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7.4. EDSR 04-20-2020
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7.4. EDSR 04-20-2020
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4/17/2020 10:47:36 AM
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City Government
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EDSR
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<br /> 14 <br />In the analysis that follows, the direct impact is the addition of 100 jobs in the selected industry <br />(Figure 1). Adding 100 new jobs in any industry indicates the industry is expanding in the region. <br />As an industry expands, it creates new demand from its suppliers and its workers create new <br />demand as they make purchases. Indirect impacts are created when the industry makes purchases <br />of goods and services from other business. Purchases might include raw goods, electricity, <br />accounting services, and transportation. Induced impacts are created when workers in the <br />industry spend their paychecks. Their purchases might include health care, housing, and <br />groceries. <br /> <br /> <br /> <br /> <br />As these expenditures are made, they help create and support additional jobs in the county. For <br />example, Chart 14 shows the impact of the creation of 100 retail trade jobs in Sherburne County. <br />In total, the economic impact of the addition is 123 jobs. This includes the 100 jobs at retailers, <br />11 indirect jobs at suppliers to the retailers, and 12 induced jobs at businesses that supply <br />workers. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />
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