Page 29 - Georgia Forestry - Issue 2 - Spring 2024

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Juli Golemi holds a strategy and planning meeting with her team.
of collecting, analyzing and publishing statistical data related to the U.S. business economy. Special input/output software, called IMPLAN, is used that combines data and analytics to yield greater under- standing of economic impacts.
“When we get data from the Georgia Department of Labor, we receive data that is specific for each sector,” Golemi said. “We use ‘employment’ as input for the economic model for the state of Georgia and estimate the impact of the industry sectors that way.”
Golemi said the data collection and validation steps are huge.
“We spend a lot of time on that data,” she said. “The GFC contacts plants to get employment numbers and that’s how we calculate the economic impact. A fiscal impact model calculates tax revenue gen- erated for the state.”
‘Mountains and
Mountains of Data’
For economic impacts, Golemi said the focus is on employment, earnings and output, or the production of the compa- nies. For fiscal impacts, the focus is on tax revenue, sales and income. The annual study captures both impact types.
“We go through mountains and moun- tains of data,” Golemi said. “Our team works closely together. We brainstorm ideas and talk about different ways to capture and measure the impacts of non-traditional data. Bioenergy is one sector that was added in recent years.”
The data used for the forest economic- impact report is typically available to Golemi by October of the following year. A first draft of the report is usually completed by mid-November, when the GFC team reviews it and makes any necessary changes. The final report is completed by early December.
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