A metal can manufacturer in Batesville, MS in Panola County plans to expand and add 75 jobs, but the company wants a $5m state bond to enlarge their building. (Assume a construction company from Huntsville does the $5m in construction work). A 10-year state bond has an annual debt payment of $600,000. As a research analyst for the Mississippi Development Authority, you have been asked to conduct an economic and fiscal impact analysis of this project using IMPLAN. What are your recommendations? Should the state issue the bond considering it will cost the state $600k per year for 10 years? Your answer should include the following:
a- What IMPLAN sector code did you use?
b- What is the total direct, indirect, and induced job creation? (Are they good jobs for Panola County?)
c- What are the expected total fiscal impact for the state based on IMPLAN?
d- What is your recommendation about the proposed incentive offer?