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ECONOMIC IMPACTS <br />One means by which other facilities justify operating grants is through their impacts <br />upon local and regional economies.Therefore,an impact model based upon <br />expendituresof the horse park participants and expendituresfor horse park operations <br />was developedto estimate financial flows to both the local and state economies and to <br />local and state finances.Using the "most likely"scenario at year six maturity,the <br />following impacts are projected: <br />*The direct spending by exhibitors and spectatorsare estimatedto be $7,334,838 <br />when the facility reaches maturity in the sixth year of operations. <br />*The total money flows attributable to the horse park in the sixth year,.including <br />indirect and induced effects,are $8,412,982 annually. <br />*Using the employmentmultiplier of 16 jobs per million dollars of direct <br />expendituresprojects,143 jobs will be created by the horse park after the direct, <br />indirect and induced effects are factored in. <br />*Starting at the sixth year,annual state impacts from out of state residents were <br />found to be $1,466,968 of direct,indirect and induced spending. <br />*The recreational services sectors will be the sectors most affected by Horse Park <br />operations. <br />ORGANIZATlONALSTRUCTURE <br />We recommendthat: <br />51