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 />
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