project home economic impact study final 2012-06-29

8/11/2019 Project HOME Economic Impact Study FINAL 2012-06-29

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ECONOMICANDFISCALIMPACTOF

PROJECTH.O.M.E.WELLNESSCENTER

FinalReportSubmittedTo:

ProjectH.O.M.E.

1515FairmountAvenue

Philadelphia,PA19130

Final

Report

Submitted

By:

EconsultCorporation

1435WalnutStreetSuite300

PhiladelphiaPA19102

June29,

2012


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EconomicandFiscalImpactofProjectH.O.M.E.WellnessCenter pageii

ECONSULTCORPORATION June29,2012

TABLEOFCONTENTS

1.0 Introduction 1

2.0 Methodology 2

3.0 UpfrontConstruction 3

4.0 OngoingOperations 6

5.0 FiscalImpact 9

6.0 RACPEconomicImpactMetrics 11

AppendixAEconomicandFiscalImpactModelMethodology A1

AppendixBEstimatedIndustryDistributionofEconomicImpactfromUpfront

Construction

A4

AppendixCEstimatedIndustryDistributionofEconomicImpactfromOngoing

Operations

A6


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EconomicandFiscalImpactofProjectH.O.M.E.WellnessCenter page1


1.0 INTRODUCTION

ProjectH.O.M.E.proposestheconstructionoftheWellnessCenter,afederallyqualifiedHealth

Center that will serve as a central location for the provision of community health services.

Accordingto

Project

H.O.M.E.s

2011

2016

Strategic

Plan,

the

Wellness

Center

will

assist

in

increasingaccesstoprimary,behavioral,andspecialtyhealthcareservicesandwillhelppeople

who are experiencing homelessness, aswell as for ProjectH.O.M.E.s residents, alumni and

children,andyouthandadultswholive,work,orgotoschoolinNorthCentralPhiladelphia.

ProjectH.O.M.E.smission is toempoweradults, children,and families tobreak the cycleof

homelessness and poverty, to alleviate the underlying causes of poverty, and to enable

everyonetoattaintheirfullestpotentialasindividualsandasmembersofthebroadersociety.

TheproposedWellnessCenterisanimportantcontributiontotheachievementofthismission

andaparticularlyvitalpartofeliminatinghealthdisparities.

Because of the important societal benefits that ProjectH.O.M.E provides, its economic and

fiscal impacts are often overlooked. However, the proposed Wellness Center will be a

significant sourceofeconomic stimulus,both from its initial constructionaswellas from its

ongoingoperations.

Thisreportisintendedtoidentifyandestimatetheeconomicandfiscalimpactsassociatedwith

the Wellness Centers upfront construction and ongoing operations to both the City of

Philadelphia and to theCommonwealthofPennsylvania. First,amethodologybywhich the

spillovereffectsoftheprojectsanticipateddirectexpenditurescanbeestimated isdescribed

(Section2). Then,economic impacts for theprojectsupfrontconstructionphase (Section3)

andongoingoperationsphase(Section4)areestimatedanddiscussed. Finally,fiscal impacts

resulting from these economic expansions are determined (Section 5). Because one of the

functionsofthisreport istodescribeeconomic impactforthepurposesofapplyingforfunds

from the Commonwealth through its RedevelopmentAssistanceCapital Program (RACP), an

explanationofthepertinentmetricsassociatedwiththe projectisprovided(Section6).


