2018 georgia forest economic report
play

2018 Georgia Forest Economic Report 1/27/20 Jonathan Brown - PowerPoint PPT Presentation

Nov 24, 2022 •166 likes •363 views

2018 Georgia Forest Economic Report 1/27/20 Jonathan Brown Utilization Forester Georgia Forestry Commission 56 New Hope Rd Canon, GA 30520 Georgia Economic Report Overview Economic report intent: Quantify the economic activity within

  1. 2018 Georgia Forest Economic Report 1/27/20 Jonathan Brown Utilization Forester Georgia Forestry Commission 56 New Hope Rd Canon, GA 30520

  2. Georgia Economic Report Overview Economic report intent: • Quantify the economic activity within the forest industry (direct impact) • Estimate economic activity Georgia’s forest industry has across all sectors (total impact) • Compare the forest industry with other manufacturing industries • Quantify economic activity within the 12 regional commissions in Georgia Economic Benefits of the Forest Industry in Georgia: 2018

  3. Economic Metrics Impacts: • Direct – dollars and employment generated within the forest industry • Total – additional value generated across other sectors from the direct impact and circulated within the Georgia economy (multiplier effect) Metrics: • Output – similar to sales revenue • Employment • Compensation – defined as wages and salaries including benefits Economic Benefits of the Forest Industry in Georgia: 2018

  4. 2018 Forest Industry Direct Impacts Sector Output Employment Wages & Salaries Forestry Management and Logging 504 M 5,609 $332 M $590 M 880 $102 M Bioenergy Lumber and Wood Preservation $1,779 M 5,806 $396 M Veneer, Plywood, Reconstituted, and Engineered $1,770 M 4,687 $428 M Wood Prefabricated Wood Buildings and Manufactured $605 M 2,594 $123 M Housing Pulp and Paper Products $13,110 M 19,572 $1,776 M Woodworking and Paper Industries Machinery $109 M 436 $28 M Wooden Furniture, Cabinets, Custom Arch. & $2,054 M 10,585 $552 M Millwork, Windows and Doors Containers, Showcases, Partitions, and Shelving $966 M 4,920 $282 M Total $21,487 M 55,089 $4,019 M Economic Benefits of the Forest Industry in Georgia: 2018

  5. Direct Impact – Percent Change 20.0% 15.0% 10.0% Annual Percent Change 5.0% Wages & Salaries 0.0% Employment 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 -5.0% Output -10.0% -15.0% -20.0% Year Economic Benefits of the Forest Industry in Georgia: 2018

  6. Output Trend $25,000 Forestry Mgt. and $20,000 Logging Lumber & Wood Preservation Million USD $15,000 Veneer, Plywood, & Engineered Wood $10,000 Pulp and Paper $5,000 Secondary Products Bioenergy $0 Year Economic Benefits of the Forest Industry in Georgia: 2018

  7. Employment Trend 60,000 Forestry Mgt. and 50,000 Logging Lumber & Wood 40,000 Employment Preservation Veneer, Plywood, & 30,000 Engineered Wood 20,000 Pulp and Paper 10,000 Secondary Products 0 Bioenergy Year Economic Benefits of the Forest Industry in Georgia: 2018

  8. Compensation Trend $4,500 $4,000 Forestry Mgt. and $3,500 Logging $3,000 Lumber & Wood Million USD Preservation $2,500 Veneer, Plywood, & $2,000 Engineered Wood Pulp and Paper $1,500 $1,000 Secondary Products $500 Bioenergy $0 Year Economic Benefits of the Forest Industry in Georgia: 2018

  9. 2018 Industry Comparison Industry Sectors Employment Wages & Salaries 68,035 $4,037.6 M Food Processing Forestry Industry 55,089 $4,017.5 M Transportation Equipment 54,687 $3,826.2 M Textiles 51,203 $2,314.1 M Fabricated Metal Products 39,377 $2,120.4 M Machinery 21,898 $1,598.2 M Chemicals 21,783 $1.338.7 M Electrical Equipment and Appliances 13,890 $1,017.5 M 13,055 $625.5 M Printing Computers and Electronic Products 5,996 $625.3 M Apparel 2,446 $96.2 M Economic Benefits of the Forest Industry in Georgia: 2018

