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However, because of potential differences in the timing of the build -out of the Project, the <br />number of employees summarized above will likely not be realized at the same time. <br />Notably, it is possible that the build -out of the Project will occur over more than one year <br />and the demand for some elements of the Project may fluctuate over time. <br />"Total Economic Output" represents the total value of all goods and/or services produced <br />throughout a designated economy during a specified period of time, including Labor <br />Income, Other Value Added, and the cost of Intermediate Inputs. Each of these components <br />are defined below. <br />"Labor Income" includes employee compensation (wages and benefits) and payments <br />received by self-employed individuals and unincorporated business owners; <br />"Other Value Added" encompasses other property income, such as the consumption of <br />capital investment, profits, royalties, dividends, interest impacts, and taxes on <br />production and imports; and <br />"Intermediate Inputs" include purchases of non -durable goods and services used for <br />the production of other goods and services within a project, rather than for final <br />consumption. Intermediate Inputs equal the Total Economic Output minus the sum of <br />Labor Income and Other Value Added. <br />Similar to the indirect and induced job estimates, the specific location of the additional <br />indirect and induced Labor Income, Other Value Added, and Intermediate Inputs created <br />within the County and City cannot be definitively determined. Since 50% of the additional <br />indirect and induced jobs are assumed to be located close to the Project and within the City <br />as previously discussed, DTA estimated that 50% of those additional indirect and induced <br />economic outputs will be located within the City. <br />D One-time Economic Impacts of the Project <br />As reflected in Table 2, the one-time economic impacts from the construction of the Project <br />on the City will be significant. First, the Project is anticipated to create 13,869 FTE <br />construction jobs on -site during its overall construction period. In addition, the Project is <br />expected to generate 2,965 indirect and induced full-time/part-time jobs off -site within the <br />City, for a total of 16,834 one-time jobs within the City. The total Labor Income associated <br />with these added employees will equal $1,269.1 billion directly on -site, plus $210.6 million <br />off -site but within the City, for a total increase in Labor Income of $1.5 billion Citywide on <br />a one-time basis. Finally, adding in $526.6 million in Other Value -Added revenues and <br />$667.3 million in Intermediate Inputs yields a total one-time Citywide economic output for <br />the Project of $2.67 billion, which represents a significant boost for construction within the <br />City. Notably, the one-time construction output represents the aggregate outputs <br />generated during the overall Project construction period, which could span over more than <br />one year. Please see Attachment 1-A of this memorandum for the projected one-time <br />economic impacts generated by each phase of the Project construction. <br />City of Santa Ana <br />Economic Impacts Resulting from the Proposed Related Bristol Specific Plan <br />Exhibit 10 <br />September 27, 2023 /5 <br />