Economic Development, Planning, Forecasting

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Evaluating the short- and long-term impacts of a prospective piece of legislation can ensure policy leaders fully understand all effects on the population and the environment as it relates to the topic being studied before implementation.Policy makers are consistently looking for ways to increase revenue and save capital. With meaningful forecasts, they can address the most important topics with the lowest amount of misplaced effort and resources.

The economic models created and used by REMI help analysts to evaluate the implications of economic development and planning projects. Models like REMI PI⁺ prove instrumental when representing large populations and the multiple varied differences between areas being studied and the baseline scenarios.

Economic development analysis also includes a change in policy’s effect on employment, which then either directly or indirectly affects the regional economy. Successful planning and forecasting can be necessary when trying to determine the current impact of an industry or company on local revenue or when attempting to assess the ramifications of the removal of an industry or company.

Every region is different so analyzing every considerable factor can provide the most accurate picture of the applicable socioeconomic landscape.

REMI studies range from impacts of cities to company outputs, from housing prices to building sports stadiums.