  10. Forest Industry Fiscal Impact Forest Industry Fiscal Impact 2017 2018 % Change State Revenue $970 $977 1% State Costs $873 $867 -1% Net Revenue $97 $109 12% Economic Benefits of the Forest Industry in Georgia: 2018

  11. 2018 Total Economic Impact Sector Output Employment Wages & Salaries Agriculture, Forestry, Fish & Hunting $896.9 M 9,906 $553.2 M Mining $41.6 M 231 $13.3 M Utilities $1,526.4 M 1,859 $232.7 M Construction $294.3 M 1,810 $103 M $21,249.4 M 50,737 $3,731.9 M Manufacturing Wholesale Trade $1,860.0 M 7,675 $662.8 M Retail Trade $744.8 M 8,553 $273.9 M Transportation & Warehousing $1,237.9 M 8,104 $497.4 M Information $850.1 M 1,656 $228.4 M Finance & Insurance $1,302.5 M 4,821 $351.4 M Real Estate & Rental $1,617.9 M 3,914 $108.6 M Professional, Scientific & Tech Services $1,097.6 M 8,343 $627.1 M Management of companies $751.2 M 3,040 $377.7 M Administrative & Waste Services $686.9 M 10,569 $341.6 M Educational Services $113.7 M 1,802 $71.3 M Health & Social Services $873.1 M 8,253 $480.5 M Arts, Entertainment & Recreation $129.2 M 1,946 $40.1 M Accommodation & Food Services $515.6 M 8,515 $180.4 M Other Services $443.5 M 6,486 $213.2 M Government & non-NAICS Industries $29.7 M 195 $16.5 M TOTAL $36,262.4 M 148,414 $9,105.1 M Economic Benefits of the Forest Industry in Georgia: 2018

  12. Total Impact – Percent Change 25.0% 20.0% 15.0% Annual Percent Change 10.0% Wages & Salaries 5.0% Employment 0.0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Output -5.0% -10.0% -15.0% -20.0% Year Economic Benefits of the Forest Industry in Georgia: 2018

  13. Georgia Regional Commissions Economic Benefits of the Forest Industry in Georgia: 2018

  14. 2018 Regional Direct Impacts Regional Commissions Output Employment Wages & Salaries Atlanta Regional Commission $5,724.4 M 12,704 $1,070.3 M Central Savannah River Area $1,538.5 M 3,670 $287.7 M Coastal $2,318.7 M 4,770 $433.5 M Georgia Mountains $796.8 M 2,691 $149.0 M Heart of Georgia Altamaha $1,796.6 M 4,760 $335.9 M Middle Georgia $1,324 M 3,493 $247.5 M Northeast Georgia $1,218.6 M 3,186 $227.8 M Northwest GA $1,462.2 M 3,949 $273.4 M River Valley $742.8 M 1,973 $138.9 M Southern Georgia $1,741.7 M 5,633 $325.6 M Southwest Georgia $1,610.1 M 4,604 $301.0 M Three Rivers $1,213.2 M 3,654 $226.8 M TOTAL $21,487.8 M 55,089 $4,017.5 M Economic Benefits of the Forest Industry in Georgia: 2018

  15. 2018 Regional Output Economic Benefits of the Forest Industry in Georgia: 2018

  16. 2018 Regional Employment • Atlanta Regional, Southern Georgia, and Coastal Regional Commissions account for the most forestry jobs (42% of total) • However, regions most dependent on forestry employment compared to other industries include Heart of GA Altamaha (5.5%), Southern GA (4.0%), and Southwest GA (3.7%) Economic Benefits of the Forest Industry in Georgia: 2018

