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This webinar provided an overview of the Regional Economic System (RECONS) model, which automates calculations of regional economic activity. RECONS Team members Wen Chang (Senior Economist, Institute for Water Resources), Dena Abou (Regional Technical Specialist, Inland Navigation Economics, Chicago District, and Holly Bender (Lead Regional Economist, Kansas City District) discussed the importance of RECONS in light of the 3 April 2020 directive issued by the Assistant Secretary of the Army for Civil Works (ASA(CW)) for USACE to provide a comprehensive documentation of benefits in feasibility studies. RECONS is the Agency's only certified regional economic development (RED) model, making it an essential tool for compliance with the ASA(CW) directive. Presenters summarized key differences between the national economic development (NED) and RED accounts, and provided an overview of the RECONS model, including a live demo.

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