Jackson Hodges, city of Anniston Public information Officer sent out a press release explaining the study conducted by the city and Jacksonville State University (JSU) Center for Economic Development & Business Research have studied the Anniston’s economic trends and behavior. His release is below.
You may have seen our announcement last month in regard to how the City of Anniston saw over $39 million dollars of commercial and residential construction investments in 2021! However, thanks to our community partners at the Jacksonville State University (JSU) Center for Economic Development & Business Research, we now know that our 2021 investment numbers equated to a $58 million economic output for Calhoun County! Now, you might be asking, what is Economic Output exactly? Well, economic output measures the value of all sales of goods and services. It is the sum of the final purchases and intermediate inputs on products and services. For example, if a furniture manufacturer buys wood from a saw mill for $100, and adds value to it by producing a piece of furniture which is then sold for $300, the economic output would total $400, which is the value of all sales in the chain of activity. Thus, our $39 million worth of commercial and residential construction, led to a chain of activity totaling an economic output value of $58+ million for our city and region!In addition to the above information Mr. Hodges shared many of the numbers as well breaking down each year.
