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<br />City of Santa Ana September 27, 2023
<br />Economic Impacts Resulting from the Proposed Related Bristol Specific Plan
<br />
<br />Table 2: Project’s One-Time/Construction Impacts on the City (DTA EIA)
<br />
<br />One-Time/Construction Impacts Direct Indirect/Induced Total
<br />Employment 13,869 2,965 16,834
<br />Overall Economic Output $2,091,942,500 $581,697,147 $2,673,639,647
<br />Labor Income $1,269,139,520 $210,631,484 $1,479,771,004
<br />Other Value Added $370,036,466 $156,577,043 $526,613,510
<br />Intermediate Inputs $452,766,514 $214,488,620 $667,255,134
<br />Note: All numbers are subject to rounding.
<br />The Related EIA estimated aggregate one-time economic impacts of $2,863,156,000 on the
<br />City, approximately 7% greater than DTA’s projection. The difference in the impact
<br />projection may be attributable to small variations in the IMPLAN economic data set and
<br />location assumptions for indirect/induced impacts utilized in Related EIA, as compared with
<br />the DTA EIA. But overall, the results of the Related EIA regarding economic impacts of the
<br />Project were very close to those determined in the DTA EIA.,
<br />E Recurring Economic Impacts of the Project
<br />As shown in Table 3, the annual recurring economic impacts of the Project on the City will
<br />be substantial. First, the Project is anticipated to create 1,302 permanent FTE jobs on-site.
<br />In addition, the Project is expected to generate 284 permanent recurring indirect and
<br />induced full-time/part-time jobs off-site within the City, for a total of 1,586 jobs. As the
<br />City’s total current workforce consists of 141,543 employees, FTE and part-time employees
<br />holding these additional jobs will constitute a 1.12% increase in the size of the City’s current
<br />workforce. The total Labor Income associated with these new jobs will equal $71.2 million
<br />generated annually directly on-site, plus $21.5 million off-site Citywide, for a total increase
<br />in Labor Income of $92.7 million annually within the City. Finally, adding in $159.8 million
<br />in Other Value-Added revenues and $84.8 million in Intermediate Inputs yields a total
<br />recurring Citywide economic output of $337.2 million per year from the Project, which
<br />represents a considerable boost to the City’s economy. Please see Attachment 1-B of this
<br />memorandum for the projected annual recurring economic impacts generated by each land
<br />use of the Project.
<br />Table 3: Project’s Total Recurring Annual Impacts on the City (DTA EIA)
<br />Recurring Annual Impacts Direct Indirect/Induced Total
<br />Employment 1,302 284 1,586
<br />Overall Economic Output $279,254,889 $57,963,903 $337,218,792
<br />Labor Income $71,197,956 $21,471,254 $92,669,210
<br />Other Value Added $145,851,647 $13,917,290 $159,768,937
<br />Intermediate Inputs $62,205,285 $22,575,360 $84,780,645
<br />Note: All numbers are subject to rounding.
<br />F Job-Housing Balance
<br />The jobs-housing balance is an indicator of the relative equilibrium between employment
<br />and housing opportunities in a given area. A positive balance between jobs and housing
<br />has a beneficial impact on a municipality by decreasing costs associated with commuting
<br />Exhibit 10
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<br />City Council 22 – 408 9/17/2024
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