rn Idaho, for an annual return of 87%. Indirect and Induced ImpactsPurchasing patterns for the University, as well as expenditure patterns for its students, faculty, staff and campus visitors were presented in detail in previous sections of this report. Approximately $215 million in direct expenditures are attributed to ISU’s presence using this approach.As those monies are expended in various sectors of the area economy they serve to stimulate additional business activity (induced effects) and additional household spending (indirect effects) on the part of those businesses and households benefiting from the direct expenditures. These effects combine to produce a "multiplier effect" of total spending. Multipliers for local institutional purchases (1.391), visitor expenditures (1.366), household expenditures of locally resident faculty and staff (1.265), and for dormitory students (1.260) and nondorm students (1.364) were generated by the Regional Science Research Institute’s Input-Output model for Bannock County. This model makes use of industry interaction data across county lines to generate highly reliable estimatesAn estimated 8 full and part time jobs, represented by $1 million of business activity, and a wage proportion (.263), were then used to generate an estimate of the number of full and part time jobs and the amount of wages and salaries represented by the induced business activity.Table 5 identifies the direct, indirect, and total impacts of each of the four sources of economic impact under review. It identifies an additional $76.2 million in multiplier effects generated by the direct infusion of $215.7 million in business activity within the Pocatello economy. Altogether, those four sources of expenditures represent an economic stimulus of $291.9 million in private sector business activity within the region. Table 5: Summary of ISU-induced Local Spending Direct EffectsIndirect EffectsTo...
