The Macroeconomic Impact of the Wisconsin Clean Energy Jobs Act on the State’s Economy
This report summarized the macroeconomic impact of salient components of the Wisconsin Clean Energy Jobs Act (CEJA) as introduced in the 2009 Wisconsin Assembly Bill 649 and Senate Bill 450 using the REMI PI+ model for Wisconsin to estimate macroeconomic impacts for nine major policy segments of the CEJA. Findings suggested that the CEJA would stimulate economic growth for Wisconsin, having immediate and positive net impacts on state employment. Over time, the CEJA was expected to increase gross state product by $250 million in 2015, by $710 million in 2020, and $1.41 billion in 2025 with a net present value of $4.85 billion valued in constant 2000 dollars. Similar results were expected for employment as over 16,221 net new Wisconsin jobs were anticipated in 2025 as a direct or indirect outcome of the CEJA.
Utah’s Economy Will Benefit from Expanding Medicaid
A REMI macroeconomic model that simulated the impact of increased federal Medicaid funds on Utah’s economy was used in this joint report from Families USA and the Utah Health Policy Project that assessed the potential impact of a Medicaid expansion on jobs and economic activity in Utah. By participating in the Affordable Care Act’s Medicaid expansion, Utah would be able to give an estimated 190,000 uninsured, low-income citizens access to affordable health care with all of the costs of that care paid for by the federal government. With their participation, Utah would add an estimated $365 million in health care spending in 2016, which would support nearly 6,000 new jobs across all sectors, increase Utah’s economic activity by $670 million, and reduce the state’s uncompensated care costs.
The Macroeconomic Impact of the Michigan Climate Action Council Climate Action Plan on the State’s Economy
The macroeconomic impact evaluation of the Michigan Climate Action Plan was summarized in this report that completed the analysis of the Michigan Climate Action Council by projecting the statewide individual and collective impacts of 20 consolidated options that covered the majority of the greenhouse gas emission reductions of the original 54-policy option on gross state product, output, income, employment, and prices between 2009 and 2025. The quantified Michigan Climate Action Council policy options were divided into four policy sectors (Energy Supply, Residential, Commercial and Industrial, Transportation and Land Use Management, Agriculture, Forestry and Waste Management) and the analysis suggested that going forward with all council policy options would stimulate economic growth in Michigan. On a net present value basis, implementing all policies was projected to increase gross state product by $25.3 billion and expand employment by about 130,000 full-time equivalent jobs by year 2025. Of the sectors evaluated, the Residential, Commercial and Industrial sector policy options generated the largest net savings; contributing most of the positive returns in gross state product.
Socioeconomic Assessment for Proposed Rule 1155-Particulate Matter (PM) Control Devices
A socioeconomic analysis was conducted to assess the impacts of Proposed Rule 1155-Particulate Matter (PM) Control Devices, which established a no visible emissions requirement for any permitted PM control device and a PM emission limit for baghouses with a filter area greater than 7,500 square feet. This proposed rule would affect facilities in nearly all sectors of the South Coast’s regional economy, with approximately two-thirds in the manufacturing sector and concentrated in the nonmetallic mineral product manufacturing, fabricated metal product manufacturing, food manufacturing, and chemical manufacturing. The REMI PI+ model assessed the total socioeconomic impacts of a policy change and determined that 83% of affected facilities only had costs associated with visible emissions manufacturing and would experience a small reduction in labor productivity as additional person hours would be devoted to the task