The Economic Impact of a New Pulp and Paper Facility on Northeast Minnesota

Abstract

The following is the final report on determining the economic impact of a proposed paper mill in northeast Minnesota. This report will describe the model used and present the impact results in terms of regional output, employment, earnings, population, and taxes paid. Some indication will be given as to the reliability of the results as well. The primary goal here is to provide reasonably accurate impact estimates in a timely manner. The information contained in this report can be used to indicate at least some of the benefits to the region from support for this project. The costs that might be included in a cost/benefit study are not the subject of this research effort. However, the benefits are provided on a designated year basis. With additional cost information and with proper discounting procedures, appropriate cost/benefit measures could be obtained.