Itawamba - College of Forest Resources - Mississippi State University
Itawamba - College of Forest Resources - Mississippi State University
Itawamba - College of Forest Resources - Mississippi State University
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EMPLOYMENT AND INCOME IMPACTS<strong>Forest</strong>-related economic activity in <strong>Itawamba</strong>County generated 1,008 jobs and over $32million in income during 2007. That’s about13.8% <strong>of</strong> jobs and 13.3% <strong>of</strong> income in thecounty. Employment is the number <strong>of</strong> full- andpart-time jobs in all sectors <strong>of</strong> the economy.Income is salaries and wages paid to employees.Impacts from <strong>Forest</strong>-Related Sectors on Employmentand Income in <strong>Itawamba</strong> County, <strong>Mississippi</strong>, 2007.NUMBER % OF INCOME % OFOF JOBS COUNTY ($) COUNTYDIRECT IMPACT FROM FOREST-RELATED SECTORS<strong>Forest</strong>ry Services 3 0.04 56,086 0.02Logging 72 0.99 2,449,110 1.02Solid Wood Products 121 1.65 3,832,984 1.59Pulp and Paper 4 0.06 859,717 0.36Wood Furniture 649 8.88 19,589,938 8.13Subtotal 849 11.61 26,787,835 11.12TOTAL OUTPUT AND VALUE ADDED IMPACTS<strong>Forest</strong>ry and the forest products industrygenerated over $140 million, or about 8.1% <strong>of</strong><strong>Itawamba</strong> County’s economic output. <strong>Forest</strong>relatedvalue added amounted to $45.4 million,or about 9.2% <strong>of</strong> all value added in the county.The value <strong>of</strong> all goods and services produced isdefined as total output. Value added representsthe creation <strong>of</strong> new wealth.TAX IMPACTS<strong>Forest</strong>-related economic activity contributed anestimated $9 million in tax revenue for federal,state, and local governments. This total includesan estimated tax revenue <strong>of</strong> $6.5 million forfederal and $2.5 million for state and localgovernments.Estimates developed using IMPLAN® s<strong>of</strong>twareand data.Impacts from <strong>Forest</strong>-Related Sectors on Total Output and ValueAdded in <strong>Itawamba</strong> County, <strong>Mississippi</strong>, 2007.OUTPUT % OF VALUE % OF($) COUNTY ADDED ($) COUNTYDIRECT IMPACT FROM FOREST-RELATED SECTORS<strong>Forest</strong>ry Services 57,369 0.00 47,963 0.01Logging 14,328,749 0.83 8,113,237 1.65Solid Wood Products 28,593,644 1.65 5,644,647 1.15Pulp and Paper 1,875,731 0.11 921,421 0.19Wood Furniture 81,076,905 4.67 21,607,482 4.40Subtotal 125,932,398 7.26 36,334,750 7.40ITAWAMBA<strong>Forest</strong>ry and forest products areimportant to <strong>Itawamba</strong> County’seconomy. They contribute tomany sectors <strong>of</strong> the economy.The economic contribution <strong>of</strong>forest-related sectors and theirimpacts on other sectors can beestimated using input-outputanalysis. Using 2007 data,this study estimates the totaleconomic contribution <strong>of</strong> forestryand the forest products industry to<strong>Itawamba</strong> County, <strong>Mississippi</strong>.INDIRECT AND INDUCED IMPACTS ON SECTORSEducation 36 0.49 1,532,054 0.64Retail/Wholesale Trade 34 0.47 975,376 0.40Services 19 0.25 415,014 0.17Construction/Manufacturing 18 0.25 796,185 0.33Health Care 16 0.22 521,369 0.22Government 15 0.20 607,424 0.25Food Services 9 0.12 98,306 0.04Real Estate/Finance/Insurance 7 0.09 185,242 0.08Transportation/Warehousing 3 0.04 151,513 0.06Agricultural Production/Services 2 0.03 40,315 0.02Hotels/Entertainment 1 0.01 16,392 0.01Food/Fiber Products 0 0.00 2,708 0.00Subtotal 159 2.18 5,341,895 2.22TOTAL IMPACT 1,008 13.79 32,129,730 13.33Rest <strong>of</strong> County 6,306 86.21 208,835,691 86.67Total in County 7,314 100.00 240,965,420 100.00INDIRECT AND INDUCED IMPACTS ON SECTORSEducation 1,746,751 0.10 1,719,952 0.35Retail/Wholesale Trade 2,406,357 0.14 1,588,056 0.32Services 1,191,487 0.07 538,413 0.11Construction/Manufacturing 3,015,907 0.17 1,342,129 0.27Health Care 942,973 0.05 623,971 0.13Government 873,434 0.05 796,608 0.16Food Services 364,072 0.02 136,279 0.03Real Estate/Finance/Insurance 3,357,950 0.19 2,019,512 0.41Transportation/Warehousing 430,524 0.02 203,907 0.04Agricultural Production/Services 162,532 0.01 63,730 0.01Hotels/Entertainment 36,200 0.00 24,817 0.01Food/Fiber Products 36,121 0.00 3,885 0.00Subtotal 14,564,308 0.84 9,061,259 1.84TOTAL IMPACT 140,496,705 8.10 45,396,010 9.24Rest <strong>of</strong> County 1,594,057,411 91.90 445,829,136 90.76Total in County 2,064,381,303 100.00 758,826,529 100.00