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further refined to reflect specific local water development projects to be implemented within <br />the time period of the analysis. <br />Table EX-1 summarizes the economic impact to the Four Corners region of critical habitat <br />designation for the four fishes. Under the WF scenario, the present value of output changes in <br />t]ie regional economy due to fish considerations is -$63.8 million, which represents seven one- <br />hundredths of one percent of the present value of the baseline (WOFBA) stream of output. <br />Job creation is projected to lag the WOFBA scenario by about nine one-hunderdths of one <br />percent, which represents about 53 jobs foregone annually. <br />Table EX 1 Regional Present Value and Annualized Incremental Critical Habitat <br />Impacts (3% Discount Rate) <br />DEVIATIONS over Baseline <br />Output Million 1990$ Percent <br />NPV 3 percent -63.787 -0.079 <br />nnualized values -3.225 -0.113 <br /> <br /> <br />Employment Persons Percent <br />verage Annual Incremental <br />obs Foregone 53 -0.089 <br />Table EX-2 summarizes the economic impact to the Native American subset of the Four <br />Corners regioq apportioned on the basis of population shares of the regional economy. Of the <br />study's two approaches to apportioning the regional impacts to the tribal economies-one on <br />the basis of population and the other on the basis of employment shares-the latter tends to <br />underestimate the economic consequences because tribal economies generally have a below- <br />average level of economic activity. <br />Under the WF scenario, the present value of output changes in the tribal economy due to fish <br />considerations is -$18.49 million (twenty-nine percent of that of the Four Corners region). <br />Again, job creation is projected to lag behind the WOFBA scenario by about nine one- <br />vii <br />