Charleston, West Virginia – February 07, 2012

Charleston, West Virginia

February 07, 2012
“Government Policy and its Impact on the State and Local Economy”
Presented by Adam Fulton, Associate Economist, and Peter Toy, Assistant Economist, REMI

Embassy Suites Charleston
300 Court Street
Charleston, WV 25301

The seminar topics will include:

    • Using PI+ for Economic, Demographic, and Household Forecasting
        States and cities require comprehensive forecasts with adjustments per inputs from planning bodies, local expertise, and stakeholder groups. Here, we illustrate PI+ as a forecasting tool, creating high-, low-, and medium-case scenarios for regional development and future expectations for employment and economic growth. This session presents macroeconomic forecasting and a methodology for projecting household concepts like number of households, vehicles/household, and labor force/household.

    • REMI TranSight: Transportation Finance and New Methods to Support and Fund Projects
        As the nation demands improved infrastructure, regions must find new ways to support the maintenance of existing and future projects. TranSight assists users in determining which projects to fund and how to fund them. If improvements help the retail sector, perhaps an increased sales tax is appropriate. Alternatively, if a corridor aids manufacturers, the region might consider a public-private partnership (P3).

    • REMI Tax-PI: Strategies for Reducing Your Budget Deficit
        All levels of government face a dual crisis–fiscal and economic. See how Tax-PI informs public policy by demonstrating the economic consequences of fiscal policy, taxes, and spending on growth and employment. Additionally, Tax-PI demonstrates how taxes and spending feed into each other, which, in turn, change revenue and expenditure forecasts for future years based on underlying economic and demographic indicators.

    • REMI Metro-PI: What Planning is All About
        Here, we provide a preview of the beta version of Metro-PI v. 1.0, our small area and TAZ-level forecasting and policy analysis tool. It forecasts demographic and household variables for planning at the sub-county level, as well. Linked into the REMI county PI+ macroeconomic and policy model, planners use Metro-PI to develop realistic forecasts out to 2060 for their region and its future needs.

  • Hands-on Demonstration of REMI Model (please bring laptop)

At REMI, our goal is to improve public policy. The information presented at this seminar will enable you to make more detailed and efficient forecasts about the economic effects of policy changes. There is no charge to attend this event; however, space is limited and advanced registration is required.