Economic Impact

Economic Impact with population increases: 

If the strategies and solutions outlined in this action plan and available and recommended properties were to be developed, the following would be the local economic impact in the county, per city.  

Of the potential new population increase, roughly 1,015 will be adults, who would spend an average of $10,000 a year into the local economy. The following is an estimate of economic impact broken down by city:

Total potential  ALLERTON  CLIO  CORYDON  HUMESTON  LINEVILLE  MILLERTON  PROMISE CITY  SEYMOUR 
New households  113  49  414  34  50  13  55  189 
Population increase   291  128  1068  87  128  33  142  487 
Annual Economic Impact  $1.25M  $549k  $4.6M  $373k  $550k  $143k  $612k  $2.09M 

 

Economic Impact for Wayne County School Systems: 

Potential children into the local school system. Potential dollars into the local school system = estimated $6,000 from the state per pupil.  

(Based on estimated population increase of 1.47- current rate children/household in Wayne Co.) 

Total potential…  ALLERTON  CLIO  CORYDON  HUMESTON  LINEVILLE  MILLERTON  PROMISE CITY  SEYMOUR 
School District  Wayne  Wayne  Wayne  Mormon Trail  Wayne  Wayne  Seymour  Seymour 
+Students  166  73  609  50  73  19  81  278 
Economic Impact   $994k  $436k  $3.65M  $297k  $437k  $114k  $487k  $1.66M 
Total Wayne Community School District:  $5.63M 
Total Mormon Trail Community School District:  $297K 
Total Seymour Community Schools District:  $2.15M 

Total Economic Impact potential per community (+ property tax income): 

ALLERTON  CLIO  CORYDON  HUMESTON  LINEVILLE  MILLERTON  PROMISE CITY  SEYMOUR 
$2.24M  $986k  $8.25M  $671k  $987k  $257K  $1.10M  $3.76M 

Total Economic Impact combined: 

$18.25M  

+ property tax income

Start typing and press Enter to search