REMI models have been used throughout the world for a wide range of topic areas, including economic development, the environment, energy, transportation, and taxation, forecasting, and planning.
When regions, states, and cities want to foster economic development, they turn to REMI for answers. Our products and services help to answer such questions as: Which projects warrant tax incentives? How can key clusters be encouraged? What can we expect by attracting a new firm? REMI’s BizDev® application allows users to develop sophisticated economic development scenarios that reflect the specific nature of an industry or projects, while facilitating adjustments to employee compensation, firm productivity, and the composition of the supply chain. READ MORE
Environmental policies are designed for purposes such as reducing emissions, controlling water pollution, and limiting greenhouse gasses. Although the primary purpose of these regulations is generally noneconomic, they often have a significant influence on economic activity. Keeping that in mind, government agencies and private businesses use REMI models to understand the economic impact of environmental policies, and to design rules that improve the environment while maintaining a healthy economy. READ MORE
Energy powers our economy. Electricity keeps our machines humming; gas and oil drive our vehicles and fly our airplanes; and BTU’s, from many sources, heat and cool our homes, schools, offices, and factories.Energy-generating industries are an important input to other industries as well as a sector in their own right. Energy analyses therefore often focus on the total economic impact of changing electric rates, introducing new power sources, and investing in the production of energy. READ MORE
Location is as critical in economics as in real estate. Vast differences in economic activity can occur from one place to another, whether its five thousand miles away or the next block over. Transportation connects locations, allowing movement of people and shipments of freight. Since transportation and commuter costs are distinct types of costs, they require a methodology specifically designed for this purpose. REMI models have been used for over 25 years to evaluate the economic implications of transportation projects. Transportation analysts use TranSight to evaluate state transportation plans, new and expanded highway corridors, toll roads, airports, seaports, rail, freight and multimodal developments. READ MORE
Analysts use REMI models to evaluate the effect of any policy change or event to the economy, including immigration, homeland security, base realignment, and casino development, among others. Tax analysts value the dynamic behavioral responses built into the REMI model. Incorporating variables representing the entire range of potential taxes, the REMI model demonstrates how firms, individuals, and the economy at large respond to changes in taxes. Forecasters and planners use the economic forecasts to predict economic and demographic changes far into the future. Users develop alternative forecasts within the models, providing different potential projections for the regional economy. READ MORE