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2.0 EXECUTIVE SUMMARY <br />Table 2-1: Summary of Construction Phase Impacts (Sum of Direct, Indirect, and Induced) <br />The Madison <br />City Remainder of County <br />Impact Category Total County Total <br />Output (OOOs) $98,940 $15,296 $114,236 <br />Value Added (OOOs) $65,912 $10,512 $76,424 <br />Employment 584 93 677 <br />Employee Compensation (OOOs) $31,729 $4,355 $36,084 <br />Source: TNDG; IMPLAN <br />2.2. Permanent Impacts to Regional Economy <br />This section provides a summary of the permanent benefits to the City and Orange County. These <br />benefits would result from local spending (i.e., in the City and in remaining areas of the County) by new <br />residents, along with expenditures associated with managing/operating the apartment complex. The <br />summary includes the sum of all direct, indirect, and induced impacts, as shown on Table 2-2 on the <br />following page. The permanent impacts would include the following: <br />Output: On an annual basis, new residents and the apartment complex would generate approximately <br />$8.2 million in total economic activity in the City, through direct, indirect, and induced impacts. In <br />addition, these two sources would generate approximately $1.7 million in total economic activity in the <br />remainder of the County. Thus, the project would generate approximately $9.9 million in total economic <br />activity in Orange County on an annual basis. <br />Value Added: On an annual basis, new residents and the apartment complex would generate <br />approximately $5.5 million in total value added in the City, through direct, indirect, and induced <br />impacts. In addition, these two sources would generate an additional $1.1 million in value added in the <br />remainder of the County. Thus, the project would generate approximately $6.6 million in total value <br />added in Orange County on an annual basis. <br />Employment: On an annual basis, new residents and the apartment complex would generate <br />approximately 77 jobs in the City, through direct, indirect, and induced impacts. In addition, these two <br />sources would generate approximately 11 jobs in the remainder of the County. Thus, the project would <br />generate approximately 88 total jobs in Orange County on an annual basisb. <br />6 As noted above, this total includes both part- and full-time employees. Based on factors provide in the IMPLAN <br />model, the construction phase would generate approximately 76 full-time equivalent (FFE) jobs in the County. <br />THE NATELSON DALE GROUP, INC. Page 6 <br />DRAFT Economic Impact Analysis <br />The Madison (Santa Ana, CA) <br />75A-103 <br />