The Economic Impact of a Major Business on Aiken County
School Name
South Carolina Governor's School for Science & Mathematics
Grade Level
12th Grade
Presentation Topic
Consumer Science
Presentation Type
Mentored
Abstract
The purpose of my research was to study the economic impact of a major business on Aiken County and attempt to calculate a dollar amount to signify this impact, as well as determine the number of secondary jobs created by its presence. This was done by utilizing the online economic impact calculator Impact Analysis for Planning (IMPLAN) and confirming these findings through the development of my own industry specific input-output model (AM). According to IMPLAN and AM the total effects are local increases jobs, labor income, and output. As both the author's findings as well as IMPLAN's are estimates, it can be surmised the findings are correct within a reasonable degree of certainty. At the very minimum, the existence of the business has expanded the service sector proportional to the manufacturing industry and helped stimulate the economy.
Recommended Citation
Singer, Bradford, "The Economic Impact of a Major Business on Aiken County" (2020). South Carolina Junior Academy of Science. 209.
https://scholarexchange.furman.edu/scjas/2020/all/209
Location
Furman Hall 118
Start Date
3-28-2020 12:00 PM
Presentation Format
Oral Only
Group Project
No
The Economic Impact of a Major Business on Aiken County
Furman Hall 118
The purpose of my research was to study the economic impact of a major business on Aiken County and attempt to calculate a dollar amount to signify this impact, as well as determine the number of secondary jobs created by its presence. This was done by utilizing the online economic impact calculator Impact Analysis for Planning (IMPLAN) and confirming these findings through the development of my own industry specific input-output model (AM). According to IMPLAN and AM the total effects are local increases jobs, labor income, and output. As both the author's findings as well as IMPLAN's are estimates, it can be surmised the findings are correct within a reasonable degree of certainty. At the very minimum, the existence of the business has expanded the service sector proportional to the manufacturing industry and helped stimulate the economy.
