EPD SOLUTIONS, INC. (ENVIRONMENTAL PLANNING DEVELOPMENT SOLUTIONS, INC.) (2)

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Proposal for CEQA Peer Review Aoril 2024 Task 4. Economic Impact Analysis fE The EIA identifies the general economic impacts of the project and quantifies those impacts where possible. General economic output impacts include additions to regional output (gross receipts or sales), earnings (the sum of wages and salaries, proprietors' income, and other labor income), and employment (the number of direct, indirect, and induced jobs created). Task 4.1 - Recurring Job Creation The non-residential land use components of the project will create new permanent recurring on -site jobs in the City. These jobs are considered the direct employment impact of the project. In addition to direct recurring employment, the project will generate recurring off -site jobs within the City, which are the indirect and induced employment impacts of the project. Subtasks under this category include the following: • DTA will estimate the number of new jobs created on -site by each component of the project in the City and the County; and • based on the number of new on -site jobs created, DTA shall calculate new indirect and induced City and County employment based on the IMPLAN input/output modeling system as it applies to the City and County. Task 4.2 - Recurring Sales Impacts Retail sales in the City will increase indirectly with the development of the project as a result of resident and employee purchases made within the City. DTA will analyze the indirect retail sales generated from off -site retail expenditures by residents and employees and the multiplier effect of that spending on the local and regional economy. The multiplier effect will be estimated using data available from IMPLAN. Task 4.3 - Recurring Economic Impacts Based on the recurring employment impacts determined under Task 4.1, DTA shall determine the sum of the wages and salaries associated with these recurring direct, indirect, and induced jobs and the total economic output associated with the project within the City. Task 4.4 - One -Time Output, Wage, and Employment Impact The project will generate one-time increases in output and wages within the City from the construction and development of the project and all related site improvements. DTA will also estimate the number of off -site jobs created in the City through indirect and induced impacts. Indirect and induced impacts represent the multiplier effect of increases in wages and output on all sectors within the City's economy. Task 4.5 - Jobs/Housing Ratio This task includes calculating a Jobs/Housing Ratio as an indicator of the balance between employment and housing opportunities for the project within the City. DTA will utilize U.S. Census data to create the current ratio and determine the overall effect of new job creation on the Jobs/Housing Ratio. Task 4.6 - Prepare Handout For EIA's Conclusions DTA shall prepare a summary of the EIA's conclusions in the form of a handout suitable for submittal to and review by the City. Should a full report be requested by the City, if needed Task 6 shall apply. Task 5. Full Report of Fiscal Impact Analysis and Economic Impact Analysis (IF NEEDED) Upon the City's request, DTA shall prepare a Full Report of the fiscal and economic impacts of the project, plus numerous charts and tables, to be presented to the City with the model as an appendix. Please note that DTA shall make minor revisions to the Full Reports after submittal to the City, such as grammatical, calculation, and structural edits. However, any major revisions to the Full Report, including land use changes or revised assumptions, will result in a change order.