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Richard M. Gollis, Principal THE CONCORD GROUP June 3, 2020 Page 14 non-residential (5 percent). For permanent impacts, the estimated sales from the residential complex, the restaurant space, and the retail space were used. IMPLAN breaks down the resulting employment and other effects into three categories: direct, indirect, and induced: • Direct Effects — Refers to the direct effects that occur on the Project site resulting from development costs and operational sales revenue. Indirect Effects — Changes in sales, jobs, and/or income within the businesses that supply goods and services to the Project. Indirect effects do not occur directly on the Project -site but are an indirect effect to surrounding or related businesses. Induced Effects — Regional changes resulting from additional spending earned either directly or indirectly from the Project. RSG utilizes the FTE conversion of total employment generally preferred in Public Policy. FTE employment numbers, as opposed to residents, present total employment through the lens of hours worked; summarizing then dividing by how many 40-hour work weeks are generated by the investment. The IMPLAN analysis concludes that the temporary construction component of the Project will result in 510 direct FTE jobs, 47 indirect FTE jobs, and 214 induced FTE jobs the majority of which will be in Santa Ana. The permanent impacts attributed to the Project are 35 FTE jobs related to the operations of both the residential building itself, as well as the retail and restaurant components of the Project. This includes 25 direct, 4 indirect, and 5 induced jobs to the region. Table 10 outlines the aforementioned FTE jobs generated by the Project. 75C-458