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Regional Economic

Indicators Forum

(R.E.I.F.)

 

 
National Bank of Commerce, in cooperation with the College of St. Scholastica, University of Minnesota Duluth and University of Wisconsin-Superior, has initiated a long-term study of our area’s economic indicators. The research will be ongoing and focusing on trends for a territory that covers 15 counties in Minnesota and Wisconsin. Participating sponsors of the study are NE MN Small Business Development Center (SBDC) and UW-Superior Small Business Development Center, the Development Association of Superior-Douglas County, APEX, BusinessNorth and the Development Association.

 

The Goals of the project are to:

  • Support business owners in their business decisions by gathering key local economic indicators and trend information
  • Develop specific economic indicators for this region that are not readily available to decision makers
  • Develop tools to assess our progress in economic growth. Prepare baseline measures that will allow comparison with other regions and measure future progress of the region
  • Track the region’s participation in the “new economy” and development in the high tech arena
  • Bring professionals together with business owners for discussion about the local economy and related critical issues in a collaborative, non-political environment
  • Create a business recruitment and retention tool by publishing the information

The REIF Region is a 15-county area that covers Northeast Minnesota and Northwest Wisconsin. The 8 counties of Minnesota include the Arrowhead Region — Aitkin, Carlton, Cook, Itasca, Koochiching, Lake, and St. Louis counties — along with Pine County. The 7 counties of Wisconsin include Ashland, Bayfield, Burnett, Douglas, Iron, Sawyer, and Washburn.

The R.E.I.F. is governed by a steering/advisory committee comprised of representative(s) from:

  • National Bank of Commerce
  • College of St. Scholastica
  • SBDC – MN
  • SBDC – WI
  • UMD
  • UWS
  • Resources such as APEX and the Development Association of Superior-Douglas County will be utilized as needed.

Meet the Regional Economics Faculty Research Staff.

To view the full R.E.I.F report presented at the breakfast forum on March 31, please click here:

March 2015 Presentation
October 2014 Full Report
October 2014 Presentation 
March 2014 Full Report

The next breakfast forum event will take place:

Date: October 27, 2015
Time: 7:00 am - 9:00 am
Location: DECC Harborside Ballroom