Www.GentnerGroup.com E CONOMICS & P UBLIC O PINION R ESEARCH Brad Gentner, President NFHAP Online...

www.GentnerGroup.com

ECONOMICS & PUBLIC OPINION RESEARCH

Brad Gentner, President

NFHAP Online Economic Impact Calculator


Value vs. Impact

• Economic Value– A normative metric– Monetizes the value people place on resources. – Is society better or worse off as the result of a

policy?

• Economic Impacts– A positive metric– Examines the flow of expenditures through a

community.– Who wins and who loses as a result of a policy?


$5

$1

$0.50

$0.10

$0.10

$0.10

$0.05

$3.25

$0.05

$10.20

$0.05

$1$0.50

CountyLine

Economic Impacts


Definitions

• Jobs– Annual average of monthly jobs– Can be full or part time

• Total Sales– Total value of industry production

• Value Added– Sales minus costs– Contribution to GDP

• Income– Wages, benefits and income to business owner


Constructing the Model (Aggregate, aggregate,

aggregate)

• Models based on aggregations– Can’t capture every industry

• IMPLAN based on NAICS– NAICS has thousands of industry categories– IMPLAN aggregates that down to 524 sectors, including the

public sector

• Modeler must:– Match appropriate sectors to expenditure categories– Balance ease of use with accuracy

• Decided to include 5 calculator entry categories– Project state– Freshwater/saltwater– 3 expenditure categories


Methodology

• Reviewed past projects• Developed categories

– Administration/Technical Consulting– Construction Materials– Construction Labor

• Freshwater/Saltwater• Results in 6 custom aggregated

industry sectors


Methodology

• Find industries in IMPLAN that match those expenditures

• If it is a composite, aggregate across industries

• Freshwater/Saltwater– Primary difference in materials and labor– Saltwater tends to use the same materials as freshwater

except marine aquaculture products (oysters etc.)– Saltwater tends to use the same labor except it also

uses barges and boats• Reservoir projects, or those projects with a

substantial amount of boat time and/or aquaculture products, should select freshwater


Administrative Expenditures

• Engineering services• Biological Consulting• GIS Services• Grant and contract administration• FHP salaries• Project management activities• Project management supplies• Etc.


Construction Materials

• Plants• Sand, gravel, concrete• Culverts• Tools• Critters• Miscellaneous supplies


Construction Labor

• Time spent working onsite• Heavy equipment time• Barge or boat time• Etc.


Aggregated Sectors

Saltwater Projects Freshwater ProjectsExpenditure

Category IMPLAN SectorExpenditure

Category IMPLAN Sector

Administration

Biological Analysis

Sector 445: Environmental and Other Technical Consulting Services

Biological AnalysisSector 445:

Environmental and Other Technical Consulting

Services

Engineering Engineering

GIS Mapping GIS Mapping

Other Technical Consultants Other Technical Consultants

Project ManagementSector 452: Office

Administration ServicesProject Management

Sector 452: Office Administration Services

Fundraising GrantmakingSector 492: Grantmaking

and Social AdvocacyFundraising Grantmaking

Sector 492: Grantmaking and Social Advocacy

Construction Materials

Sand and GravelSector 25: Sand Gravel and

Refractory MiningSand and Gravel

Sector 25: Sand Gravel and Refractory Mining

Nursery MaterialsSector 6: Greenhouses and

Nursery ProductionNursery Materials

Sector 6: Greenhouses and Nursery Production

OystersSector 13: Animal

Production, Except Cattle, Poultry and Eggs

ConcreteSector 404: Building Supply and Garden

Supply StoresConcrete

Sector 404: Building Supply and Garden Supply Stores

Culverts

Miscellaneous Hardware and Building Materials

Miscellaneous Hardware and Building Materials

Construction Labor

Heavy Equipment Operators Sector 45: Other New Construction

Heavy Equipment Operators Sector 45: Other New Construction

Manual Labor Manual Labor

Barge OperatorSector 393: Water

Transportation


Model Creation

• Model for each state created in IMPLAN

• Sectors aggregated and multipliers created in SAS– Faster– No data entry error

• Multipliers exported to database• Online calculator constructed


Model

• http://gentnergroup.com/NFHAP/


Summary

• Very easy to use• Email me for the login details• Email me with any questions or

problems

Www.GentnerGroup.com E CONOMICS & P UBLIC O PINION R ESEARCH Brad Gentner, President NFHAP Online...

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