  17. 2018 Regional Compensation • Atlanta Regional provides the most forestry compensation at $1.1 billion. However, this only accounts for 0.8% of the region’s total compensation • The most dependent regions on forestry compensation are Heart of GA Altamaha (10.7%), Southern GA (6.4%), and Southwest GA (6.1%) Economic Benefits of the Forest Industry in Georgia: 2018

  18. Source • Economic Benefits of the Forest Industry in Georgia – 2018 • Prepared by Enterprise Innovation Institute – Georgia Institute of Technology • Full report - http://www.gatrees.org/utilization/economic- impacts/2018%20Forestry%20Impact%20Report.pdf • Fact sheet – http://www.gatrees.org/utilization/economic- impacts/2018%20Forest%20Economic%20Factsheet.pdf

Recommend

2017 Forest Health Report Board of Forestry September 5 th , 2018 AGENDA ITEM A Attachment 05

2017 Forest Health Report Board of Forestry September 5 th , 2018 AGENDA ITEM A Attachment 05

2017 Forest Health Report Board of Forestry September 5 th , 2018 AGENDA ITEM A Attachment 05 Page 1 of 38 Forest Health introduction Marganne Allen Wyatt Williams Sarah Navarro Manager Invasive Species Specialist Forest Pathologist

493 views • 38 slides
Economic Report of the President Together with The Annual Report of the Council of Economic

Economic Report of the President Together with The Annual Report of the Council of Economic

Economic Report of the President Together with The Annual Report of the Council of Economic Advisers March 2019 GDP growth during the four quarters of 2018 was the fastest since 2005. This Administration is the first on record to have

441 views • 15 slides
Affairs of Georgia 2020 Economic Growth Economic Growth Components of GDP 2018 Industry 24.8%

Affairs of Georgia 2020 Economic Growth Economic Growth Components of GDP 2018 Industry 24.8%

Ministry of Foreign Affairs of Georgia 2020 Economic Growth Economic Growth Components of GDP 2018 Industry 24.8% Others 33.9% Infrastructure 12.9% Agriculture 6.8% Trade 12.4% Transport & telecommunication 9.2% GDP per capita (PPP)

410 views • 20 slides
New Brunswick Forest Industry Economic Impacts March 2018 Introduction Introduction Forestry

New Brunswick Forest Industry Economic Impacts March 2018 Introduction Introduction Forestry

New Brunswick Forest Industry Economic Impacts March 2018 Introduction Introduction Forestry & Logging Purpose The aim is to inform policy-makers Scope and the public about the contribution Wood Products of the forest sector to the

472 views • 21 slides
How we do it Take care of the forest Forest regeneration when growth declines (55-120

How we do it Take care of the forest Forest regeneration when growth declines (55-120

How we do it Take care of the forest Forest regeneration when growth declines (55-120 years) History (1886 forest law that requires regeneration) Timing Economic significance Hunting, to prevent forest damage planting Right

299 views • 6 slides
Start-up Charter Schools in Georgia Economic Impact Study Research Questions The State Charter

Start-up Charter Schools in Georgia Economic Impact Study Research Questions The State Charter

April 25, 2018 Dr. Peter Bluestone Economic Impact of Start-up Charter Schools in Georgia Economic Impact Study Research Questions The State Charter Schools Commission of Georgia commissioned Georgia State University Center for State and

304 views • 17 slides
Georgia Economic Outlook 2016 Government of Georgia www.gov.ge Table of Contents Georgian

Georgia Economic Outlook 2016 Government of Georgia www.gov.ge Table of Contents Georgian

Georgia Economic Outlook 2016 Government of Georgia www.gov.ge Table of Contents Georgian Economy Business Environment and Ratings Tax Environment Key Terms of The Tender Lottery Sector in Georgia Contact Information

761 views • 39 slides
Oregon Forest Ecosystems Carbon Report Overview of Information in Draft Forest Carbon Tables from

Oregon Forest Ecosystems Carbon Report Overview of Information in Draft Forest Carbon Tables from

