Tourism Winnipeg

Economic impacts are categorized based on their relation to the subject industry, or weighted average of industries when a company, investment or project is a hybrid of a few industries. The economic impact categories are as follows: Induced economic impacts Economic activity associated with the spending of labor income generated by direct and indirect economic activities Indirect economic impacts Additional economic impacts that affect other industries and can be linked to the industry that was directly impacted Direct economic impacts Defined as those directly associated with the industry of interest Defining the approach Economic impact of one-time investments Output or industry sales (Millions of dollars) Direct $77.00 Indirect $51.52 Induced $33.89 Total $162.41 Gross domestic product (Millions of dollars) Direct $33.65 Indirect $26.49 Induced $19.45 Total $79.59 Employment (FTE jobs) Direct 349 Indirect 279 Induced 199 Total 828 The method is also a valid way to measure the impact of developments like CentrePort Canada, which includes property in both the city of Winnipeg and the Rural Municipality of Rosser. Employees on the Rosser side may live in Winnipeg, use city amenities and participate in events downtown, resulting in economic benefits for the city. When we discuss the value of YES! Winnipeg's work for our investors and the community, we need to recognize that the economic impact can be far-reaching. Understanding the impact of the direct, indirect and induced economic value that investments and expansion generate positions us to share in success with our partners and the broader region. It supports the Team Manitoba concept of collaborating to compete against other cities and provinces for jobs, investment and talent. And it reminds us that what is good for Winnipeg is good for Manitoba and vice-versa. YES! WINNIPEG 9

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