Representstheinitial changeinjobsresulting fromtheSomernova developmentprogram.
Thesubsequentrippleeffectinfurthersupply chainsresultingfromthedirectchange.This showsthesaleschangeinthesupplychainsof thesupplychain,asaresultofthedirect change.Thisisthesumofthesecondand subsequentroundsofimpact.Thischangeis duetointer-industryeffects.
InitialImpactDirectEffectsIndirectEffectsInducedImpact
Theeffectofnewinput purchasesbytheinitially changedindustries.Thisis thefirstroundofimpacts. Thischangeisduetointerindustryeffects.
Changeduetotheimpactofthenew earnings,investment,andgovernment spendingcreatedbytheinitial,direct,and indirectchanges.Inducedeffectsenterthe economyasemployeesspendtheir paychecksintheregion,businessesinvest togrowtheiroperations,andgovernment spendsmoretosupportthechanges.
5,849 687 87 414 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000
EstimatedImpactonJobs FullDevelopmentProgram
InitialDirectIndirectInduced
1,211 2,161 3,555 4,837 5,849 1,347 2,458 3,791 5,030 6,019 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 1 1&2 1,2,&3A 1,2,3A,&3B1,2,3A,3B,&4 EstimatedEmployment SomernovaJobsConstructionJobs(Temporary)
TimeSeriesComparisonBetweenExistingandProposedDevelopmentPropertyTaxes GeneralOffice $773,675 $773,675 $6,226,210 $11,581,211 $23,591,670 $28,533,064 $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 20222023202420252026202720282029203020312032203320342035203620372038 ExistingPropertyTaxEstimatedPropertyTaxUnderAssessmentValueApproach
EstimatedAnnualNetBenefitPhase1Phase2Phase3APhase3BPhase4Total NewPropertyTax$6,209,259$5,307,818$6,152,101$5,878,969$4,995,875$28,544,021 ExistingPropertyTax -$265,306-$21,781-$82,038-$139,244-$265,306-$773,675 NetNewPropertyTax$5,943,953$5,286,037$6,070,063$5,739,725$4,730,569$27,770,346 MunicipalCosts GeneralGovernment -$24,153-$18,963-$27,805-$25,580-$20,179-$116,681 PublicSafety -$118,123-$92,741-$135,982-$125,100-$98,688-$570,634 PublicWorks -$40,134-$31,510-$46,202-$42,504-$33,531-$193,881 TotalExpenditures -$182,409-$143,214-$209,989-$193,184-$152,398-$881,195 AnnualNetBenefit$5,761,544$5,154,077$5,860,074$5,546,541$4,589,425$26,911,660 EstimatedOneTimeFeesPhase1Phase2Phase3APhase3BPhase4Total BuildingPermitFees$6,655,228$5,488,373$6,587,268$6,121,435$4,884,126$29,736,430 PlanningReviewFees$1,585,066$1,307,243$1,568,885$1,457,973$1,163,375$7,082,543 AffordableHousingLinkage$6,162,782$5,376,735$6,007,647$5,693,028$4,613,070$27,853,263 EmploymentLinkage$1,194,918$952,062$1,312,476$1,173,629$882,021$5,515,107 TotalOne-TimeFees$15,597,994$13,124,414$15,476,277$14,446,065$11,542,593$70,187,342
2% 17% 24% 21% 19% 47% 49% 43% 4% 2% 2% 1% 4% 3% 2% 10% 66% 28% 21% 19% 5% 2% 1% 5% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% InitialDirectIndirectInduced EducationalRequirementsofSomernova OccupationsbyImpactType NoformaleducationalcredentialHighschooldiplomaorequivalent Somecollege,nodegree Postsecondarynondegreeaward Bachelor'sdegree Doctoralorprofessionaldegree
Software Developersand SoftwareQuality AssuranceAnalysts
Electrical, Electronic,and Electromechanical Assemblers
Computerand Information SystemsManagers
ComputerUser SupportSpecialists
ComputerSystems Analysts
MedianEarnings
Generaland Operations Managers
Industrial Engineers Sales Representatives, Wholesaleand Manufacturing, Technicaland ScientificProducts
Project Management Specialistsand Business Operations Specialists
GeneralOffice Bachelor'sdegree $109,287 Highschooldiploma orequivalent $50,070 Bachelor'sdegree $172,651 Somecollege,nodegree $65,773 Bachelor'sdegree $107,943 Bachelor'sdegree $130,438 Bachelor'sdegree $108,803 Bachelor'sdegree $112,496 Bachelor'sdegree $105,066 $0 $50,000 $100,000 $150,000 $200,000 $250,000
