We develop a local cohomology theory for FI^m-modules, and show that it in many ways mimics the classical theory for multi-graded modules over a polynomial ring. In particular, we define an invariant of FI^m-modules using this local cohomology theory which closely resembles an invariant of multi-graded modules over Cox rings defined by Maclagan and Smith. It is then shown that this invariant behaves almost identically to the invariant of Maclagan and Smith.
We give bounds for various homological invariants (including Castelnuovo-Mumford regularity, degrees of local cohomology, and injective dimension) of finitely generated VI-modules in the non-describing characteristic case. It turns out that the formulas of these bounds for VI-modules are the same as the formulas of corresponding bounds for FI-modules.
In this paper we study representation theory of the category FI^m introduced by Gadish which is a product of copies of the category FI, and show that quite a few interesting representational and homological properties of FI can be generalized to FI^m in a natural way. In particular, we prove the representation stability property of finitely generated FI^m -modules over fields of characteristic 0.