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A New Administration, the Financial Crisis, and the Regional Economy (Part I). Session 1 of the PI + Seminar Series. Purpose of Series. Introduction to PI + Training in its use Its application to topics of current economic importance Facilitation of discussion among attendees and REMI staff.

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A new administration the financial crisis and the regional economy part i

A New Administration, the Financial Crisis, and the Regional Economy (Part I)

Session 1 of the PI+ Seminar Series


Purpose of series
Purpose of Series Economy (Part I)

  • Introduction to PI+

  • Training in its use

  • Its application to topics of current economic importance

  • Facilitation of discussion among attendees and REMI staff


Goal of this session
Goal of this Session Economy (Part I)

  • Introduction to the current recession

  • Discussion of proposed solutions

  • Laying the groundwork for detailed topical discussions in future sessions

  • Brief introduction to PI+


Goals of future sessions
Goals of Future Sessions Economy (Part I)

  • Session 2: Exports and market share

  • Session 3: Migration and the impacts of demographic change

  • Session 4: Taxes and government spending

  • Session 5: Investments in infrastructure

  • Session 6: Energy policy

  • Session 7: Conclusion and summation of previous 6 sessions


The financial crisis
The Financial Crisis Economy (Part I)

  • Initial cause: Bursting of housing bubble?

  • Compounding problems: Expectations and self-fulfilling outcomes

  • Different locations = Unique challenges


The stimulus package
The Stimulus Package Economy (Part I)

  • Energy

    • Renewable energy tax credits and cuts

    • “Smart Electricity Grid” to reduce waste

  • Health Care

    • Medicaid aid to states

    • Health insurance for unemployed

  • Infrastructure

    • Public transportation and construction projects

    • Rail and mass transit projects

  • Education

    • State fiscal relief to prevent cuts in aid

    • Grants to local school districts


[Model Demonstration] Economy (Part I)


Take aways
Take-Aways Economy (Part I)

  • The crisis and recovery will effect every region, albeit at times differently.

  • Dynamic analysis and smart modeling can capture changes in regional competitiveness.

  • An economic disruption of this magnitude may offer a chance to redirect and refocus regional competitive advantage.


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