Hello, we are working to analyze the potential impacts of developing a new barge port. We want to determine best approach to analyze the impacts of the construction and the ongoing operations, below is what we know and our questions:
Construction Impacts
- Sector 56 seems most appropriate, do you agree? (Construction of other new nonresidential structures, harbor and port facilities)
- Construction should take only one year
- We have a total construction cost estimate in millions, (we'll pretend it's $20 million for confidentially reasons)
- We do not have an estimate of FFE
Ongoing operation impacts
- We want to only analyze the impacts of the port operations, not the operations of the barge companies that do business with the new port. Therefore, NAICS 488310/IMPLAN 420 seems best?
- 5 new jobs will be created, for a total of $300,000 in compensation for these jobs
- We expect $10 million in sales per year
So, what is the best way to set this up? We feel that there are two options:
- Create one event for construction, one for employee compensation, and one for industry output
- Use industry impact analysis (detailed), however, we are a little unsure of how we would setup appropriately so that we can report the construction impacts separately. Have reviewed some webinars about IIA, but still a bit unclear\
We appreciate any insight, thanks!
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