Determining the Regional Economic Values of Ethanol Production in Iowa Considering Different Levels of Local Investment

This study develops a baseline economic impact model for a 50MGY ethanol plant considering all new production inputs and estimated net new output in the new economy. The baseline scenario presupposes no local ownership in the plant. The research next allocates payments to investors back into the study economy to simulate different levels of "local" investment and, concomitantly, local receipt of profits. For each 25 percent increase in local ownership, the model added 29 more jobs to the local economy.