Oregon Forest Ecosystems Carbon Report Overview of Information in Draft Forest Carbon Tables from USFS Forest Inventory and Analysis For the 2016 Inventory Period AGENDA ITEM 3 Attachment 2 Page 1 of 19 Oregon Forest Ecosystems Carbon Report

238 views • 19 slides
Georgia Written by: Skylyn G. Introduction The state I have picked for my report is Georgia. I

Georgia Written by: Skylyn G. Introduction The state I have picked for my report is Georgia. I

Georgia Written by: Skylyn G. Introduction The state I have picked for my report is Georgia. I picked Georgia because I used to live in Georgia. Did you know Georgia's population is 9,687,653. That is an enormous number. The state capital

302 views • 9 slides
ECONOMY OF PENNSYLVANIA SEPTA 2018 ECONOMIC IMPACT REPORT 41/32/5 Southeastern PA is the

ECONOMY OF PENNSYLVANIA SEPTA 2018 ECONOMIC IMPACT REPORT 41/32/5 Southeastern PA is the

DRIVES THE ECONOMY OF PENNSYLVANIA SEPTA 2018 ECONOMIC IMPACT REPORT 41/32/5 Southeastern PA is the Commonwealths key economic engine. THE FIVE COUNTIES GENERATE 41% OF STATES ECONOMIC ACTIVITY WITH 32% OF ITS POPULATION ON 5% OF ITS

561 views • 28 slides
BIOTECHNOLOGY AND FOREST HEALTH THE NATIONAL ACADEMY MARCH 27 2018 Rachel Smolker, Ph.D.

BIOTECHNOLOGY AND FOREST HEALTH THE NATIONAL ACADEMY MARCH 27 2018 Rachel Smolker, Ph.D.

BIOTECHNOLOGY AND FOREST HEALTH THE NATIONAL ACADEMY MARCH 27 2018 Rachel Smolker, Ph.D. Biofuelwatch and the Global Forest Coalition rsmolker@riseup.net EVOLUTIONARY BIOLOGY AND ENVIRONMENTAL ACTIVISM SCIENCE IN A SOCIAL ECONOMIC AND

530 views • 29 slides
EGCs 6 th Report to the Nation Economic Growth Council Report for the Period April to June

EGCs 6 th Report to the Nation Economic Growth Council Report for the Period April to June

EGCs 6 th Report to the Nation Economic Growth Council Report for the Period April to June 2018 Presented: August 23, 2018. Economic Growth, the key to Wealth Creation and Crime Reduction EGCs 6 th Report to the Nation The Jamaican

183 views • 16 slides
EGCs 5 th Report to the Nation Economic Growth Council Report for the Period January March

EGCs 5 th Report to the Nation Economic Growth Council Report for the Period January March

EGCs 5 th Report to the Nation Economic Growth Council Report for the Period January March 2018 Presented: April 25, 2018 Economic Growth, the key to Wealth Creation and Crime Reduction EGCs 5 th Report to the Nation Initiatives

263 views • 10 slides
GEORGIA STATE UNIVERSITY ECONOMIC FORECASTING ECONOMIC FORECASTING CONFERENCE Marlon G. Cook

GEORGIA STATE UNIVERSITY ECONOMIC FORECASTING ECONOMIC FORECASTING CONFERENCE Marlon G. Cook

GEORGIA STATE UNIVERSITY ECONOMIC FORECASTING ECONOMIC FORECASTING CONFERENCE Marlon G. Cook Regional Manager Division of Insurance and Research Atl Atlanta, Georgia t G i August 26, 2009 Disclaimer: Disclaimer: The views

225 views • 19 slides
BEST IN CLASS Kyle Hood, MPA Workforce and Economic Development Liaison The Georgia Department

BEST IN CLASS Kyle Hood, MPA Workforce and Economic Development Liaison The Georgia Department

Education and Economic Development in Georgia: BEST IN CLASS Kyle Hood, MPA Workforce and Economic Development Liaison The Georgia Department of Economic Development (GDEcD) is the states sales and marketing arm, the lead agency for

