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SECTION III
<br />ta
<br />www.FinanceDTA.com
<br />RECURRING ANNUAL AND ONE-
<br />TIME ECONOMIC IMPACTS
<br />Labor Income generated by the Project on -site is anticipated to be $63.1 million.
<br />Table 6: Annual Recurring Labor Income Generated by the Project
<br />EY..
<br />County
<br />$63,120,866
<br />$25,448,599
<br />$19,393,185
<br />$107,962,650
<br />City5
<br />$63,120,866
<br />$12,724,299
<br />$9,696,592
<br />$85,541,758
<br />Note: All numbers are subject to rounding.
<br />The IMPLAN Study Model also includes algorithms that forecast the Other Value Added and
<br />Intermediate Inputs to be generated by the Project. As reflected in Tables 7 and 8, DTA has
<br />estimated that the Project's direct and indirect/induced economic outputs total $317.1
<br />million for the County and $256.1 million for the City. As summarized in Table 8 and
<br />Figure 6, and listed in detail in Appendix A, the total direct economic output generated by
<br />the Project on -site is anticipated to be $195.2 million.
<br />Table 7: Project's Total Annual Recurring Impacts (County)
<br />Overall Economic Output
<br />$195,213,681
<br />$121,843,286
<br />$317,056,967
<br />Labor Income
<br />$63,120,866
<br />$44,841,784
<br />$107,962,650
<br />Other Value Added
<br />$38,616,322
<br />$30,864,849
<br />$69,481,171
<br />Intermediate Inputs
<br />$93,476,494
<br />$46,136,653
<br />$139,613,146
<br />Note: All numbers are subject to rounding.
<br />Table 8: Project's Total Annual Recurring Impacts (City)
<br />Overall Economic Output
<br />$195,213,681
<br />$60,921,643
<br />$256,135,324
<br />Labor Income
<br />$63,120,866
<br />$22,420,892
<br />$85,541,758
<br />Other Value Added
<br />$38,616,322
<br />$15,432,424
<br />$54,048,746
<br />Intermediate Inputs
<br />$93,476,494
<br />$23,068,326
<br />$116,544,820
<br />Note: All numbers are subject to rounding.
<br />5 Assumes 50% of the indirect/induced Labor Income generated in the County will be created within the City.
<br />South Coast Technology Center Project May 13 2024
<br />Economic Impact Study
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