Understanding the Impact: Closing Naval Air Station Brunswick

The REMI Policy Insight model helped the Maine State Planning Office assess the ripple effects of a naval air base shut down on the region around Naval Air Station Brunswick. Modest, but steady economic and population growth happens if the state leaves the air station open for business, while a base closure will result in the relocation of around 2,700 active-duty military positions and roughly 700 civilian jobs. State output stands to drop by $370 million to $390 million if the base closes, which actually corresponds to less than 1% of forecasted Maine Gross State Product.

Maine State Planning Office – Closing Base at Fort Brunswick [full PDF]

Global Aging: Achieving Its Potential

Life expectancy is increasing in almost every country around the globe, from the least developed to the international leaders. With this expectancy increase understood, AARP enlisted the services of the REMI model to assess the macroeconomic possibilities inherently incorporated in a longer life expectancy. AARP wanted to see if we could tap into the socioeconomic potentials of an aging populus rather than allow our elderly to become a fiscal burden. Some solutions that were found to be possibly effective were more opportunities to engage in volunteer work and community service, informal caregiving, living arrangement innovation, and more recognition and reward for volunteer and caregiving activities.

AARP – Global Aging: Achieving Its Potential [full PDF]

The Economic Impact of Base Closure: Letterkenny Army Depot and Franklin County

Using the REMI model, an analysis of two distinct army base regions uncovered the truth about living conditions and the populations surrounding them. While unemployment numbers in these areas are respectable, the community/workforce has gotten increasingly older as wages slightly decreased overall as a result of streamlined high-level positions. An era of stagnation might be approaching these normally consistent work regions along with decreased readiness for unexpected economic shifts and losses.

Shippensburg University – Impact of Base Closure: Letterkenny Army Depot [full PDF]

Regional Economic Benefits of Environmental Management at the U.S. Department of Energy’s Major Nuclear Weapons Sites

A multi-regional economic simulation model built by REMI was selected in this 1998 study to determine the economic benefits of environmental management practices set to be implemented at major nuclear weapons sites. Researchers found that the site regions that most badly need environmental management investments due to their dependency on the investments themselves would lose more of that money to other regions. They also intended on finding ways to keep current employers in their current regions as local governments attempt to attract business to nuclear weapons site regions that would otherwise be concerned about the safety of the surrounding environment.

Rutgers University – Regional Economic Benefits of Environmental Management at the US Department of Energy’s Major Nuclear Weapons Sites [full PDF]

An Updated Economic Analysis of the Education Initiative (2014)

The structural input-output model developed by REMI was incorporated into a study on Nevada’s Education Initiative to try and address Nevada’s inconsistencies and failures that have led to the state’s poor educational statistics. The model was applied to the three proposed scenarios: “no-spending”, “gross-spending”, and “mixed-spending”. The main effects being sought after in this study as far as economics are concerned are jobs lost and gross domestic product, which are only marginally increased as a result of the new initiative unless all the money gathered from a margin tax is put towards hiring teachers.

Center for Business and Economic Research – Updated Economic Analysis of the Education Initiative [full PDF]