The Economic Contribution of Forestry and Forest Products - Choctaw County
Forestry and forest products are important to Choctaw 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 Choctaw County, Mississippi.
EMPLOYMENT AND INCOME IMPACTS
Forest-related economic activity in Choctaw County during 2013 generated 509 jobs and over $23 million in income. That’s about 15% of jobs and 17% 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 $73 million, or about 8% of economic output, in Choctaw County. Forest-related value added amounted to more than $28 million, or about 5% 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 $6.5 million in tax revenue for federal, state, and local governments. This total includes tax revenue of $4.5 million for federal and $2 million for state and local governments.
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