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EXECUTIVE SUMMARY <br />• <br />EARNINGS IM19PACTS <br />Included in the expenditure impacts shown in Table 1 are salaries and wages paid to MSAS employees, <br />as well as to employees of local-area concessionaires and ride/game operators, hotels, restaurants and . <br />shops. These salaries and wages, refetTed to as earnings impacts, are presented in the table below. <br />Minnesota State Agricultural Society <br />Summary of Estimated Annual Earnings Impacts <br />Earnings <br />Source of Impact Impacts <br />Operations $19,140,000 <br />Annual Fair Activities 14,070,000 <br />Annual Non-Fair Activities 10,680,000 <br />All Activities ~ $43,890,000 <br />• <br />• <br />Of the $152 million of expenditure impacts shown in Table 1, almost $44 million of that amount <br />represents earnings paid to employees both directly and subsequently involved in supporting the <br />activities of the MSAS and its users through local, businesses and their employees. <br />EMPLOYMEN'T' IM1IPACTS <br />Table 2 <br />The employment impacts represent the number of jobs supported by the amount of salaries and wages <br />paid, presented as earnings impacts in Table 2. The table below presents the estimated number of jobs, <br />direct and induced, related to those activities. <br />. Minnesota State Agricultural Society <br />Summary of Estimated Annual Employment Impacts <br />Souse of Impact Direct Jobs Induced Jobs Total Jobs <br />Operations 2,460 ~ 450 2,910 <br />Annual Fair Activities 1,210 770 1,980 <br />Annual Non-Fair Activities 80 580 660 <br />All Activities 3,750 1,800 5,550 <br />Tablc 3 <br />The 2,460 jobs shown as "Direct Jobs" for Operations represent the estimated number of employees (not <br />all full-time equivalents) of the MSAS operations, including about 78 full-time, around 262 seasonal and <br />about 2,120 Fair-time. The remaining direct jobs represent local employees who work for <br />concessionaires, ride and game operators and event promoters during the Fair and year-round events. <br />The number of jobs shown as "Induced Jobs" represent the jobs that are supported by the re-spending of <br />dollars in the local area, as well as staffing of hotels, restaurants and shops to support the non-local <br />patrons and participants of events held at the Fairgrounds. <br />MARKIN CONSULTING <br />2 <br />