Economic and Fiscal Impacts of an Increase in Consumer Spending on Baldwin and Mobile Counties and the State of Alabama

This report presents the economic and fiscal impacts of a $1,000,000 increase in consumer spending in the retail sector in Baldwin and Mobile counties by the participants of the Strengthen Alabama Homes program as a result of a reduction in home insurance premiums. It is assumed that the lowering of insurance premiums will result in an increase in consumer spending. The economic impacts presented in this report focus on output, value-added, earnings, and employment.

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