November 3, 2018

UW-Superior student researchers present at 2018 REIF Breakfast

UW-Superior student researchers presented at the 2018 REIF Breakfast in Duluth.

UW-Superior student researchers presented at the 2018 REIF Breakfast in Duluth.

Each year, Twin Ports students have the chance to research a topic related to the local economy

University of Wisconsin-Superior student researchers again showcased their work at the Regional Economic Indicators Forum (R.E.I.F.) Breakfast on Wednesday, Oct. 31, at the DECC. Each year, students from UW-Superior and other Twin Ports campuses have the chance to research a topic related to the local economy. This year’s featured topic was transportation.

The long-term study of economic indicators is initiated by the National Bank of Commerce, in cooperation with UW-Superior, The College of St. Scholastica and the University of Minnesota Duluth, and focuses on the economic trends of 15 counties in northern Wisconsin and Minnesota.

The keynote speaker for this event was Chris Farreell, economics commentator at Minnesota Public Radio. Farrell is senior economics contributor at Marketplace, American Public Media’s nationally syndicated public radio business and economic programs. Ferrell presented on the creative economy and how this could be utilized by the REIF region to promote its entrepreneurship growth, economic development, and job market growth.

The two topics covered by UW-Superior student researchers were the local consumer confidence Index as well as the regional equity Index, also known as the financial indicators.

Opeyemi Omiwale, a double major in economics and business administration with a minor in Communicating Arts, presented on behalf of the consumer confidence team. Also part of this research team were Augustine Ngo Bitjong, Sequoia Borner, Mathhew Botsio, Thy Anh Bui, Pablo Company, Obiageli Ekwunwa, Marika Funakoshi, Uyanga Geletsogt, Faith Ideke, Micheal Jacobs, Tam Pham Bang Le, Kurumi Maeta, Dekotah Miska, Sunyoung Moon, Hung Nguyen, Minh An Nguyen, Angelica Ramache, Alimtra Salimgarieva, Ryan Volz, and Sam Waylee Jr. The students were supervised by associate professor for economics, Rubana Mahjabeen.

The second UW-Superior research group focused on the regional equity index. Their findings were presented by economics and finance double majors, Nikolas Kosman. Also working on this topic were Hung Nguyen, Viktor Sallhag, Olle Sedelius, Yves Leeman, and Micheal Huttner. The team was supervised by Sakib Mahmud, associate professor for economics and sustainable management.

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.
UW-Superior student researchers presented at the 2018 REIF Breakfast in Duluth.

UW-Superior student researchers presented at the 2018 REIF Breakfast in Duluth.

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