Agricultural and Resource Economics North Carolina State University Introduction A Concept of the Local Economy Sizes of Multipliers Using Multipliers Table 1. The Special Case of Construction Impact of Economic Change on Local Tax Revenues Impact of Economic Change on Local Public Spending Table 2.
Economic change can be both exciting and scary.
A new company moving to a community can mean new jobs and incomes, but it can also mean more local costs. Likewise, a company moving out of a community or downsizing can mean lost jobs and incomes. A company moving to a community and bringing new jobs and payroll will have impacts in the community that go far beyond the company's walls. Citizens who have no direct dealings with the new company may be affected. Similarly, a company leaving a community will not only affect the jobs of its workers, but will also, indirectly, affect the jobs of many other workers in the area.