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An Analysis of the Economic Impacts of the Iowa Bioprocessing Center in Eddyville, Iowa

An Analysis of the Economic Impacts of the Iowa Bioprocessing Center in Eddyville, Iowa. David Swenson Associate Scientist Regional Capacity Analysis Program Department of Economics. What was studied?. Cargill, Inc., Ajinomoto Heartland, LLC, and Wacker Chemical Corporation Plus

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An Analysis of the Economic Impacts of the Iowa Bioprocessing Center in Eddyville, Iowa

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  1. An Analysis of the Economic Impacts of the Iowa Bioprocessing Center in Eddyville, Iowa David Swenson Associate Scientist Regional Capacity Analysis Program Department of Economics

  2. What was studied? Cargill, Inc., Ajinomoto Heartland, LLC, and Wacker Chemical Corporation Plus Assessment of grain price premiums to area farmers, and a brief regional economic assessment

  3. Some Terms Economic impact: net direct and indirect productivity in the region attributable to export sales Input output modeling: an economic model that considers all inputs into production and the likelihood that those inputs were purchased in the region Study region: Mahaska, Monroe, and Wapello County

  4. Aggregate Characteristics of the Iowa Bioprocessing Center Total jobs 702 Estimated payroll $41.86 M Avg. per job $59,634 Corn processed 85 MBu

  5. Regional Economy Table 2. Total Economic Values for the Region Output 4,746,411,000 Value Added 1,800,006,000 Labor Income 1,167,510,000 Jobs 36,103

  6. Corn Prices: July 25, 2007

  7. Bottom Line: Extremely important component of the regional economy True industrial cluster characteristics Diversified and integrated production here is in a much better and more sustainable position than other, more recent additions to the bioeconomy in Iowa.

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