The Economic Value of Water and Ecosystem Preservation
The Economic Value of Water and Ecosystem Preservation
The Economic Value of Water and Ecosystem Preservation
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<strong>The</strong> decrease in manufacturing sector employment was the greatest drag on<br />
the regional economy. This resulted in a total negative employment impact <strong>of</strong><br />
2,156 jobs <strong>and</strong> a drop in income <strong>of</strong> $191.9 million. As with the construction<br />
sector, this impact was centralized in a single county: Calhoun.<br />
Aransas<br />
Unlike its neighboring county to the northeast, Aransas was able to make up<br />
the loss in some <strong>of</strong> the four sectors analyzed, with substantial gains in others. As<br />
a result, jobs increased by 376 <strong>and</strong> income by $17.6 million overall. Fishing, the<br />
primary sector <strong>of</strong> focus, experienced significant decline <strong>of</strong> 7% in employment (79<br />
direct jobs <strong>and</strong> 91 total jobs) <strong>and</strong> correspondingly, decreases in income <strong>and</strong><br />
output (see Table 5-9). Manufacturing also suffered employment loss through<br />
this time period, although to a much lesser degree, yet the total impact on<br />
income approached that <strong>of</strong> fishing.<br />
Table 5-9. <strong>Economic</strong> Impact-Aransas<br />
Direct Indirect Induced Total<br />
Fishing<br />
(-) Output $2,520,891 $388,159 $598,422 $3,507,472<br />
Employment 79 4.4 7.6 91<br />
Income $1,371,514 $164,174 $175,651 $1,711,339<br />
Mining<br />
(+) Output $39,608,736 $6,143,916 $3,344,867 $49,097,518<br />
Employment 93 41.5 42.5 177<br />
Income $6,888,255 $1,877,423 $981,847 $9,747,525<br />
Manufacturing<br />
(-) Output $2,832.931 $512,095 $427,536 $3,772,564<br />
Employment 33 5.9 5.4 44.3<br />
Income $937,951 $187,549 $125,500 $1,251,000<br />
Construction<br />
(+) Output $30,034,496 $5,851,544 $3,795,959 $39,682,000<br />
Employment 203 82.9 48.2 334.1<br />
Income $7,260,796 $2,505,567 $1,114,208 $10,880,570<br />
Mining (oil <strong>and</strong> gas) <strong>and</strong> Construction produced positive economic impacts<br />
for Aransas County. Combined, they added 296 jobs (direct) but accounted for<br />
the creation <strong>of</strong> 511 total jobs through the multiplier effect. Income increased as<br />
well, with a total impact <strong>of</strong> $20.6 million. As mentioned above <strong>and</strong> in the previous<br />
section, construction growth is dominated by the retiree <strong>and</strong> second home<br />
market in Aransas County. We could expect this trend to continue into the near<br />
future even as housing starts slow down nationally.<br />
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