An Assessment of the Economic Impacts of the Rosemont Copper Project on the Economies of the Cochise/Pima/Santa Cruz Counties Study Area, Arizona, and the United States

This analysis employed the REMI PI+ regional economic forecasting model to estimate the economic impacts of the Rosemont Copper Project, an open-pit mining operation to be developed on a 15,000 acre site in Pima County about 30 miles southeast of Tucson, for the Cochise/Pima County/Santa Cruz Counties study area, for the State of Arizona, and for the United States. The construction phase of development was found to generate almost $5 million per year in revenues for local governments, $6 million per year in revenues for state government, and $53 million per year in additional revenues for the federal government. The production/post-production phase was determined to employ 2,100 additional jobs for area residents, an average of 2,900 additional jobs for Arizona workers, and a total of 4,500 additional jobs for U.S. residents. Over the entire expected production/post-production period, the overall impacts would be $27 billion in additional output, $15 billion in gross domestic product, $8 billion in personal income, and $3 billion in federal government revenues.

Arizona State University – An Assessment of the Economic Impacts of the Rosemont Copper Project [full PDF]

Economic Impact Assessment: Sandia Science & Technology Park

The Mid-Region Council of Governments employed the REMI Policy Insight Plus model to produce the numbers presented in this report on how growth at the Sandia Science & Technology Park affected the Mid-Region Council of Governments region. This report presented an estimate of the economic impact of Sandia Science & Technology Park in 2008 and 2009, along with an estimate of the cumulative impact of the Park since its inception. The analysis showed that the highest economic impact of the Park occurred within the City of Albuquerque’s boundaries, which attracted 92% of the job growth associated with the Park in 2008 and 2009. The distribution of new jobs by industry indicated that construction and retail jobs were slightly more likely to occur outside Albuquerque than other types of jobs. Population increases were primarily due to economic migration which, in turn, affected consumption and raised the estimate of gross receipts tax revenues.

Mid-Region Council of Governments – Economic Impact Assessment: Sandia Science & Technology Park [full PDF]

Washington Life Sciences Economic Impact Study

The growth of the life sciences industry was good news for the state of Washington as it became an important part of the overall economy. The Washington Research Council – Regional Economic Models, Inc. model was utilized in this study to discover that, in employment, the industry had passed many of the traditional resource based industries on which the state’s economy was founded and was in the same range of importance as some of the new, technology-based industries in the state. However, it was difficult to recognize the importance of the life sciences industry because it was comprised of a diffuse array of organizations and firms, its “product” consisted of everything from scientific papers to surgical instruments, and its “revenue” came from all manner of public and private sources. The future of Washington’s life sciences industry will continue to be tied to the quality of talent in the state.

Washington Research Council – Washington Life Sciences Economic Impact Study [full PDF]

The Economic Impacts of Central Valley Salinity

The study team at the University of California Davis conducted a report that measured the economic impacts of increasing salinity in the Central Valley using the REMI model to project economic activity and social conditions to the year 2030. The results showed that if salinity increased at the current rate until 2030, the direct annual costs would range from $1 billion to $1.5 billion, the total annual income impacts to California would range between $1.7 billion to $3 billion by 2030, and the income impacts to the Central Valley would range between $1.2 billion and $2.2 billion. The increase in salinity would also cost the Central Valley economy approximately 27,000 to 53,000 jobs and the state of California between 34,000 to 64,000 jobs. The magnitude of the economic and employment losses justified a more detailed study of remedial action and correction policies moving forward.

University of California Davis – The Economic Impacts of Central Valley Salinity [full PDF]

Final Socioeconomic Assessment for Proposed Rule 1144-Vanishing Oils and Rust Inhibitors

Using the REMI model, the South Coast Air Quality Management District assessed the secondary and induced impacts of Proposed Rule 1144, which established volatile organic compounds limits for vanishing oils and rust inhibitors and required that containers for vanishing oils and rust inhibitors display the date of manufacture. This proposed rule would affect facilities in the fabricated metal product manufacturing, machinery manufacturing, transportation equipment manufacturing, and petroleum and coal products manufacturing sectors in the Air Quality Management District. Analysts found that the average annual total cost of Proposed Rule 1144 compliance was projected to be $8.11 million from 2010 to 2025 and that, overall, 195 jobs would be forgone annually, on average, in those same years. The rule was expected to cause very few changes in the relative costs of production and prices of goods in the local economy.

South Coast Air Quality Management District – Final Socioeconomic Assessment for Proposed Rule 1144-Vanishing Oils and Rust Inhibitors [full PDF]