I am working on an analysis of the economic impact of a new distribution center. The distribution center will hire 1,000 full time employees, and the cost of constructing the distribution center is $80M.
I am particularly interested in tow things; first, how will the new 1,000 full time jobs affect my region's retail market? I understand that I can observe their induced effect by looking at the induced output in retail sectors. Is this correct?
I would like to know the increased sales tax that will result from 1,000 new jobs and their induced effect. Is there a way to calculate this within IMPLAN? Or is the best way to approach this simply taking our sales tax formula and applying it to the total induced effect of the jobs on the retail sector?
Please let me know if you have any questions.
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