REMI (Regional Economic Models, Inc.) is a provider of advanced economic modeling software designed to help government agencies and organizations analyze the potential economic impacts of policy decisions. REMI enables users to test and forecast the effects of local, state, and national policies before they are implemented, supporting data-driven decision making in the public sector.
The core of REMI's business is developing and maintaining dynamic economic models that combine economic theory, empirical data, and advanced software tools. These models allow decision-makers to simulate how different policy choices—such as infrastructure investment, tax changes, or regulatory adjustments—may influence economic growth, employment, and other key indicators across regions and industries.
Founded in 1980 and headquartered in Amherst, Massachusetts, REMI has established itself as a leader in quantitative economic analysis for policy evaluation. Their commitment to continual innovation in both economic theory and software application distinguishes them in the field of policy modeling.
How was REMI started?
REMI was founded on the principle that government decisions should be informed by rigorous economic forecasting. The founding team includes Frederick R. Treyz, Ph.D. (Chief Executive Officer and Chief Economist), Billy Leung (Senior Vice President), Jerry Hayes (Vice President of Research & Development), and Peter Evangelakis, Ph.D. (Senior Vice President of Economics & Consulting). Their expertise in economics, research, and software development shaped REMI's mission to bring quantitative, evidence-based analysis to the forefront of policy-making. You can learn more on their About page.
Who uses REMI?
REMI's software and models are primarily used by:
- Government agencies at the local, state, and national levels
- Policy analysts and researchers
- Economic development organizations
- Consulting firms focused on public policy and economic impact analysis
These users rely on REMI to evaluate policies before implementation, ensuring decisions are grounded in robust economic analysis. Specific customer names are not listed in the available data.
What makes REMI distinct?
REMI stands out for its specialized focus on dynamic economic modeling and its long history of innovation in the field. Their integrated approach—combining economic expertise, software development, and empirical analysis—helps public sector clients make more informed, data-backed policy decisions.
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