Central Pike: Construction One Time Impact

Highlights

~ $174 Million Economic Impact from Capital Investment

614 Total Jobs Supported from Capital Investment

Estimated Economic Impact Analysis

from Capital Investment

Capital Investment: $116,700,000
Final Demand Output Multiplier: 1.4989
Economic Impact of Capital Investment: $174,921,630
Direct Jobs: 337
Wilson County Annual Average Wage - Industry Specific: $61,605
Wages Paid to Direct Jobs: $20,760,885
Direct Effect Employment Multiplier: 1.8206
Indirect Jobs Supported (Full-Time Equivalent): 277
Total Jobs Supported (Direct & Indirect): 614
Wilson County Annual Average Wage - All Industries: $47,491
Wages Paid to Indirect Jobs: $13,133,266
Total Wages Paid to Direct and Indirect Jobs: $33,894,151
Wilson County Average Sales Tax: 0.0275
Indirect Sales Tax Generated from Spending: $932,089

Privided Data

We base this analysis summary off data provided by our clients. The Capital Investment ($116,700,000) and the industries are two key factors.

Our Methodology

Younger has invested over 30 years in economic development research refining our economic impact analysis model. We utilize local BEA data and tax data to quantify precise region specific results. Read more about each calculation and terms used within this report.

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*2012/2017 BEA Vintage Multipliers used for weighted 84% construction aggregate and 16% wholesale trade aggregate. ( $96,750,000 real property + $19,950,000 personal property = $116,700,000 total capital investment.)

**Wages used to project taxes where weighted 84% construction average annual wage and 16% trade, transportation and utilities average annual wage.