E CONOMICS & P UBLIC O PINION R ESEARCH Brad Gentner, President NFHAP Online Economic Impact Calculator

Value vs. Impact Economic Value – A normative metric – Monetizes the value people place on resources. – Is society better or worse off as the result of a policy? Economic Impacts – A positive metric – Examines the flow of expenditures through a community. – Who wins and who loses as a result of a policy?

$5 $1 $0.50 $0.10 $0.05 $3.25 $0.05 $10.20 $0.05 $1 $0.50 County Line Economic Impacts

Definitions Jobs – Annual average of monthly jobs – Can be full or part time Total Sales – Total value of industry production Value Added – Sales minus costs – Contribution to GDP Income – Wages, benefits and income to business owner

Constructing the Model (Aggregate, aggregate, aggregate) Models based on aggregations – Can’t capture every industry IMPLAN based on NAICS – NAICS has thousands of industry categories – IMPLAN aggregates that down to 524 sectors, including the public sector Modeler must: – Match appropriate sectors to expenditure categories – Balance ease of use with accuracy Decided to include 5 calculator entry categories – Project state – Freshwater/saltwater – 3 expenditure categories

Methodology Reviewed past projects Developed categories – Administration/Technical Consulting – Construction Materials – Construction Labor Freshwater/Saltwater Results in 6 custom aggregated industry sectors

Methodology Find industries in IMPLAN that match those expenditures If it is a composite, aggregate across industries Freshwater/Saltwater – Primary difference in materials and labor – Saltwater tends to use the same materials as freshwater except marine aquaculture products (oysters etc.) – Saltwater tends to use the same labor except it also uses barges and boats Reservoir projects, or those projects with a substantial amount of boat time and/or aquaculture products, should select freshwater

Administrative Expenditures Engineering services Biological Consulting GIS Services Grant and contract administration FHP salaries Project management activities Project management supplies Etc.

Construction Materials Plants Sand, gravel, concrete Culverts Tools Critters Miscellaneous supplies

Construction Labor Time spent working onsite Heavy equipment time Barge or boat time Etc.

Aggregated Sectors Saltwater ProjectsFreshwater Projects Expenditure CategoryIMPLAN Sector Expenditure CategoryIMPLAN Sector Administration Biological Analysis Sector 445: Environmental and Other Technical Consulting Services Biological Analysis Sector 445: Environmental and Other Technical Consulting Services Engineering GIS Mapping Other Technical Consultants Project Management Sector 452: Office Administration Services Project Management Sector 452: Office Administration Services Fundraising Grantmaking Sector 492: Grantmaking and Social Advocacy Fundraising Grantmaking Sector 492: Grantmaking and Social Advocacy Construction Materials Sand and Gravel Sector 25: Sand Gravel and Refractory Mining Sand and Gravel Sector 25: Sand Gravel and Refractory Mining Nursery Materials Sector 6: Greenhouses and Nursery Production Nursery Materials Sector 6: Greenhouses and Nursery Production Oysters Sector 13: Animal Production, Except Cattle, Poultry and Eggs Concrete Sector 404: Building Supply and Garden Supply Stores Concrete Sector 404: Building Supply and Garden Supply Stores Culverts Miscellaneous Hardware and Building Materials Construction Labor Heavy Equipment Operators Sector 45: Other New Construction Heavy Equipment Operators Sector 45: Other New Construction Manual Labor Barge Operator Sector 393: Water Transportation

Model Creation Model for each state created in IMPLAN Sectors aggregated and multipliers created in SAS – Faster – No data entry error Multipliers exported to database Online calculator constructed

Model

Summary Very easy to use me for the login details me with any questions or problems