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benefits, which are at 35 percent of these expenditures, are projected to be $672,391. Since <br /> only 84 percent of wage and salary expenditures are actually spent over time in the City,the <br /> local expenditures estimate of $1,613,736 is arrived at by multiplying $1,921,116 by 0.84. <br /> The allocation for benefits is only 7.9 percent, leading to an increase in local expenditures <br /> of $53,119. <br /> The entire amount of $1,613,736 is an increase in personal income because wages <br /> and salaries are components of personal income. But only 20 percent of the generated local <br /> expenditures due to the benefits translate into income. <br /> Since only the impact of wages and salaries is considered in this section, no dividends <br /> are added except those which accrue from the income generated by benefits ($531). Hence <br /> the primary impact on personal income is estimated to be $1,624,891 in 1994, which is the <br /> summation of generated Santa Ana wages and salaries and the dividend income. <br /> As was explained earlier, the added income will induce additional expenditures over <br /> time which will lead to new increments in income in the City.The effect of the expenditures <br /> are thus magnified. Hence, using a multiplier of 2.2, the multiplied economic impact in <br /> 1994 due to job creation by the MRF Project is projected to be a $3,574,760 increase in <br /> income. <br /> Total Economic Impact of Jobs Created by the Proposed MRF Project 94 - 98 <br /> The multiplied total economic impact of the jobs created by the MRF Project in <br /> 1994 is estimated to be $3,574,760 as shown in Table 9. The projected impact on the City <br /> in subsequent years is derived by compounding the 1994 economic impact by the forecasted <br /> 18 <br />