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2.0 METHODOLOGY1

To determine the scale and composition of economic impact from theWellness Center, an

economicimpactmodelwasconstructedthatutilizedmultiplierdatafromtheUSDepartment

ofCommerces

Regional

Input

Output

Modeling

Systems

(RIMS

II)

to

estimate

the

composition

andscaleofexpenditures,employment,andearningsassociatedwiththeproject. Thismodel

estimated two formsofadditionalspillover impacts resulting fromthedirectexpendituresof

theproject:

1. Indirectexpendituresaregeneratedaslocalvendorsincreaseproductioninresponseto

the initial expenditures. New expenditures on inputs and services (e.g. equipment,

materials,professionalservices)causesuppliersofthoseinputsandservicestorampup

production, and to acquire additional inputs and services from their suppliers, who

themselveswill do the same. The sum of these economic activities is known as the

indirectexpenditures,

and

they

support

additional

employment

and

earnings

beyond

theemploymentandearningssupportedbythedirectexpenditures.

2. Inducedexpendituresaregeneratedasemployeesspendtheirearningswithinthelocal

economy. New expenditures on people (i.e. salaries) provide those people with

additionalspendingpower.Someofthatspendingpowerisexercisedwithintheregion,

supporting local providers of various goods and services (e.g. food, entertainment,

lodging,transportation).Thesumoftheseeconomicactivitiesisknownastheinduced

expenditures,and theyalso supportadditionalemploymentandearningsbeyond the

employmentandearningssupportedbythedirectexpenditures.

Thesedirect, indirect, and induced expenditures support a certain scale and composition of

employment and earnings, which can also be estimated using RIMS II multipliers. For the

purposesofthisreport,theunitsofgeographyforwhichestimatesweremadeweretheCityof

Philadelphia and the Commonwealth of Pennsylvania. Fiscal impacts for the City and

Commonwealthwerealsoderived,via theconstructionofa fiscal impactmodel thatutilized

JourneytoWorkdataavailablethroughtheUSCensusBureautoapportionvariousamounts

andkindsofeconomicactivityintovarioustaxbaseamountsfortheCityandCommonwealth,

which were then multiplied through by the appropriate tax rates to arrive at tax revenues

generatedtotheCityandCommonwealth.

1SeeAppendixAforadditionaldetailonEconsultseconomicandfiscalimpactmethodology.


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3.0 UPFRONTCONSTRUCTION

3.1 Overview

Upfrontconstruction

of

the

Wellness

Center

represents

aone

time

economic

stimulus

for

the

CityandCommonwealth. Thesedirectexpendituresrepresentnetnewinfusionsofeconomic

activity intotheCityandCommonwealth,sincetheywouldnothavetakenplacewithoutthe

project. The economic impact model described in Section 2 is used to translate direct

expendituresassociatedwithupfrontconstructionoftheprojectintoanestimatedamountand

compositionofonetimeeconomicimpact(inexpenditures,employment,andearnings)atthe

CityandCommonwealthlevel.

3.2

DirectExpenditures

from

Upfront

Construction

BasedonprojectionsprovidedbyProjectH.O.M.E.,theproposedWellnessCenterisestimated

tohaveanupfrontconstructioncostofabout$11.0million. Tobeconservative,expenditure

categories suchas landacquisition, financingcosts,andprojectcontingencieswereexcluded

frominputoutputmodelingworkbecausetheydonotalwaysrepresentthepurchaseoflocal

goods and services. The $2.3 million of land acquisition, financing costs, and project

contingencieswas therefore removed, leaving amodelableupfront project cost estimate of

about$8.6millioninconstructioncostsandprofessionalservices(seeTable3.1).

Table3.1DirectExpendituresAssociatedwithUpfrontConstruction(in2012$M)2

Category Actual Amount Modelable Amount

Hard Costs $7.7 $7.7

Soft Costs $1.0 $1.0

Land Acquisition $1.2 $0.0

Financing Costs $0.6 $0.0

Project Contingencies $0.5 $0.0

Direct Expenditures3 $11.0 $8.6

Source:ProjectH.O.M.E.(2012),EconsultCorporation(2012)

2Throughoutthereport,dollarsareexpressedin2012terms.

3Throughoutthereport,totalsmaynotsumexactlyduetorounding.


