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Once the expenditures were <br />gathered, the economic impact <br />assessment was conducted using a <br />model of the La Crosse County <br />economy. The model, developed for <br />this study by the authors, is a standard <br />input-output model of the County's <br />economy. At the heart of the La Crosse <br />County input-output model is the <br />transactions table. The transactions <br />table maps all flows between buyers <br />and sellers in the economy. One could <br />think of the transactions table as a <br />spreadsheet of the economy with buyers <br />along the columns and sellers down the <br />rows. Individual cells where columns <br />and rows intersect capture the <br />interactions between that particular <br />buyer and seller. <br />By altering these flows between buyers <br />and sellers, one can trace the impact of <br />that change on the whole of the <br />economy. In this case, new buyers are <br />introduced in the form of youth hockey <br />tournament participants and sellers are <br />lodging establishments, restaurants, gas <br />stations, and grocery stores among <br />others. By using the detailed <br />information contained in Table 1 and <br />Figure 6 an assessment of the <br />economic impact of youth hockey <br />tournaments was undertaken. In <br />addition, there is nearly $45,000 paid in <br />tournament registration fees above and <br />beyond the actual expenditures by <br />participants and their families at the <br />tournament itself. <br />IV Economic Impact Results <br />The economic impact of the <br />youth hockey tournaments hosted at the <br />La Crosse and Onalaska ice -rinks is <br />summarized in Table 2 below. In total, <br />the nearly $700,000 in new <br />expenditures brought into the region <br />translates into about 15 jobs and slightly <br />more than $330,000 in aggregate <br />income. Of this $330,000 in income, <br />$210,000 is in the form of labor income, <br />or wages and salaries. The balance of <br />the income is in the form of proprietor <br />income, rents, and profits. <br />Given the nature of the event <br />examined, it is not surprising that the <br />Table 2 Economic Impact Summary <br />bulk of the economic impact falls into <br />the Trade (i.e., retail and whole) and <br />Service (e.g., restaurants and lodging) <br />sectors. Nearly half (49.6 percent) of <br />the employment impact falls into the <br />Services sector and 43.7 percent goes <br />into Retail (Figure 7). The remaining 6.7 <br />percent of the employment impact is <br />scattered across a range of other <br />sectors, but accounts for less than one <br />job in aggregate. <br />Figure 7 Distribution of Economic Impact <br />Jobs <br />sem: un�Mdv�,aaeiswurximsgn <br />In terms of Total Income, a <br />slightly different distribution becomes <br />apparent. Although Trade and Services <br />still account for the majority, at 35.5 and <br />43.3 percent respectively, the general <br />category Other accounts for 21.2 <br />percent of income (Figure 8). In other <br />words, Total Income for each job <br />created in the Trade sector is about <br />$17,600 and about $18,900 for each job <br />in the Services sector. For the broader <br />Other category, Total Income is about <br />$68,500 per job created. <br />Direct <br />Total <br />Multiplier <br />Jobs <br />11.4 <br />14.8 <br />1.3 <br />Labor <br />Income <br />$141,950 <br />$209,700 <br />1.48 <br />Total <br />Income <br />$211,100 <br />$331,900 <br />1.57 <br />bulk of the economic impact falls into <br />the Trade (i.e., retail and whole) and <br />Service (e.g., restaurants and lodging) <br />sectors. Nearly half (49.6 percent) of <br />the employment impact falls into the <br />Services sector and 43.7 percent goes <br />into Retail (Figure 7). The remaining 6.7 <br />percent of the employment impact is <br />scattered across a range of other <br />sectors, but accounts for less than one <br />job in aggregate. <br />Figure 7 Distribution of Economic Impact <br />Jobs <br />sem: un�Mdv�,aaeiswurximsgn <br />In terms of Total Income, a <br />slightly different distribution becomes <br />apparent. Although Trade and Services <br />still account for the majority, at 35.5 and <br />43.3 percent respectively, the general <br />category Other accounts for 21.2 <br />percent of income (Figure 8). In other <br />words, Total Income for each job <br />created in the Trade sector is about <br />$17,600 and about $18,900 for each job <br />in the Services sector. For the broader <br />Other category, Total Income is about <br />$68,500 per job created. <br />