan for the casinos, the continuous operational impacts of the casinos, and the impact of all past casino construction.

Strategic Economics Group & Spectrum Gaming Group – Socioeconomic Impact of Gambling on Iowans [full PDF]

Economic Analysis of San Diego Forward: The Regional Plan

The impacts of the economic effects of the stimulus obtained from constructing and operation of the Regional Plan transportation system and the economic effects of a more efficient version of the current transportation system were estimated using the REMI TranSight model. These two scenarios sought to comprehend the balance between investment and efficiency. Transportation investment improves accessibility at a faster rate, but there’s no telling whether the funds invested were utilized properly. Not investing those funds and instead channeling them towards streamlining an existing transportation system saves money initially, but does little towards improving congestion and accessibility concerns in the short-term.

San Diego Association of Governments – Economic Analysis of San Diego Forward: The Regional Plan [full PDF]

The Effect on the U.S. Economy of the Successful Restructuring of General Motors

The economic efforts made to revitalize an American auto industry that was on the brink of collapse are examined in this study of General Motors and Chrysler. Researchers hoped to finally pinpoint the public and private benefits of this U.S. policy intervention compared to the public cost. Using the REMI forecasting model, the Center for Automotive Research found that a loss of over 3 million jobs between 2009-2010 could have occurred if GM and Chrysler shutdown, along with U.S. personal income reducing by $284.4 billion.

CAR – GM Study [full PDF]

Analysis of the Fiscal Impacts Associated with Exempting Federal Military Retiree’s Pensions from the Arkansas State Personal Income Tax

This study simulated the fiscal impacts of this tax policy using a REMI model of Arkansas and then cross checked the analysis using a fiscal impact model derived from an IMPLAN model of Arkansas. The magnitude of the findings did differ, but both approaches were able to identify benefit and cost flows that demonstrated a positive impact on the state budget from the income tax exemption and induce migration of military retirees within the time frame of this study. The simulations indicated that the smaller overhang associated with a smaller effective tax rate dominated the spending effects of the higher effective tax rate and, therefore, smaller effective income tax rates can be anticipated to generate total budget surpluses at earlier dates as compared to larger effective income tax rates.

University of Arkansas at Little Rock – Analysis of the Fiscal Impacts Associated with Exempting Federal Military Retiree’s Pensions from the Arkansas State Personal Income Tax [full PDF]

Economic Impact Analysis of the Proposed Lloyd Crossing Mixed Use Development – Phase 1

The Apalachee Regional Planning Council used the REMI model to perform a requested economic analysis of the proposed sports development and associated commercial developments to be located in the southwest corner of the Interstate 10 and State Road 59 intersection in Lloyd, Florida. The REMI model predicted a 5-6% additional employment increase in the county because of this project, as well as substantive impacts caused by additional payroll, costs of goods demanded, and other reflected impacts. It was estimated that by 2020 the proposed Lloyd Crossing project would add nearly $7 million in additional salaries, supplies and materials, $9.4 million in total personal income, $11.2 million in total output, and $6.9 million in gross domestic product. These various indicators provided a glimpse of how the addition of employees, and their associated businesses, in the proposed commercial sectors might affect the overall regional economy.

Apalachee Regional Planning Council – Economic Impact Analysis of the Proposed Lloyd Crossing Mixed Use Development [full PDF]