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"Quantifying the Importance of the Industry ... - (ESC) at Rutgers

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World Trotting Conference, 2011<br />

Economic Impact Analysis<br />

• IMPLAN: A quantit<strong>at</strong>ive model <strong>of</strong> <strong>the</strong> New Jersey economy<br />

• Utilizes<br />

– Direct impact <strong>of</strong> equine industry expenditures<br />

• Feed, fencing, insurance, veterinary, etc.<br />

• Estim<strong>at</strong>es<br />

– Additional impacts <strong>of</strong> equine industry expenditures<br />

• Consumption spending <strong>of</strong> industry employees<br />

• Subsequent rounds <strong>of</strong> spending by both firms and individuals<br />

<strong>Rutgers</strong> Equine Science Center

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