Economic and Fiscal Impacts of Amendment 66 and the Public School Finance Act on the Colorado Economy

The REMI Tax-PI model was used to forecast for this study that the average taxpayer was set to feel the effects of raised taxes on employment opportunities and consumption, but the surplus of funds is slated to positively shape economic benefits in the education sector and the industries that supply goods and services to schools and students as well as construction, software, and hardware sectors. The numbers do, however, leave much to be desired by way of student achievement increases in graduation rate and test scores.

UCO Boulder – Economic Impact of Amendment 66 [full PDF]

The Economic Impact of the Military on North Carolina

For the North Carolina Department of Commerce, REMI PI+ analyzed how much the high military presence in the state of North Carolina supports their overall economy. A total of seven prominent military bases are located in the state and these bases support about 540,000 government and military jobs. The model also shows that the military supports around $30 billion in personal income and about $48 billion in gross state product. Additionally, the findings indicate that military installations may have provided some necessary stability to local economies during the Great Recession.

North Carolina General Assembly – The Economic Impact of the Military on North Carolina [full PDF]

The Economic Impact of the South Dakota Public University System

A loss of $2 billion annually, 14,700 direct and indirect jobs, and 42,800 citizens was found by REMI’s Policy Insight model to be attributable to the hypothetical removal of the South Dakota public university system. Also lost in this scenario would be $192 million in living expenses by students and the $234 million spent on tuition and university fees. Overall, the South Dakota public university system provides a consistent, integral presence in their state’s economy.

University of South Dakota – Economic Impact of the South Dakota Public University System [full PDF]

Higher Education, The Health Care Industry, and Metropolitan Regional Economic Development: What Can “Eds & Meds” Do for the Economic Fortunes of a Metro Area’s Residents?

This 2007 report was attempting to analyze the economic effects of higher education and health care institutions on their surrounding metropolitan regions with the help of the REMI model. Specific criteria considered included the total magnitude of each industry, the impact of losing such institutions, and the effect of replacing an educational facility with a medical facility and vice versa. It was found that the particular impact of a given institution is based on the region it’s in and the overall health and production of that corresponding metropolitan landscape. Increasing funding and expansion for either one of these industries should have significant positive economic effects on that region.

Upjohn Institute – Eds and Meds [full PDF]

The Economic Implications of Installation Growth at Fort Riley

Using the REMI Policy Insight model, the proposed expansion of Fort Riley in Kansas was thoroughly evaluated in terms of the economic impacts a completed fort would have on the neighboring regions. This kind of project was found to be capable of bringing an additional 34,910 people to the region and that scale of migration needs more housing, improved infrastructure, and increased education capacity. Those demands improve local communities and keep certain industries functional and profitable.

Regional Economic Models, Inc. – Fort Riley Study [full PDF]