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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 />expenditures of the horse park participants and expenditures for horse park operations <br />was developed to 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 spectators are estimated to be $7,334,838 <br />when the facility reaches maturity in the slxth-year of operations. <br />0 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 />4 Using the employment multiplier of 16 jobs per million dollars of direct <br />expenditures projects, 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 but of state residents were. <br />found to be $1,466,968 of direct, indirect and Induced spending, <br />0 The recreational services sectors will be the sectors most affected by Horse Park <br />operations. <br />ORGAIdIZAT1ONAL STRUCTURE <br />We recommend that: <br />51 <br />