Page 2 - The Economic Impact of The Nursing Home Inductry in the State of Mississippi

VALUE-ADDED

Nursing home expenditures contributed
$1.27 billion of value-added goods and Impact Value-Added Output
services produced within Mississippi during Direct $764,881,107 $1,270,108,615
fiscal year 2022. Indirect $197,112,931 $438,293,466
Induced $312,675,678 $579,474,249
Direct Effect: Spending by Nursing Homes increased value- Total $1,274,669,717 $2,287,876,331
added directly by $764.8 million. Source: IMPLAN® model, 2022 Data, using inputs provided by the Stennis
Indirect Effect: Expenditures by nursing homes contributed Institute of Government at Mississippi State University and IMPLAN Group
$197.1 million of indirect value-added.
Induced Effect: Increases in household spending associated
with expenditures by nursing homes contributed $312.7 mil-
lion of value-added to Mississippi’s economy in Fiscal Year
2022.

OUTPUT ADDED

In fiscal year 2022, nursing home expenditures contributed $2.29 billion of total
economic output to the state of Mississippi.

Direct Output: Nursing home expenditures created a direct output stimulus of $1.27 billion during Fiscal
Year 2022.
Indirect Output: Economic activity within the nursing home supply chain in the form of the purchase of
goods and services increased indirect economic output by $438.2 million.
Induced Output: Spending by nursing homes supported increased employment (direct and indirect), the
wages and incomes associated with these jobs stimulated household expenditures; this increase in con-
sumption created an additional $579.5 million of induced economic output throughout Mississippi.

TAX REVENUE

Expenditures by nursing homes in Mississippi contribute to state and local tax revenues by creating jobs,
income for workers, business income throughout the chain of suppliers that do business with nursing
homes, and the economic activity associated with the production and purchase of goods and services. In
Fiscal Year 2022, nursing homes generated an estimated $91.98 million in tax revenue for the benefit of
governmental entities in Mississippi. Annual sales tax revenue associated with the ongoing operations of
nursing homes was approximately $40.5 million and property tax revenue was estimated to be $24.8 mil-
lion (see the table below).

Sub-County Sub-County
TAX REVENUE BY TYPE County Impact State Impact Total
Special District General
Sales Tax $660 $575,632 $178,419 $39,785,428 $40,540,139
Property Tax $11,628,759 $3,976,202 $9,016,597 $203,754 $24,825,312
Motor Vehicle License $0 $0 $0 $1,153,018 $1,153,018
Severance Tax $0 $0 $0 $433,620 $433,620
Other Taxes $113,466 $133,149 $329,747 $2,304,922 $2,881,284
Special Assessments $49,337 $6,067 $50 $0 $55,453
Corporate Profits Tax $0 $0 $0 $3,375,777 $3,375,777
Personal Income Tax $0 $0 $0 $18,547,691 $18,547,691
Personal Tax: Other Tax (Fish/Hunt Licenses) $0 $0 $0 $107,153 $107,153
Total $11,792,221 $4,691,049 $9,524,813 $65,979,098 $91,987,181
Source: IMPLAN® model, 2022 Data, using inputs provided by the Stennis Institute of Government at Mississippi State University and IMPLAN Group LLC,
System data software