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TABLE 1B <br />ESTIMATE OF ECONOMIC BENEFITS <br />2020 E. 1ST STREET <br />PROPOSED RESIDENTIAL PROJECT <br />Direct (a)140.26 $11,720,202 $28,555,449 <br />Indirect (b)30.58 $2,516,068 $7,304,574 <br />Induced (c)46.12 $3,178,367 $9,107,945 <br />Total 216.95 $17,414,637 $44,967,968 <br />Footnotes: <br />(b) Indirect impacts are economic impacts caused by increases from the use of goods and <br />services of industries that provide the direct goods and services to the proposed Project. <br />Labor Income <br />(a) Direct impacts are economic impacts caused by the output of goods and services on-site. <br />(c) Induced impacts are economic impacts caused by the increase in employment and <br />household spending. <br />EmployementImpact <br />Total <br />Output <br />  <br />  <br />City Council 24 – 286 4/15/2025