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Table 2: Project's One-Time/Construction Impacts on the City (DTA EIA)
<br />•Impacts
<br />Employment
<br />13,869
<br />2,965
<br />16,834
<br />Overall Economic Output
<br />$2,091,942,500
<br />$581,697,147
<br />$2,673,639,647
<br />Labor Income
<br />$1,269,139,520
<br />$210,631,484
<br />$1,479,771,004
<br />Other Value Added
<br />$370,036,466
<br />$156,577,043
<br />$526,613,510
<br />Intermediate Inputs
<br />$452,766,514
<br />$214,488,620
<br />$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 />ImpactsRecurring Annual
<br />Employment
<br />1,302
<br />284
<br />1,586
<br />Overall Economic Output
<br />$279,254,889
<br />$57,963,903
<br />$337,218,792
<br />Labor Income
<br />$71,197,956
<br />$21,471,254
<br />$92,669,210
<br />Other Value Added
<br />$145,851,647
<br />$13,917,290
<br />$159,768,937
<br />Intermediate Inputs
<br />$62,205,285
<br />$22,575,360
<br />$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 />City of Santa Ana
<br />Economic Impacts Resulting from the Proposed Related Bristol Specific Plan
<br />Exhibit 10
<br />September 2Z 2023
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