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Exhibit V <br />Economic Impact of Horse Industry in Washington State <br />By Rack Cam Hms melw gtIWaabingwn (BCF[ fur the Big Tent irtaa lition in Oly 2013 <br />Number ofpt Ic in Waslun" SWe anppd in equestrian atctivides; 4% or 250,01111` <br />am►ciMtyriting in number ofp&66pnn% ofag owdoor activitia int Wu hinS ao Sate: 101 <br />Nwtillre of horses in Wmbh*n State. 249,90 <br />Avera9t cwt afkaVing a horse ft a yeah &%U6'(249,964 x 3.676 - $961118600"Iyear) <br />Wage„ fiam lF qu=zrian and kdated industries in Xing County alone: 561,559,408` <br />Factors for contlnuingto hm # Oucmsfultendproperausequetufmhwdustry(Kb*Cotatity): <br />a) lac c Of an AgrioatittRW $nfau+sMw%we allot }xwid a the toerials, savice s, mnd feeititiae <br />for ceding, raisitl, training, atabling, fes, and carr farhat. <br />b) A healthy peridnubwl rasing induoy- <br />c) amity fitkow and cbaapgititm ihcilkies and va?ium <br />d) An Mite calendar o raha.m opmpeftcacaa, nd alter equestrion events end sc"tieal , such u4. <br />K tlattniy firs, lata. s <br />k =wly complow d study in Kentucky (2012) wWob fres 242,400 beems and conipwable xetzudonal &W <br />racing "lid" pals chair egWM-Witted assets as S?3.4NI,l n and SU Men in cqukw related <br />expmhtureO With saconduy basivess effects, we (11 HW) esttinatc that: aaittestrian ernnemk kbpacts <br />in W&W ft ost Siete at SS Mae per yaw, which is *ansistent with tw t dmd study by dw American <br />finrsc C it anal ntaeking it one *f alae lbV Mmtie" a mtributore to ars stole's eaonmW. <br />Mdse 7ralk state Park 2012 <br />° 2M OuWoar reatim 5urwny by the Washtatgten State Mcreatten end Censervatloa office <br />' Arnerlcsart Mort#*~ puhffcsom by the AO edcan Home Council +205 <br />3 tr ION Cooperative Wension Pubsiartlons Bulletin #12W4 <br />ill! 11,1111WW"ag mum bt slag QWQJX EnA <br />ant 2007 <br />' SuraftutryofE 6nooks of E4*68 rie0 Industry Use in King County 2011 <br />a 2012 tcmucky Equine 5vrveyr <br />r Motional Economic impact of the U.S. Horse industry by doe American Horse Council 2W5 <br />Washington State Horse Perk Distressed county Sales and use Tax Grant Application pg25/25 <br />