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ta <br />www.FinanceDTA.com <br />SECTION III <br />RECURRING ANNUAL AND ONE- <br />TIME ECONOMIC IMPACTS <br />Figure S: Annual Recurring Jobs Generated by the Project <br />1,000 <br />900 4 <br />800 <br />700 <br />600 2 <br />500 <br />400 <br />300 <br />200 <br />100 <br />County City <br />Direct Indirect Induced <br />The indirect and induced job estimates for the Project were derived utilizing the <br />IMPLAN Study Model. While the specific location of the additional indirect jobs <br />created within the County cannot be definitively determined, experience and <br />modeling indicate that a large percentage of these jobs will be support service jobs. <br />These jobs are also likely to be located close to the Project and therefore, within the <br />City itself. Similarly, the Project's jobs will lead to more consumer spending by <br />employees in existing retail establishments within the City and County, as well as <br />new retail development that will be attracted to the City and County as a result of <br />this spending. Job creation also results in increased tax revenues to the City and <br />County through increased property taxes and sales taxes related to this new <br />development. <br />However, as a result of potential differences in the timing of the build -out of the <br />Project, the number of employees summarized above will likely not be realized at <br />precisely the same time. Notably, it is estimated that the build -out of the Project will <br />occur over several years, as the demand for some elements of the Project may <br />fluctuate over time. <br />A.Z Total Economic Output <br />"Total Economic Output" represents the total value of all goods and/or services <br />produced throughout a designated economy during a specified period of time, <br />including Labor Income, Other Value Added, and the cost of Intermediate Inputs. <br />Each of these components are defined below. <br />"Labor Income" includes employee compensation (wages and benefits) and <br />payments received by self-employed individuals and unincorporated <br />South Coast Technology Center Project May 13 2024 <br />Economic Impact Study <br />13 <br />