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Economic Evaluation of the Impact of Waterways on the State of Arkansas – Phase Two

Economic Evaluation of the Impact of Waterways on the State of Arkansas – Phase Two. Heather Nachtmann, Ph.D. University of Arkansas October 30, 2001. Funded by the. Arkansas Rivers and Ports. Centrally Located. 5 rivers. One of 24 States with Inland Waterways. 9 Public Ports.

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Economic Evaluation of the Impact of Waterways on the State of Arkansas – Phase Two

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  1. Economic Evaluation of the Impact of Waterways on the State of Arkansas – Phase Two Heather Nachtmann, Ph.D. University of Arkansas October 30, 2001 Funded by the

  2. Arkansas Rivers and Ports Centrally Located 5 rivers One of 24 States with Inland Waterways 9 Public Ports

  3. Link to Latin America Trade between US & Latin America is increasing Expected to Double by the Year 2010

  4. = = Comparison of Cargo Capacity 1 barge 15 railcars 60 trucks

  5. Comparison of Shipment Costs $5.35 $2.53 $0.97

  6. Comparison of Fuel Efficiency 514 202 59

  7. Economic Input/Output Analysis • Regional Economic Modeling System II (RIMS II) • Arkansas multipliers • Estimated impacts • Total economic value/output • Earnings • Employment

  8. Economic Value Impacts Total Value Impact $811 million

  9. Economic Earnings Impacts Total Employee Earnings $561 million

  10. Economic Employment Impacts Total Employed 17,418

  11. Tax Impacts • Inland water transportation industry generates $2.4 million in payroll taxes (Mercer Management Consulting, 1995) • Industries generate over $165 million in payroll taxes (Mercer Management Consulting, 1995)

  12. Arkansas House Bill 1696 • Established a program for public port authorities in Arkansas to fund public port infrastructure improvements (3/01) • At this time, no funds have been appropriated

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