Exploring the influences on our region's economy.

National Bank of Commerce, together with leading area educational institutions and business frontrunners, has launched a comprehensive research initiative to drive growth, prosperity and collaboration across our region.

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

Map of R.E.I.F countiesThe 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.

Next Forum: Tuesday, October 31, 2017 7-9 am
Topic: Economics of the Region’s Water Resources
DECC: Lake Superior Ballroom
Keynote Speaker: to be announced

To download or view the full presentation from March 28, click here.
2016 2015 2014

Prior REIF Presentations and Reports:

2016 Annual Report 2015 Annual Report October 2014 Full Report
November 2016 Presentation October 2015 Presentation October 2014 Presentation 
March 2016 Presentation March 2015 Full Report March 2014 Full Report
  March 2015 Presentation