Industry Change- Indicates that we know what Industry is experiencing the change in production and we are interested in targeting that specific industries.
Commodity Change- We would use if we knew there was change in commodity demand or production but didn't know what Industry or Institution (governments) would meet the demand e.g. I know there will be an increased need for nursing homecare in my region because of an aging population, but I don't know what the mix of private hospitals, nursing homes, and government hospitals will provide this need.
Labor Income Change- If you had a change in labor payments isolated from Industry production- e.g. examining the impacts of a wage increase for current employees.
Total Income should include all new labor payments in the Study Area-
a. New income for all workers in the region even if they don’t live there (local workers and in-commuters), including their -
i. Payroll tax
ii. Personal tax
Note: the model will adjust for in-commuting income, payroll tax, personal tax and savings
Household Income Change- looking at changes in Household Income that are independent of production and payroll.
Total Income should include all new household income in the Study Area-
a. New income for all residents in the region, including their -
i. Personal tax
Note: the model will adjust for personal tax and savings, but assumes payroll tax and in-commuting income has been excluded from your total income entry.
Spending Patterns- if you have the data required to build your own spending pattern for what your specific Industry or Institution purchases of its production
In a Household Spending Pattern, Total Spending should include all new household take-home pay in the Study Area-
a. New income for all residents in the region
Note: the model assumes your input is only disposable income. That is payroll tax, personal tax and savings have been excluded from your total spending entry (along with any income earned by employees that don't live in the Study Area, or "in-commuting" income).