Evaluating the Economic Impact of the Eastern States Exposition on Western Massachusetts

REMI constructed this comprehensive study evaluating the economic impact of the Eastern States Exposition on Western Massachusetts based upon economic activity generated by the planning and implementation of the fair. Using data inputs provided by the Eastern States Exposition and its own Policy Insight model for the primary analysis, REMI was able to recreate economic interactions on a regional basis and the report of economic indicators included changes in measures of employment, gross regional product, income, consumer spending, and total population. The analysis relayed that the Eastern States Exposition generated $150,588,000 of Gross Regional Product and $83,617,000 of personal disposable income, in addition to averaging 2,800 jobs a year over a fifty-year span.

Regional Economic Models, Inc. – Evaluating the Economic Impact of the Eastern States Exposition on Western Massachusetts [full PDF]

Evaluation and Discussion of Potential Economic Impacts of the Draft AQMD Air Quality-Related Energy Policy

This report accompanied the draft Air Quality-Related Energy Policy that provided information on current energy usage in the South Coast Air Basin, a list of policies to guide Air Quality Management District efforts, and a list of actions to be undertaken to support these policies and presented an evaluation and discussion of the potential economic impacts resulting from the draft policy. The REMI model projected that the gross domestic product in the four-county area studied would grow at an annual rate of 3.62 percent, reaching $946 billion in 2015. The model also quantified the clean air benefit of the Air Quality Management Plan from 2007 to be $23 billion in 2023, including that the benefit of more stringent ozone standards could elevate that estimate by 2023.

South Coast Air Quality Management District – Evaluation and Discussion of Potential Economic Impacts of the Draft AQMD Air Quality-Related Energy Policy [full PDF]

Regional Forecast for Plan Bay Area 2040

REMI developed a Bay Area PI+ model for this regional forecast study that reflected the unique characteristics of the Bay Area economy in order to assess the employment, population, household, in-commute, and Regional Housing Control Total projections within the Plan Bay Area 2040 forecast. The Association of Bay Area Governments then compared the projections gathered by this report to other projections by organizations and entities, such as the California Department of Finance and the Center for Continuing Study of the California Economy, and provided reasoning for the projection disparities. The report went on to explain that, although the analysis spoke to the regional level, as different scenarios are explored for local policy and regional transportation investments, patterns will emerge on where growth may concentrate or disperse, and the types of jobs and housing that may locate in different parts of the region.

Association of Bay Area Governments – Regional Forecast for Plan Bay Area 2040 [full PDF]

Economic Impact of State Parks, Forests, and Natural Resources under the Management of Department of Environmental Protection

The REMI model was utilized in this study to assess the total impacts and fiscal implications as well as the direct and indirect impacts on state government revenues induced by activity at the state forests and parks managed by the Department of Environmental Protection. The department’s activities were found to generate 8,800 jobs that in the absence of department-managed parks, forests, and activities would be reduced to 6,700 jobs in 2020 as personnel found alternative employment. Researchers also uncovered that the department also manifested $343 million in personal income set to grow to $595 million in 2020, $253 million in personal disposable income that would increase to $471 million by 2020, and a net present value in state revenues over expenditures of $30 million in constant dollars. General tourism activities at the department’s venues were discovered to create an estimated $544 million from various licenses and permits, angling, hunting, boating, and skiing in 2010.

Connecticut Center for Economic Analyses – Economic Impact of State Parks, Forests and Natural Resources under the Management of Department of Environmental Protection [full PDF]

The Economics of a Successful Raccoon Rabies Elimination Program on Long Island, New York

A benefit-cost analysis was performed to determine the cost-effectiveness of an aggressive oral rabies vaccination program that was initiated in Long Island, New York and the analysis used the REMI model to estimate the macroeconomic impacts of raccoon rabies elimination to New York State. The $3 million cost of the program was recovered within eight years by reducing costs associated with post-exposure prophylaxis and veterinary diagnostic testing of rabies suspect animals. For every dollar spent on the program, $2.39 was saved and modeling estimations had employment growth of over 100 jobs and a gross domestic product increase of $9.2 million through 2019. This was the first estimation of the broader implications of rabies to the overall economy.

United States Department of Agriculture – The Economics of a Successful Raccoon Rabies Elimination Program on Long Island, NY [full PDF]