by PR or News Wire
02 November 2011—
A new report shows that public lands near Grand County, Utah play a major economic role in the region, with tourism and recreation businesses accounting for 44 percent of private employment in the county; and that more than one-third of local households have a member that works in a tourism and recreation business related to public lands, while nearly two-thirds of county residents indicate that public lands are “extremely important” to their vocation. “A significant reason for the county’s economic success stems from the diversity found today within Grand County’s tourism and recreation economy,” said Ben Alexander, the report’s author. “Moving forward, public lands will continue to play an important role for the region, and finding ways to sustain and develop new activities that appeal to a wide mixture of visitors and residents is paramount to the county’s long-term economic health.”
ST. LOUIS -- The placards greeting arriving passengers at Lambert International Airport read "11 in '11" -- a rally cry for what could be an 11th World Series championship for the Cardinals franchise. However, there is something noticeably different about the river town that has participated in so many of these World Series, from the '30s Gashouse Gang to El Birdos of the '60s and Whiteyball of the '80s.
In keeping with the 2011 theme of comebacks, this Missouri city matches the historic comeback of its beloved ballclub with a downtown comeback that belies today's economic hardships. The Cardinals are representing their surroundings as much as the National League.
There are significant ongoing transformations since the last Fall Classic and victory parade happened here five years ago. You see it in the 24 magnificent sculptures in the new two-block City Garden; in the Peabody Opera House that just reopened this month a few blocks from Busch Stadium; in the new lofts and infusion of young professionals. A downtown that was bemoaned by the Washington Post in the late 1990s as among America's most depressed is in the midst of an about-face.
The St. Louis Cardinals National League Division Series is projected to generate an estimated $5.2 million per game for the St. Louis region.
St. Louis Regional Chamber and Growth Association says the economical impact depends on the total number of home games played.
In the event the Cardinals play through the end of the World Series, the local economy would be impacted by over $56 million, similar to that of the 2009 All-Star week.
A new Virginia Department of Aviation Economic Impact Study indicates that the Manassas Regional Airport contributes $234,610,000 to the local economy.
The independent report reveals that in 2010 the Manassas Regional Airport contributed the following to the economies of Prince William County and the City of Manassas:
LOUDONVILLE -- Tourism brings a significant amount of business to Ashland County.
Folks who pay attention to economic activity have long known it, but they received definite documentation to that effect with the recent release of a study on the Economic Impact of Tourism in Ashland County.
The study was commissioned by the Ohio Office of Travel and Tourism and sponsored locally by the Ashland and Loudonville visitors bureaus and the Mohican Area Growth Foundation.
Gov. Bob McDonnell announced today results of the Virginia Airport System Economic Impact Study which details the contributions of the state’s 66 public-use airports to the Virginia economy. The independent report reveals that in 2010 Virginia’s diverse system of airports:
• Produced $28.8 billion in overall economic activity
• Generated $11.1 billion in payroll
• Created 259,000 jobs, representing nearly 5.5 percent of the state’s total jobs
This month, EPA is expected to announce a new standard for ground-level ozone (smog) two years before its regular five-year review. Critics of the proposed revision note that many counties are still working to comply with the current standard issued in 2008 and also say the new rule will yield a relatively small benefit when compared to the $19 billion to $90 billion that the rule is expected to cost the economy by EPA's own estimates. Supporters of the revision, meanwhile, are urging the administration forward under the banner of public health.
With such high stakes, the proposed ozone standard has garnered a great deal of attention over the past several months. But there are many other pending federal regulations (over 4,200) in the pipeline, and each deserves a similar degree of scrutiny to ensure these rules aren't doing more harm than good.
HOUSTON - The Chevron Houston Marathon race weekend of events generated approximately $51.1 million in total economic impact for the City of Houston this January, more than doubling its last economic impact report from 2003, according to a commissioned study.
"As we approach our 40th anniversary, our organization continues to conduct an event that is a point of pride for the community," stated Houston Marathon Committee Executive Director Wade Morehead. "Providing an annual event that has a significant economic impact for local businesses and charities is the result of the commitment, dedication and passion exhibited annually by our participants, volunteers, sponsors and committee members."
TRAPPED gas could prove problematic for the energy industry. Despite the money being poured into efforts to extract natural gas from shale, the economic benefits are unclear.
Studies into shale gas extraction are typically supported by industry bodies. Because their reports are not peer-reviewed, economist Thomas Kinnaman of Bucknell University in Lewisburg, Pennsylvania, decided to review six of them himself. Three were written by academics at major universities, while three were written by private consultants. All support extracting shale gas, arguing that it creates new jobs and revenue.
Earlier this spring, federal officials authorized the breaching of a levee along the Mississippi River between southeastern Missouri and southwestern Illinois.
Now, the value of the crops that were just starting their growing season on the acres that were eventually flooded out by the encroaching river after the levee was blown is being pegged at more than $85 million, according to a report requested by Rep. Jo Ann Emerson (R-Cape Girardeau) and conducted by the University of Missouri's Food and Agricultural Policy Research Institute (FAPRI).
Richard O. Mason has a great point, remember to frame your study well to avoid missing key questions such as, is this new activity or is the activity simply changing from one event to another.
Henderson County, is one of the fastest growing counties in the western part of the state, with a 54.1percent growth from 1990-2010, and a current population of 106,740. Henderson County adds 4.8 people per day on average from 2000-2010 (net). The population is approximately 73 percent white, 9.7 percent Hispanic, and 12.6 percent African American. About 22 percent of the county's population is 65 years of age and older and 21 percent are 18 years of age or younger. The average home sale price is $268,190 and the median household income is $41,595. The poverty rate is 11.7 percent compared to the state's 14.9 percent. The county enjoys a strong economic base with a four-pronged economy, and the leading contributors are manufacturing, retirement, tourism and agriculture. There are more than 48,619 acres of farmland and 22,440 acres of harvested cropland in the Henderson County (NCDA, 2002 Census Data) with a total farm estimated income for 2006 at $160 million.
A new BTC Brief out today demonstrates that recent claims by House leadership regarding job gains resulting from tax cuts are overstated and ignore the job losses resulting from cutting back on public investments that cutting taxes requires.
Several House leaders have cited a recent analysis by the UNC Center for Competitive Economies (C3E) to support their claim that cutting taxes will create jobs. Using input-output analysis, the C3E researchers attempted to predict the likely impact on jobs—direct, indirect and induced jobs—from tax cuts totaling $1.6 billion and $2.0 billion in each of the next two fiscal years.
One of the most common complaints about economic impact analysis is the huge impacts people claim their projects will produce. Most of the time the problem is not in the theory, methods, data or software used to create the reports but with one simple problem.
1. Misunderstanding the results and the assumption used in the results.