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3.3 EconomicImpactfromUpfrontConstruction

The$8.6millionofdirectexpendituresassociatedwiththeupfrontconstructionoftheproject

isestimatedtogenerateaconsiderableamountofonetimeeconomic impactwithintheCity

andthe

Commonwealth

(see

Table

3.2).

Within

the

City,

upfront

construction

is

estimated

to

generateabout$13millionintotalexpenditures,supportingabout54jobsandabout$2million

inearningsduringtheconstructionperiod. WithintheCommonwealth,upfrontconstructionis

estimatedtogenerateabout$21million intotalexpenditures,supportingabout180jobsand

about$7millioninearningsduringtheconstructionperiod.4

Table3.2EstimatedOneTimeEconomicImpactofUpfrontConstruction

City Commonwealth

Direct Expenditures ($M) $8.6 $8.6

Indirect and InducedExpenditures ($M)

$4.2 $12.3

Total Expenditu res ($M) $12.8 $20.9

Total Employment 54 180

Total Earnings ($M) $2.1 $6.8

Source:USDepartmentofCommerce(2009),ProjectH.O.M.E.(2012),EconsultCorporation(2012)

3.4 IndustryDistributionofEconomicImpactfromUpfrontConstruction

Theconstruction industrywillgainthemostfromtheupfrontconstructionoftheproject,but

manyother industrieswill alsobepositively impacted (see Table3.3). Within theCity, it is

preliminarily estimated that 40 percent of the expenditure impact and 42 percent of the

employmentimpactwillbeinindustriesbesidesconstruction. WithintheCommonwealth,itis

preliminarily estimated that 63 percent of the expenditure impact and 60 percent of the

employmentimpactwillbeinindustriesbesidesconstruction.5

4Commonwealth impactsare larger thanCity impacts,even thoughdirectexpendituresare thesame,because

spillover impactscontinue toemanatebeyond theCitysboundariestoareasoutside theCity. SincetheCity is

completely containedwithin the Commonwealth, the Commonwealth figures include the City figures, and the

differencebetweenthetworepresentsthe impactthat isestimatedtotakeplace insidetheCommonwealthbut

outsidetheCity.

5 See Appendix B for additional detail on the industry composition of the economic impact from upfront

construction.


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Table3.3EstimatedIndustryDistributionofOneTimeEconomicImpactfromUpfront

Construction

Expenditure Impact within the City %Expenditure Impact within theCommonwealth %

Construction 59.9% Construction 36.9%

Professional, scientific, and technicalservices 12.9% Manufacturing 13.6%

Manufacturing 4.4%Professional, scientific, and technicalservices 10.0%

Real estate and rental and leasing 4.2% Real estate and rental and leasing 6.1%

Finance and insurance 3.3% Retail trade 5.3%

All other industries 15.2% All other industries 28.1%

Employment Impact within the City %Employment Impact within theCommonwealth

%

Construction 58.3% Construction 40.1%

Professional, scientific, and technicalservices 11.1%

Retail trade 10.1%

Retail trade 5.9%Professional, scientific, and technicalservices

8.8%

Accommodation and food services 3.8% Manufacturing 7.3%

Health care and social assistance 3.8% Health care and social assistance 7.2%




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4.0 ONGOINGOPERATIONS

4.1 Overview

Ongoingoperations

of

the

Wellness

Center

represent

an

annual

economic

stimulus

for

the

City

andCommonwealth. Thesedirectexpendituresrepresentnetneweconomicactivity intothe

City and Commonwealth, since theywould not have taken place without the project. The

economic impact model described in Section 2 is used to translate direct expenditures

associatedwithongoingoperationsoftheproject intoanestimatedamountandcomposition

of annual economic impact (expenditures, employment, and earnings) at the City and

Commonwealthlevel.

