Sample Economic and Fiscal Impact Study Summary
 
Project Mainstream
“Project Mainstream” refers to the potential development of a new manufacturing and distribution facility. The company considering Project Mainstream is a global consumer products manufacturer headquartered in the United States.

The chart at right describes the key characteristics of the Project, including projected employment and investment. The company and MRPC, the independent financial services firm analyzing the cost of various site alternatives for Project Mainstream, are considering Berkeley County, WV as a potential location.

Potential Economic and Fiscal Impact on West Virginia and Berkeley County

This study was conducted to determine the economic and fiscal impacts of Project Mainstream on the West Virginia and Berkeley County economies during the period from 2008-2013 (the six-year period) and annually there after
State-wide Impact: Project Mainstream could produce a$3.9 billion increase in economic output state-wide during the six-year period and $889 million1 annually thereafter
2,199 permanent jobs2 contributing $518.0 million in incremental household income during the six-year period
Total state and local tax impact is forecast to be $94.5 million by 2013 and $19.5 million annually after 2013

County-level Impact: Project Mainstream could produce a $3.0 billion increase in economic output in Berkeley County during the six-year period and $690.2 million annually thereafter.

1,510 permanent jobs contributing over $374.0 million in wages during the six-year period
Total local tax impact estimated at $8.9 million over the six-year period and $2.3 million annually after 2013

Methodology

This study was conducted using the IMPLAN economic impact model. The IMPLAN model is used by more than 500 universities and government agencies to estimate the economic and fiscal impacts of investments and/or changes in industry, forecast tax revenue and employment generation, and conduct economic comparison studies of two or more geographic locations

1) Amount in 2013 dollars
2) Employment figures include direct employees of Project Mainstream, indirect jobs, and induced jobs, which are those created by the suppliers and producers of the goods and services purchased by the company
Project Mainstream

Project Description

Project Mainstream requires a 200-acre site for development of a manufacturing and distribution facility.
Phase 1: Construction of a 1.1 million s.f. facility by late 2009
Phase 2: Expansion of additional 800,000 s.f. beginning in 2010

Anticipated Capital Investment

Phase 1:  $85 million to construct and $47 million to equip the facility
Phase 2:  $32 million invested in expansion; $36 million in equipment costs

Direct Employment

Project Mainstream will hire 374 full-time employees by year-end 2009

The company will employ 500 full-time employees by 2012