502 views • 15 slides
20/04/18 The chapters of the Oxfam report 1. The DCFTA and international economic integration THE

20/04/18 The chapters of the Oxfam report 1. The DCFTA and international economic integration THE

20/04/18 The chapters of the Oxfam report 1. The DCFTA and international economic integration THE IMPACT OF THE DCFTA ON 2. Georgian agriculture and food security SMALLHOLDER FARMERS IN 3. Agricultural trade and the DCFTA GEORGIA 4. Opening the

60 views • 5 slides
Is the U.S. Losing Its Manufacturing Base? Georgia State University William Strauss Economic

Is the U.S. Losing Its Manufacturing Base? Georgia State University William Strauss Economic

Is the U.S. Losing Its Manufacturing Base? Georgia State University William Strauss Economic Forecasting Center Senior Economist Atlanta, Georgia and Economic Advisor May 21, 2008 Federal Reserve Bank of Chicago The Setup Manufacturing

533 views • 51 slides
Barings/UNC Charlotte Economic Forecast September 12 th , 2018 The data used in this report comes

Barings/UNC Charlotte Economic Forecast September 12 th , 2018 The data used in this report comes

Barings/UNC Charlotte Economic Forecast September 12 th , 2018 The data used in this report comes from the websites for the U.S. Department of Commerce's Bureau of Economic Analysis (www.bea.gov) and the North Carolina Employment Security

321 views • 9 slides
Russia Economic Report September 2014 | Edition No. 32 Russia Economic Report No. 32 1. Recent

Russia Economic Report September 2014 | Edition No. 32 Russia Economic Report No. 32 1. Recent

Policy Uncertainty Clouds Medium-Term Prospects Russia Economic Report September 2014 | Edition No. 32 Russia Economic Report No. 32 1. Recent Economic Developments 2. Outlook and Risks 3. Paths to Diversified Development in Russia Main

818 views • 38 slides
Rising Ris isks for th the Housing Outlook LMC Forest Products & Building Materials Expo

Rising Ris isks for th the Housing Outlook LMC Forest Products & Building Materials Expo

Rising Ris isks for th the Housing Outlook LMC Forest Products & Building Materials Expo October 24, 2018 Danushka Nanayakkara, NAHB AVP, Forecasting and Analysis Economic ic and Housin ing Outl tlook Tax Reform Economic

942 views • 57 slides
Forest reporting on Web 2.0: A conversation, not a lecture! Simon Bridge Natural Resources

Forest reporting on Web 2.0: A conversation, not a lecture! Simon Bridge Natural Resources

Forest reporting on Web 2.0: A conversation, not a lecture! Simon Bridge Natural Resources Canada Canadian Forest Service Forest C&I Analytical Framework and Report Workshop Finnish Forest Research Institute May 19-21, 2008 Joensuu,

306 views • 20 slides
Annual Public General Meeting Report from the President and CEO May 10, 2018 Air Access is a Key

Annual Public General Meeting Report from the President and CEO May 10, 2018 Air Access is a Key

Annual Public General Meeting Report from the President and CEO May 10, 2018 Air Access is a Key Component of Economic Growth 15 Non-Stop Destinations 7,100 Seats Per Day Economic Impact of Canadas Airports YYJ Economic Impact

818 views • 50 slides
Benefits Project Background The Forestry Commission of Ghana has adopted forest plantations

Benefits Project Background The Forestry Commission of Ghana has adopted forest plantations

2082019 Presentation Outline Introduction Incorporation of shade loving NTFPs in forest Benefits and challenges of MTS plantations for environmental and economic Objectives benefits to forest fringe communities in

738 views • 5 slides
Quarterly Economic and Financial Developments Report March 2018 Prepared by the Research

Quarterly Economic and Financial Developments Report March 2018 Prepared by the Research

Quarterly Economic and Financial Developments Report March 2018 Prepared by the Research Department 1 Overview of Domestic Economic Developments REAL Indications are that the domestic economy expanded at a modest pace over the first

459 views • 29 slides

More recommend