4.2

DirectExpenditures

from

Ongoing

Operations

BasedinpartonproformastatementsprovidedbyProjectH.O.M.E.,6theprojectisestimated

to generate about $5.3 million in annual operating expenditures at steady state (see Table

4.1).7 Muchoftheseexpendituresareassociatedwiththeprovisionofvarioushealthservices,

withtheremainderassociatedwithsupportiveservices,supplies,andoverhead.

Table4.1DirectExpendituresAssociatedwithOngoingOperations(in$M)

Annual Operat ing Budget Amount

Health Care $3.1

Administration $2.0

Utilities $0.1

Maintenance $0.1

Total Expenditures $5.3

Source:ProjectH.O.M.E.(2012),EconsultCorporation(2012)

6Mostof theanticipatedoperatingexpendituresassociatedwith theprojectareknownat this time. Financial

projections for twoof the projects service lines arenot known at this time,but square footage amounts are

known,andsolowendestimatesofindustryaveragesofannualoperatingexpendituresonapersquarefootbasis

fortheseuseswereusedtoarriveataconservativefigureforthoseoperatingexpenditures.

7 Theproject isprojected toarrive ata steadystate levelby Year5,atwhichpoint itwillbeoperatingat full

capacity.


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4.3 EconomicImpactfromOngoingOperations

Thisamountofdirectexpenditures isestimatedtogenerateaconsiderableamountofannual

economic impact within the City and the Commonwealth (see Table 4.2). Within the City,

ongoingoperations

are

estimated

to

generate

about

$8.8

million

in

total

expenditures,

supporting about 60 jobs and about $2.2 million in earnings each year. Within the

Commonwealth, ongoing operations are estimated to generate about $12.3million in total

expenditures,supportingabout135jobsandabout$4.1millioninearningseachyear.8

Table4.2EstimatedAnnualEconomicImpactofOngoingOperations

City Commonwealth

Direct Expenditures ($M) $5.3 $5.3

Indirect and InducedExpenditures ($M)

$3.5 $7.1

Total Expenditu res ($M) $8.8 $12.3

Total Employment 59 135

Total Earnings ($M) $2.2 $4.1


4.4 IndustryDistributionofEconomicImpactfromOngoingOperations

Thehealthcareandsocialassistanceindustrywillgainthemostfromtheongoingoperationsof

theproject,butmanyotherindustrieswillalsobepositivelyimpacted(seeTable4.3). Within

the City, it is estimated that 62 percent of the expenditure impact and 59 percent of the

employmentimpactwillbeinindustriesbesideshealthcareandsocialassistance. Withinthe

Commonwealth, it isestimated that70percentof theexpenditure impactand64percentof

theemploymentimpactwillbeinindustriesbesideshealthcareandsocialassistance.9

8Commonwealth impactsare larger thanCity impacts,even thoughdirectexpendituresare thesame,because

spillover impactscontinue toemanatebeyond theCitysboundariestoareasoutside theCity. SincetheCity is

completely containedwithin the Commonwealth, the Commonwealth figures include the City figures, and the

differencebetweenthetworepresentsthe impactthat isestimatedtotakeplace insidetheCommonwealthbut

outsidetheCity.

9 See Appendix B for additional detail on the industry composition of the economic impact from ongoing

operations.


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Table4.3EstimatedIndustryDistributionofAnnualEconomicImpactfromOngoing

Operations

Expenditure Impact within the City %Expenditure Impact within theCommonwealth %


Administrative and waste managementservices 26.5%


Real estate and rental and leasing 7.2% Manufacturing 9.0%

Professional, scientific, and technicalservices 4.3% Real estate and rental and leasing 7.6%

Finance and insurance 4.2% Finance and insurance 5.1%


Employment Impact within the City %Employment Impact within theCommonwealth

%




Accommodation and food services 4.2% Retail trade 6.1%

Professional, scientific, and technicalservices 2.4% Accommodation and food services 4.4%

Transportation and warehousing 2.2% Manufacturing 3.2%




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5.0 FISCALIMPACT

5.1 Overview

Theupfront

construction

and

ongoing

operations

associated

with

Project

H.O.M.E.s

Wellness

CenterhastheeffectofexpandingvariousCityandCommonwealthtaxbases,thusgenerating

additionaltaxrevenuesfortheCityandCommonwealth. Thefiscalimpactmodeldescribedin

Section2isusedtoestimatetheseamounts.

