Orion Credit Union Construction Impact

Highlights

~ $18 Million Economic Impact from Capital Investment

82 Total Jobs Supported from Capital Investment

Estimated Economic Impact Analysis

from Capital Investment

Capital Investment: $10,000,000
Final Demand Output Multiplier: 1.8268
Economic Impact of Capital Investment: $18,268,000
Direct Jobs: 41
Shelby County Annual Average Wage - Industry Specific: $58,737
Wages Paid to Direct Jobs: $2,408,217
Direct Effect Employment Multiplier: 1.9954
Indirect Jobs Supported (Full-Time Equivalent): 41
Total Jobs Supported (Direct & Indirect): 82
Shelby County Annual Average Wage - All Industries: $63,739
Wages Paid to Indirect Jobs: $2,601,278
Total Wages Paid to Direct and Indirect Jobs: $5,009,495
Shelby County Average Sales Tax: 0.0275
Indirect Sales Tax Generated from Spending: $137,761

Our Assumptions

We base this analysis summary off two key data points provided by direct sources and online reports. These important data points are Capital Investment ($10,000,000) and the direct jobs (41) that are supported in Shelby County. Contact us if these numbers are incorrect and we can update your report.

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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