Fort Drum Regional Economic Impact Study: Analysis of Economic Impacts of Fort Drum, NY on the Regional Economy of Jefferson, St. Lawrence and Lewis Counties

The Fort Drum Regional Liaison Organization asked a team of consultants to review data on the economic activity of Fort Drum in Watertown, New York, interview affected parties to assemble a base of data on economic activity impacts of Ft. Drum, assess regional economic impacts, using an economic model calibrated for the region by REMI, and conduct an analysis of the further fiscal impacts on local government revenues and expenditures. They found and analyzed the direct activity of the United States Department of Defense at Fort Drum; the indirect, induced, and dynamic economic effects; the overall regional economic effect; the population and quality of life effects; and the fiscal impacts, which provided a more complete understanding of the fort’s regional value.

Nutter Associates, Economic Development Research Group – Fort Drum Regional Economic Impact Study [full PDF]

$15 Minimum Wage in the District of Columbia: A General Equilibrium Analysis of the Economic Impact

The REMI PI+ general equilibrium simulation model examined the immediate and long-term employment effects for the District of Columbia metropolitan area and found that a $15 minimum wage will gain approximately $5,100 more wages per average resident by 2021 to counteract a possible 2% drop in employment. These findings form a great starting point, but there are still numerous variables between proposal and enactment that could shift the outcomes of a $15 minimum wage in any and all directions.

District of Columbia Government – $15 Minimum Wage in D.C. [full PDF]

Economic and Employment Effects of Expanding KanCare

This report was a collaboration between George Washington University and REMI that examined the economic and employment consequences of expanding Medicare eligibility using the Tax-PI model. At the time of the study, Kansas’s Medicaid eligibility levels were well below the levels used in most states and nearly one out of every seven citizens under age 65 were uninsured in 2013, which exceeded the national average. Researchers first analyzed the negative impacts of Kansas already rejecting a Medicaid expansion and then modeled what the pending expansion could mean for the state and its population. They found that a KanCare expansion would stimulate economic growth and job creation in Kansas, as well as increase access to health care for about 150,000 state residents.

George Washington University, REMI – Economic and Employment Effects of Expanding KanCare [full PDF]

Metropolitan Council’s Forecasts Methodology

The Metropolitan Council puts forth regional forecasts that consider the Twin Cities’ situation within the overall national economy and in order to assess their findings, it is important to understand the operative methodology behind the analysis. The Council selected REMI Policy Insight (PI) in 2011 as the most appropriate model for the Council’s understanding of regional growth. REMI PI combined with Citilabs’ Cube Land real estate model stand together as the main structure for the Metropolitan Council’s methodology.

Metropolitan Council – Metropolitan Council’s Forecasts Methodology [full PDF]

Decision Framework for Evaluating the Macroeconomic Risks and Policy Impacts of Cyber Attacks

Global cyber infrastructure is interconnected with and instrumental to economic prosperity and national security. However, most cyber infrastructure is not secure and is vulnerable to attacks from malicious actors potentially leading to failure of critical infrastructure, exploitation of sensitive information, and loss of intellectual property. The REMI PI+ model provided insight into the macroeconomic consequences and propagation across regions and industry sectors that would be involved with a substantial cyber attack. This modeling framework will aid policy makers by allowing for the assessment of cyber attack scenarios and cybersecurity policies linked to their potential economic consequences.

Sandia National Laboratories – Decision Framework [full PDF]