GPEC ALDI ECONOMIC IMPACT ANALYSIS.PDF

ALDI IMPACT ANALYSIS
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Phot›Yedit Jen; sivison, achrcom
2 N. Central Ave. MEMBER COMMUNITIES
Suite 2500 MARICOPA COUNTY CAREFREE FOUNTAIN HILLS GOODYEAR PHOENIX TEMPE
Phoenix, AZ 85004 APACHE JUNCTION CASA GRANDE GILA BEND MARICOPA QUEEN CREEK TOLLESON
Greater Phoenix 602.256.7700 AVONDALE CHANDLER GILBERT MESA SCOlTSDALE WICKENBURG
ECONOMIC COUNCIL gpec.org BUCKEYE EL MIRAGE GLENDALE PEORIA SURPRISE YOUNGTOWN

Al 1-11 Greater Phoenix
ECONOMIC IMPACT ANALYSIS ECONOMIC COUNCIL
CITY OF GOODYEAR IMPACT ANALYSIS
December 2017
Overview
Maricopa County requested an economic impact analysis of Aldi's impact on the City of Goodyear
and Maricopa County over a 10 year period to demonstrate the economic value the company may
generate in the region.
Based on the assumptions outlined below, Goodyear will receive an estimated $3.04 million in direct
tax revenues and an additional $0.56 million in indirect tax revenues for a total of $3.60 million in
tax revenue over a 10 year period.
In 10 years Aldi directly creates an estimated $49.89 million of personal income, plus an additional
$24.49 million in indirect personal income for a total of $74.37 million. Aldi also creates an
estimated $190.63 million in economic output, with $113.85 million in direct economic output,
and $76.78 million in indirect output over the same period.
Assumptions
Total Employment at the end of 10 Years: 132 full-time employees
Total Payroll at the end of 10 Years: $10,666,240
Total Square Feet of Property: 550,000 SF by Year 1
Total Real Property Improvement Investment: $55,000,000
Total Personal Property Investment: $2,500,000
10-Year Economic Impact to City of Goodyear
MUM ECONOMIC OUTPUT
Direct $49,887,500 $113,850,661 $3,038,950
Indirect 79 $24,486,787 $76,779,100 $561,489
Total $74,374,287 $190,629,761 $3,600,439
2 N Central Ave. Suite 2500 1 Phoenix, A7 85004 1 602 256 7700 1 gpec org

Al 1-11 Greater Phoenix
ECONOMIC IMPACT ANALYSIS ECONOMIC COUNCIL
December 2017
Goodyear Direct Revenue and Economic Impact
Iffl ERSONAL INCOME ECONOMIC OUTPUT REVENUES
•
2020 5 $345,000 $787,341 $1,043,706
2021 65 $3,096,250 $7,066,101 $482,914
2022 82 $4,218,750 $9,627,812 $157,715
2023 96 $4,957,500 $11,313,749 $170,916
2024 107 $5,438,750 $12,412,033 $181,266
2025 113 $5,701,250 $13,011,097 $186,746
2026 132 $6,532,500 $14,908,132 $204,286
2027 132 $6,532,500 $14,908,132 $204,053
2028 132 $6,532,500 $14,908,132 $203,751
2029 132 $6,532,500 $14,908,132 $203,597
Total L 132 $49,887,500 $113,850,661 $3,038,950
Goodyear Indirect Revenue and Economic Impact
YEAR JOBS PERSONAL INCOME ECONOMIC OUTPUT REVENUES
2020 4 Mr $169,339 11MI $530,970 $3,883
2021 37 $1,519,764 $4,765,267 $34,849
2022 II 51 $2,070,732 $6,492,846 $47,482
2023 60 $2,433,340 $7,629,815 $55,797
2024 66 $2,669,557 $8,370,480 $61,214
2025 69 $2,798,402 $8,774,479 $64,168
2026 79 $3,206,413 $10,053,810 $73,524
2027 79 $3,206,413 $10,053,810 $73,524
2028 79 $3,206,413 $10,053,810 $73,524
2029 79 $3,206,413 $10,053,810 $73,524
Total 79 $24,486,787 $76,779,100 $561,489
Goodyear Total Revenue and Economic Impact
111 ECONOMIC OUTPUT REVENU
2020 9 $514,340 $1,318,312 I $1,047,589
2021 102 $4,616,014 $11,831,369 $517,763
2022 133 $6,289,482 $16,120,658 $205,198
2023 156 $7,390,840 $18,943,564 $226,713
2024 172 $8,108,307 $20,782,513 $242,480
2025 182 $8,499,652 $21,785,576 $250,914
2026 211 $9,738,913 $24,961,943 $277,810
2027 211 $9,738,913 $24,961,943 $277,577
2028 211 $9,738,913 $24,961,943 $277,275
2029 211 $9,738,913 $24,961,943 $277,120
Total 211 $74,374,287 $190,629,761 $3,600,439
2 N Central Ave. Suite 2500 1 Phoenix, Al 85004 1 602 256 7700 1 gpec org

