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ta <br />www.FinanceDTA.com <br />II INTRODUCTION <br />A Purpose of the Study <br />SECTION II <br />INTRODUCTION <br />The objective of this Economic Impact Study (the "Study") is to analyze the economic <br />impacts of the proposed industrial use development known as South Coast Technology <br />Center (the "Project") within the City of Santa Ana (the "City') in the County of Orange <br />(the "County"), California. <br />This Study identifies the general economic impacts of the Project on the County and City. <br />General economic impacts include additions to the County's and City's employment <br />(number of average annual full-time and part-time jobs), economic output (e.g., gross <br />receipts), and earnings (the sum of wages, salaries and benefits, and other labor income). <br />Economic impact studies also operate under the basic assumption that any increase in <br />impacts has direct, indirect, and induced effects as illustrated in Figure 3 below. First, <br />there is a direct effect caused by the additional output of goods or services on -site. <br />Second, there is a ripple of indirect effects on all the industries whose outputs are used <br />by firms located within the Project and various firms' supply chains. Third, there are <br />induced effects that arise when employment increases in the region and stimulates <br />greater household spending. <br />Figure 3: Direct, Indirect, and Induced Impacts <br />South Coast Technology Center Project <br />Economic Impact Study <br />May 13 2024 <br />