The Economic Contribution of Forestry and Forest Products - Alcorn County
Forestry and forest products are important to Alcorn County’s economy. They contribute tomany sectors of the economy. The economic contribution of forest-related sectors and their impacts on other sectors can be estimated using input-output analysis. Using 2013 data, this study estimates the total economic contribution of forestry and the forest products industry to Alcorn County, Mississippi.
EMPLOYMENT AND INCOME IMPACTS
Forest-related economic activity in Alcorn County during 2013 generated 892 jobs and over $35 million in income. That’s about 4.8% of jobs and 5.1% of income in the county. Employment is the number of full- and part-time jobs in all sectors of the economy. Income is salaries and wages paid to employees.
TOTAL OUTPUT AND VALUE ADDED IMPACTS
Forestry and the forest products industry generated more than $125 million, or about 4.2% of economic output, in Alcorn County. Forest-related value added amounted to nearly $45 million, or about 3.9% of all value added in the county. The value of all goods and services produced is defined as total output. Value added is a portion of total output and represents the creation of new wealth.
Forest-related economic activity contributed an estimated $10.3 million in tax revenue for federal, state, and local governments. This total includes tax revenue of $6.7 million for federal and $3.6 million for state and local governments.
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