Rock Products

AUG 2017

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64 • ROCK products • August 2017 www.rockproducts.com Economic impacts of the quarry indus- try are much larger in Lancaster Coun- ty. Earnings amount to $35.8 million, with $23.9 million of those earnings (about 60 percent) coming from the quarry industry. The remainder of the earnings include $4.95 million from direct effects (0.21); $0.7 million from indirect effects (0.04); and $6.2 million from induced effects (0.26). The aggre- gates industry supports a total of 585 jobs in the county, 351 of which are quarry jobs. The remainder of jobs in- cludes a direct effect of 81 jobs (0.23); an indirect effect of 15 jobs (0.04); and an induced effect of 39 jobs (0.39). The total jobs multiplier for quarry opera- tions is 1.66 for the county. Local and state each benefit from nearly $2 mil- lion in tax revenue, while the federal government receives about $2.4 mil- lion in tax revenue. Finally, in Talladega County, total earn- ings in the county from the economic influence of the quarry industry are $36 million, the vast majority of which ($30 million, or 83 percent) comes di- rectly from the quarry industry. Rela- tive to the other two counties, the earn- ings effects are highly concentrated in the aggregates industry. The direct effect on earnings equals $2.9 million (0.10); the indirect effect sums to only $0.23 million (0.01); and the induced effect equals $2.8 million (0.09). Of the 509 total employment effect of the quarry industry, 354 are quarry jobs. The remainder include the direct effect of 68 jobs (0.10); the indirect effect of 7 jobs (0.02); and the induced effect of 80 jobs (0.23). The jobs multiplier is 1.35. Local and state governments each receive about $1.8 million in tax revenues, and the federal government receives $1.5 million in tax revenues. The local impacts are also smaller than the statewide impacts, and much smaller than the national effects, and these differences may be of some sig- nificance, depending on the purpose of quantifying these sorts of econom- ic impacts. Moreover, as indicated by these three cases, the multipliers do vary significantly across counties. Con- sequently, the accurate assessment of local economic impacts requires the quantification of impacts for the spe- cific economic areas of interest. Table 14 summarizes the types of in- dustries affected by the jobs impact of quarry operations. As would be ex- pected, the initial effect on the mining/ quarrying/extraction industry is the largest. Outside of these initial effects, the construction, retail, professional/ technical services, transportation, and healthcare have the largest effects. In light of the large induced effects, many sectors of the economy are impacted by the aggregates industry. Table 15 describes the types of occu- pations – classified broadly – impacted by the aggregates industry. The bulk of the types of jobs impacted include occupations related to construction, extraction, transportation, production and administration (72 percent of the total). Sales and management occu- pations are also materially affected. A Aggregates Industry Almanac Economic Impact of the Industry

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