The Economic Contribution of Forestry and Forest Products - Carroll County
Forestry and forest products are important to Carroll County’s economy. They contribute to many 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 Carroll County, Mississippi.
EMPLOYMENT AND INCOME IMPACTS
Forest-related economic activity in Carroll County during 2013 generated 263 jobs and over $9 million in income. That’s about 11.8% of jobs and 13.5% 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 nearly $25 million, or about 10.5% of economic output, in Carroll County. Forest-related value added amounted to more than $11 million, or about 10% 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 $2.8 million in tax revenue for federal, state, and local governments. This total includes tax revenue of $1.8 million for federal and $1 million for state and local governments.
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