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Northern Minnesota Forestry Analysis Update

Northern Minnesota Forestry Analysis Update. Jim Skurla , Director. Bureau of Business and Economic Research Labovitz School of Business and Economics University of Minnesota Duluth. Project Description.

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Northern Minnesota Forestry Analysis Update

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  1. Northern Minnesota Forestry Analysis Update Jim Skurla, Director Bureau of Business and Economic Research Labovitz School of Business and Economics University of Minnesota Duluth

  2. Project Description • Update the Bureau of Business and Economic Research's (BBER) 2001 estimate of the importance of the forestry industry in the northern forest regions of Minnesota. • Measure the importance of forestry to Northern Minnesota. • Update the report of the economic base and provide comparisons between the 2001 and 2011 studies where possible. • Briefly analyze regional economic trends. • Update the community of Cook-Orr data, which was selected for separate analysis in the 2001 study.

  3. North Central Northeast Carlton St. Louis Lake Cook Aitkin Becker Beltrami Cass Clearwater Crow Wing Hubbard Itasca Mahnomen Polk Community Profiles Cook-Orr North Total All the counties from the Northeast and North Central regions, and including: Lake of the Woods, Koochiching, Pine, Kanabec, Mille Lacs, Benton, Morrison, Wadena, Todd, Douglas and Otter Trail

  4. Procedure • BBER studied and estimated the activity in the forestry industry in selected study areas. • BBER worked with the MFRC to determine industry sectors of interest for this study. • IMPLAN estimates three economic measures of contribution: • Value Added (wages, rents, interest and profits) • Output (sales) • Employment (jobs)

  5. Assumptions • The counties of the study area have changed. • IMPLAN data has changed. • Inflation has been estimated only for selected forest sectors. • Sector descriptions have changed.

  6. Study Area Overview

  7. Study Area Overview

  8. Study Area Overview

  9. Study Area Overview

  10. Study Area Overview

  11. North Total Employment by Industry

  12. Northeast Region

  13. Northeast Top Ten Value Added

  14. Northeast Top Ten Output

  15. Northeast Top Ten Employment

  16. Northeast Forest Products’ Position in the Economy with Percent ChangeValue Added

  17. Northeast Forest Products’ Position in the Economy with Percent ChangeOutput

  18. Northeast Forest Products’ Position in the Economy with Percent Change Employment

  19. Northeast Forest Products Comparable Sectors - Value Added

  20. Northeast Forest Products Comparable Sectors - Output

  21. Northeast Forest Products Comparable Sectors - Employment

  22. Northeast Forestry Sector Economic Base Comparison

  23. Northeast TourismValue Added

  24. Northeast TourismOutput

  25. Northeast TourismEmployment

  26. Northeast Tourism SectorEconomic Base Comparison

  27. Northeast Forestry and Tourism Sector Economic Base Comparison

  28. Northeast Forestry, Tourism, and Mining Sector Economic Base Comparison

  29. Cook-Orr Top Ten Value Added

  30. Cook-Orr Top Ten Output

  31. Cook-Orr Top Ten Employment

  32. Cook-Orr Forest Products’ Position in the Economy

  33. Cook-Orr Forest Products’ Position in the Economy with Percent ChangeValue Added

  34. Cook-Orr Forest Products’ Position in the Economy with Percent ChangeOutput

  35. Cook-Orr Forest Products’ Position in the Economy with Percent Change Employment

  36. For more information contact: Jim Skurla, Director Bureau of Business and Economic Research 213A Labovitz School of Business and Economics 1318 Kirby Drive Duluth, MN 55812 Phone: 218-726-7895 Email: jskurla@umn.edu

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