5.2 FiscalImpactfromUpfrontConstruction

Thetemporaryexpansionineconomicactivitythroughtheupfrontconstructionoftheproject

andthrough

the

indirect

and

induced

expenditures

that

result

from

those

direct

expenditures

willalsoexpandvariousCityandCommonwealthtaxbases(seeTable5.1). Itisestimatedthat

theCitywill gain about $125,000 and theCommonwealthwill gain about $461,000 in tax

revenuesduringtheconstructionperiodasaresult.

Table5.1EstimatedOneTimeFiscalImpactfromProject(UpfrontConstruction)(In$000)

City of PhiladelphiaCommonwealth ofPennsylvania

Wage and Earnings $76 Personal Income $207

Sales $8 Sales and Use $201

Business Privilege $41 Corporate Net Income $53

Total City TaxRevenues

$125Total CommonwealthTax Revenues

$461


5.3

FiscalImpact

from

Ongoing

Operations

Theongoingexpansion ineconomicactivitythroughtheongoingoperationsofthe project

andthroughtheindirectandinducedexpendituresthatresultfromthosedirectexpenditures

willalsoexpandvariousCityandCommonwealthtaxbases(seeTable5.2). Itisestimatedthat

the Citywill gain about $90,000 and the Commonwealthwill gain about $300,000 in tax

revenueseachyearasaresult.


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6.0 RACPECONOMICIMPACTMETRICS

ThetablebelowprovidesthenecessaryeconomicimpactmetricsforthepurposesoftheRACP

application. Italsoreferencesthetableortablesfromwhichthosefiguresarederived.

Pro formastatements forYear1werenotavailable. It isestimatedbyProjectH.O.M.E.that

ongoingoperationsinYear1willberoughly80percentofthesteadystatelevelsestimatedin

existingproformastatements. Therefore,itisassumedthatYear1impactswillbe80percent

ofYear5impacts.

Table6.1RACPEconomicImpactMetrics

Question Column A (Priorto Project)

Column B (1-Year)

Column C (5-Year)

Table Reference

A-1(a) 46 57 4.2

A-1(b)

A-2(a)

A-2(b)

B(a)

B(b)

C 62 77 4.2

D 74 3.2

E $30,400 $30,400 4.2

F $30,400 $30,400 4.2

G $37,400 3.2

H No

I $4.2 million $5.3 million 4.2

J $5.7 million $7.1 million 4.2K $243,000 $304,000 5.2

Source:EconsultCorporation(2012)


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EconomicandFiscalImpactofProjectH.O.M.E.WellnessCenter pageA1


APPENDIXAECONOMICANDFISCALIMPACTMODELMETHODOLOGY

A.1 EconomicImpactModel

Themethodology

and

input

output

model

used

in

this

economic

impact

analysis

are

considered

standard forestimatingsuchexpenditure impacts,and the resultsare typically recognizedas

reasonableandplausibleeffectsbasedon theassumptions (includingdata)used togenerate

the impacts. Ingeneral,anyeconomicactivitycanbedescribed in termsof the totaloutput

generated fromeverydollarofdirectexpenditures. Ifan industry inagiven region sells$1

millionofitsgoods,thereisadirectinfusionof$1millionintotheregion. Thesearereferredto

asdirectexpenditures.

However,theeconomicimpactontheregiondoesnotstopwiththatinitialdirectexpenditure.

Regionalsupplierstothat industryhavealsobeencalleduponto increasetheirproductionto

meetthe

needs

of

the

industry

to

produce

the

$1

million

in

goods

sold.

