|
Santa Ana Redhill Development
<br />
<br />
<br />
<br />
<br />Prepared for: City of Santa Ana
<br />
<br />AECOM
<br />27
<br />
<br />
<br />During the Construction phase of the Project, IMPLAN estimates that the direct, indirect, and induced impacts of
<br />Project construction would support 4,454 jobs and generate over $795 million of total economic output for Orange
<br />County, with 2,491 jobs and over $498 million in economic output occurring within the City of Santa Ana.
<br />Employment and output estimates for construction offer insight into the cumulative economic impacts of construction
<br />during the construction phase. For the construction phase, employment repres ents Full Time Equivalencies (FTE),
<br />while for the operations phase, employment includes all wage and salary employees, as well as proprietors. (This is
<br />the same methodology used by the BEA and BLS3.) Thus, construction impacts are one-time impacts, while ongoing
<br />operations impacts can be interpreted as recurring annual impa cts.
<br />Table 18: Industrial Prototype Construction Economic Impacts
<br />Estimated Economic Impact of Industrial Prototype Construction
<br />City of Santa Ana
<br />Impact Employment Labor Income Value Added Output
<br />Direct 501 $39,230,000 $49,600,000 $75,000,000
<br />Indirect 3 $270,000 $450,000 $706,000
<br />Induced 1 $60,000 $118,000 $185,000
<br />Total 506 $39,560,000 $50,100,000 $76,000,000
<br />Rest of Orange County
<br />Impact Employment Labor Income Value Added Output
<br />Direct N/A N/A N/A N/A
<br />Indirect 49 $3,900,000 $6,500,000 $10,000,000
<br />Induced 166 $9,160,000 $16,900,000 $26,470,000
<br />Total 216 $13,100,000 $23,4000,000 $36,500,000
<br />Total Countywide 722 $52,600,000 $73,500,000 $112,500,000
<br />Note: Numbers are rounded and may not sum
<br />Source: IMPLAN, AECOM
<br />
<br />During the Construction phase of the Industrial Prototype, IMPLAN estimates that the direct, indirect, and induced
<br />impacts of construction would support 722 jobs and generate over $112 million of total economic output for Ora nge
<br />County, with 506 jobs and over $75 million in economic output occurring within th e City of Santa Ana.
<br />The economic output from the Construction phases would occur as a one-time impact and does not represent the
<br />generation of operational long-term income or employment.
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />3 Bureau of Labor Statistics employment definitions: https://www.bls.gov/cps/lfcharacteristics.htm#emp
<br />3-254
|