Downtown Crossing: Tiger II Capital Grant Application

Downtown Crossing was a transportation plan developed by the City of New Haven that would convert CT Route 34 from a limited access highway to urban boulevards from Union Avenue to the existing Exit 3 at College Street. This report utilized the State of Connecticut’s REMI model to analyze the employment and economic effects of the first phase of construction on Downtown Crossing and found that the project would create nearly 1,000 permanent jobs at all skill levels and generate more than $113 million in direct and indirect spending over three years. Researchers also assessed that the construction activities would generate nearly 2,000 construction jobs and contribute $184 million in direct and indirect spending, while expanding and strengthening New Haven’s position as an influential region in the fields of biotechnology and health sciences.

City of New Haven – Downtown Crossing: TIGER II Capital Grant Application [full PDF]

The Economic Contribution of Washington State’s Petroleum Refining Industry in 2009

This report conducted by the Washington Research Council used the Washington Research Council – Regional Economic Modeling, Inc. model to quantify the impact of Washington’s five major petroleum refiners on the state’s economy in 2009. Refiners directly provided 2,040 full-time jobs, paid an annual average wage of $102,100, and employed 3,044 contract workers on an average day. Refiners also indirectly created additional Washington state jobs in industries from which they purchased goods and services and with the spending from the direct and indirect jobs they created. The results ended up displaying the sum of all effects to be almost 30,000 jobs, $1.7 billion in personal income, $60.6 million in sales and use taxes, and $87.8 million in business and occupation taxes for state and local governments. Because of Washington’s unique tax structure, a Washington refinery’s state and local tax burden in 2008 was more than triple the state and local tax burden of a comparable refinery located in California.

Washington Research Council – The Economic Contribution of Washington State’s Petroleum Refining Industry in 2009 [full PDF]

The Structure and Economic Impact of Utah’s Oil and Gas Exploration and Production Industry

The Bureau of Economic and Business Research prepared this study for the Public Lands Policy Coordination Office applying the REMI model to develop economic impacts under three long-run trend scenarios for oil and gas production for the Uinta Basin and the State of Utah. These long-term simulations abstracted from short-term business or resource cycle fluctuations and instead identified the long-term trends as impacts on employment, personal income, earnings, population, local government revenues, and state government revenues were calculated out to 2038. The three long-run trend scenarios were the reference case, low-growth, and high-growth. The low-growth scenario would support Uinta Basin population growth of 19,658, the reference case would support growth of 25,834, and the high-growth case would support an additional 17,015 people. Assuming steady production, the low-growth case would grow statewide population by 32,665, the reference case would support growth of 47,622, and the high-growth case would support an additional 28,035 people in Utah.

Bureau of Economic and Business Research – The Structure and Economic Impact of Utah’s Oil and Gas Exploration and Production Industry [full PDF]

The Economic Impact of Bioscience Connecticut

This economic analysis demonstrated the substantial benefits to Connecticut from implementing Bioscience Connecticut in terms of construction, subsequent operations, and the generation and transfer of Intellectual Property to Connecticut start-ups and existing companies over the eight years of construction and initial twenty years of operation. The analysis included design and construction, recruitment of new personnel, expansion of research and development, establishment and expansion of stage one through to stage four clinical trials, expansions in both medical and dentistry enrollments resulting in establishment of practices by these new Connecticut graduates, and the economic impacts of spin-offs and transfers arising from the incremental biotechnology scientific base. The REMI model determined that Bioscience Connecticut would grow the population to 647,000 in 2020 and then to 818,000 in 2030 and would generate more than 2,100 jobs above the baseline each year during operations start-up and then grows to 16,400 jobs by 2037.

Connecticut Center for Economic Analyses – Economic Impact of Bioscience Connecticut [full PDF]

The Economic Impact of the Renewable Energy/Energy Efficiency Industry on the Connecticut Economy

The Connecticut Clean Energy Fund contracted with the Department of Economic and Community Development to perform an economic and fiscal analysis of the renewable energy and energy efficiency (RE/EE) industry group on the state’s economy. The primary contribution of this report was the characterization and identification of the relevant Connecticut RE/EE industries for subsequent analysis and when using this consensus definition of the core industries in the RE/EE sector, analysts estimated the economic and fiscal impacts on Connecticut’s economy using the REMI model of the state economy. The results indicated that Connecticut’s RE/EE industry would grow even if its employment did not because productivity continued to grow and that Connecticut was poised for significant growth in this sector if it makes substantial public and private investment in the human and physical capital required.

Connecticut Department of Economic and Community Development – The Economic Impact of the Renewable Energy/Energy Efficiency Industry on the Connecticut Economy [full PDF]