Further,

suppliers

of

these same suppliersmust also increase production tomeet their increased needs aswell.

These are referred to as indirect expenditures. In addition, these direct and indirect

expenditures requireworkers,and theseworkersmustbepaid for their labor. Thesewages

andsalarieswill,inturn,bespentinpartongoodsandservicesproducedlocally,engendering

anotherroundofimpacts. Thesearereferredtoasinducedexpenditures.

DirectexpendituresarefedintoamodelconstructedbyEconsultCorporationandbasedondata

providedbytheUSDepartmentofCommercesBureauofEconomicAnalysisthroughitsRegional

InputOutputModeling System (RIMS II). Themodel then produces a calculation of the total

expenditure effect on the regional economy. This total effect includes the initial direct

expenditureeffect,

as

well

as

the

ripple

effects

described,

the

indirect

and

induced

expenditure

effects.

Partof the totalexpenditureeffect is actually the increase in totalwagesand salaries (usually

referredtoasearnings),whichthemodelcanseparate fromtheexpenditureestimates. Direct

payrollestimatesarefedintothehouseholdindustryoftheinputoutputmodel. Impactsofthis

industryareestimatedusing thepersonalconsumptionexpenditurebreakdownof thenational

inputoutputtableandareadjustedtoaccountforregionalconsumptionspendingand leakages

from personal taxes and savings. The direct, indirect, and induced earnings represent a

componentof the totaleconomic impactattributable towagesand salaries.Finally, themodel

calculatesthe

total

expenditures

affecting

the

various

industries

and

translates

this

estimate

into

anestimateofthetotallabor(orjobs)requiredtoproducethisoutput.10

10 Inthe inputoutputmodel,theestimateof increasedemploymentwillalwaysbe intermsoftheemployment

required for a given level of production, usually referred to aspersonyears of employment. As such, these

estimatescannotbeinterpretedasspecifyingpermanentjobs.


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Inshort,the inputoutputmodelestimatesthetotaleconomicactivity inaregionthatcanbe

attributed to thedirectdemand for thegoodsor servicesofvarious industries. This typeof

approach is used to estimate the total economic activity attributable to the expenditures

associatedwithvarioustypesofspendingintheregion.

A.2 FiscalImpactModel

TheRIMSIImodelprovidesestimatesoftheeconomicimpactofanewprojectorprogramon

the regional economy. It does not, however, estimate the fiscal impact of the increased

economicactivityonstateandlocalgovernments.Econsulthasconstructedamodelthattakes

theoutputfromtheRIMS IImodelandgeneratesdetailedestimatesofthe increases instate

and localtaxcollectionsthatarisefromthenewproject.Thoserevenuesare infactapartof

thetotal

economic

impact

of

anew

project

that

is

often

ignored

in

conventional

economic

impactanalyses.

TheRIMS IImodelprovidesestimatesofdirect, indirect,and inducedexpenditures,earnings,

and employmentwithin the defined region. The Econsult fiscal impactmodel combines the

RIMSIIoutputwithU.S.CensusBureauCountyBusinessPatternsdatatoproduceestimatesof

thedistributionofadditionalemploymentandearningsbycounty.Inaddition,the2000Census

Journey to Work data on commuting flows are utilized to estimate income earned by

residentsofeachcountywithintheregion,regardlessofwheretheywork.Thefiscalmodelcan

then estimate the increase in earned income taxes by county and for the state as awhole

resulting from the new project. For complex cases, like Philadelphia, the model can

differentiatebetween

residents

and

nonresidents

and

apply

the

proper

wage

tax

rate.

Pennsylvania state business and sales taxes, as well as business taxes in Philadelphia, are

estimatedbasedon themost recentdataonaverage sales taxbaseperemployeebymajor

industry,ascontainedinpublicationsfromthePennsylvaniaDepartmentofRevenue.


