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]

Final Socioeconomic Report for Proposed Amended Rule 1156-Further Emission Reductions from Aggregate and Cement Manufacturing

The proposed amendments to Rule 1156-Further Emission Reductions from Aggregate and Cement Manufacturing would reduce particulate matter as well as hexavalent chromium emissions from cement manufacturing facilities. A socioeconomic assessment was conducted by the South Coast Air Quality Management District using the REMI model to analyze the secondary and induced impacts of this proposed amended rule. The projections showed an average of four jobs lost annually, which was an insignificant loss to the four-county study area. They also detailed that only two facilities, one in Riverside County, one in San Bernardino County, would be affected by this proposed rule, but the effect of these new provisions would have few impacts on the relative cost of production and delivered price compared to their national counterparts.

South Coast Air Quality Management District – Final Socioeconomic Report for Proposed Amended Rule 1156-Further Emission Reductions from Aggregate and Cement Manufacturing [full PDF]

Assessing the Economic Impact of the AOK Family Child Care Licensing Program

The Connecticut Center for Economic Analyses at the University of Connecticut used the REMI platform to conduct an economic impact study on the All Our Kin, Inc. Child Care Licensing Program that addressed the New Haven area’s increasing need for affordable, high-quality child care. This evaluation demonstrated that in both helping graduates increase their household incomes and facilitating access to child care and thus permitting more parents to enter the workforce, the program’s initiatives resulted in average annual benefits of $7.2 million in Connecticut’s gross state product, $7.4 million in New Haven’s gross regional product, and $12.5 million net fiscal impact. The most impressive finding was that the aggregate impact of the program was achieved at a very modest cost as every $1 of programmatic expense resulted in between $15 to $20 of macroeconomic benefit.

Connecticut Center for Economic Analyses – Assessing the Economic Impact of the AOK Family Child Care Licensing Program [full PDF]

Analysis of Economic Impacts of New York Corporate Income Tax Reform

EY prepared a study for the Public Policy Institute, research affiliate of the Business Council of New York State, Inc., using the REMI model to provide estimates of the expected benefits to New York State’s economy and residents from the recommended business tax changes designed to simplify the tax system and improve New York’s business tax competitiveness. The specific business tax reductions included in the economic impact analysis were a reduction in the corporate franchise tax, and an adoption of a new business tax credit designed to offset 20% of the property taxes paid by manufacturers on real property. Analysts found that the business tax changes were expected to add over 14,100 new jobs in 2019 and 17,800 new jobs in 2024 and expand the state’s real gross domestic product by over $1.8 billion in 2019 and $2.7 billion in 2024.

EY – Analysis of Economic Impacts of New York Corporate Income Tax Reform [full PDF]

Economic Impacts of the Proposed Maine Power Reliability Program

The Maine Power Reliability Program sought out to significantly revamp much of the high voltage transmission system in central and southern Maine so as to increase reliability in the future and to meet Federal standards for the nation’s electricity grid. The estimation of economic impacts from this project was done using the models of seven regions within Maine developed by REMI and maintained by the Maine Center for Business and Economic Research. Employment impacts would average 2,131 annually over the four year period of 2009-2012, with peak employment impacts over 3,300 in 2010. Wages and salaries in Maine would increase by a total of $241.6 million, or $60.9 million per year. The total value of goods and services produced in Maine over 2009-2012 would be larger by $350.1 million, an average annual increase of $87.5 million.

University of Southern Maine – Economic Impacts of Maine Power Reliability Program [full PDF]