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FigureA.1GlossaryofTermsforInputOutputModels

Multiplier Effect the notion that initial outlays have a ripple effect on a local economy, to

the extent that direct expenditures lead to indirect and induced expenditures.

Economic Impacts total expenditures, employment, and earnings generated.

Fiscal Impacts local and/or state tax revenues generated.

Direct Expenditures initial outlays usually associated with the project or activity beingmodeled; examples: one-time upfront construction and related expenditures associatedwith a new or renovated facility, annual expenditures associated with ongoing facilitymaintenance and/or operating activity.

Direct Employment the full time equivalent jobs associated with the direct expenditures.Direct Earnings the salaries and wages earned by employees and contractors as part ofthe direct expenditures.

Indirect Expenditures indirect and induced outlays resulting from the directexpenditures; examples: vendors increasing production to meet new demand associatedwith the direct expenditures, workers spending direct earnings on various purchases withinthe local economy.

Indirect Employment the full time equivalent jobs associated with the indirectexpenditures.

Indirect Earnings the salaries and wages earned by employees and contractors as partof the indirect expenditures.

Total Expenditures the sum total of direct expenditures and indirect expenditures.

Total Employment the sum total of direct employment and indirect employment.

Total Earnings the sum total of direct earnings and indirect earnings.

Source:EconsultCorporation(2009)


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APPENDIXBESTIMATEDINDUSTRYDISTRIBUTIONOFECONOMICIMPACT

FROMUPFRONTCONSTRUCTION

TableB.1EstimatedExpenditureDistributionofEconomicImpactwithintheCityfrom

UpfrontConstruction

Rank IndustryExpenditures

($M) %

1 Construction $7.7 59.9%

2 Professional, scientific, and technical services $1.7 12.9%

3 Manufacturing $0.6 4.4%

4 Real estate and rental and leasing $0.5 4.2%

5 Finance and insurance $0.4 3.3%

All other industries $1.9 15.2%


TableB.2EstimatedEmploymentDistributionofEconomicImpactwithintheCityfrom

UpfrontConstruction

Rank Industry Employment %

1 Construction 31.7 58.3%

2 Professional, scientific, and technical services 6.0 11.1%

3 Retail trade 3.2 5.9%

4 Accommodation and food services 2.1 3.8%

5 Health care and social assistance 2.1 3.8%

All other industries 9.3 17.2%



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TableB.3EstimatedExpenditureDistributionofEconomicImpactwithinthe

CommonwealthfromUpfrontConstruction


($M) %

1 Construction $7.7 36.9%




5 Retail trade $1.1 5.3%



TableB.4EstimatedEmploymentDistributionofEconomicImpactwithinthe

CommonwealthfromUpfrontConstruction


1 Construction 72.4 40.1%



4 Manufacturing 13.2 7.3%





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APPENDIXCESTIMATEDINDUSTRYDISTRIBUTIONOFECONOMICIMPACT

FROMONGOINGOPERATIONS

TableC.1EstimatedExpenditureDistributionofEconomicImpactwithintheCityfrom

OngoingOperations


($M) %

1 Health care and social assistance $3.4 38.4%

2 Administrative and waste management services $2.3 26.5%






TableC.2EstimatedEmploymentDistributionofEconomicImpactwithintheCityfrom

OngoingOperations



2 Administrative and waste management services 22.7 38.6%



5 Transportation and warehousing 1.3 2.2%




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ECONSULT CORPORATION J 29 2012

TableC.3EstimatedExpenditureDistributionofEconomicImpactwithinthe

CommonwealthfromOngoingOperations


($M) %

1 Health care and social assistance $3.7 30.4%

2 Administrative and waste management services $2.5 20.0%






TableC.4EstimatedEmploymentDistributionofEconomicImpactwithinthe

CommonwealthfromOngoingOperations



2 Administrative and waste management services 40.4 30.0%



5 Manufacturing 4.3 3.2%



project home economic impact study final 2012-06-29

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