Al 1-11 Greater Phoenix
ECONOMIC IMPACT ANALYSIS ECONOMIC COUNCIL
MAR ICOPA COUNTY REVENUE ANALYSIS
December 2017
Overview
Maricopa County requested an economic impact analysis of Aldi's impact on the City of Goodyear
and Maricopa County over a 10 year period to demonstrate the economic value the company has
generated in the region.
In 10 years UPS would directly create an estimated $1.47 million of direct revenue, plus an
additional $697,767 in indirect revenue for a total of $2.17 million in total revenues for Maricopa
County.
Assumptions
Total Employment at the end of 10 Years: 132 people
Payroll at the end of 10 Years: $10,666,240
Total Square Feet of Property: 550,000 SF by Year 1
Total Real Property Improvement Investment: $55,000,000
Total Personal Property Investment: $2,500,000
10-Year Economic Impact to Maricopa County
IRECT REVENU INDIRECT REVENUE TOTAL REVENUES
Total $1,471,444 $697,767 $2,169,214
Maricopa County Revenues
EAR DIRECT REVENUE INDIRECT REVENUE TOTAL REVENUES
2020 I- $245,286 IL $4,630 $249,916
2021 $167,004 $43,097 $210,101
2022 $110,188 $59,222 $169,410
2023 $119,588 $69,245 $188,833
2024 $126,954 $76,156 $203,110
2025 $130,820 $79,273 $210,093
2026 $143,234 $91,536 $234,771
2027 $143,021 $91,536 $234,558
2028 $142,745 $91,536 $234,281
2029 $142,604 $91,536 $234,141
Total $1,471,444 $697,767 $2,169,214
2 N Central Ave. Suite 2500 1 Phoenix, A7 85004 1 602 256 7700 1 gpec org

Al 1-11 Greater Phoenix
ECONOMIC IMPACT ANALYSIS ECONOMIC COUNCIL
December 2017
About GPEC Economic Impact Model
The Greater Phoenix impact model calculates economic and revenue impacts of new business in the
region. The underlying theory behind this regional model is that all communities benefit when a new
business locates in the region, both in terms of employed residents and new revenues. The purpose
of the model is to show how this distribution of economic benefits may occur.
Economic Impact
The impact model uses county-level multipliers from the Minnesota IMPLAN Group for Maricopa
County to calculate direct and indirect impact on specific communities in the Greater Phoenix
region. The model also calculates economic impact to the county and state economies in terms of
new jobs, output, and revenue generated. In addition to jobs, new businesses create new consumer
spending throughout. The payroll from the new businesses can be converted into effective buying
income. On a regional basis, effective buying income is distributed across retail and service
categories based on spending patterns from the Bureau of Labor Statistics.
Revenue Impact
Direct revenue impacts include revenues generated directly by the businesses, based on project
information such as real property values, employment, direct sales, and local and nonlocal
purchases. Additional revenues generated by related supplier and consumer jobs, and supported
residents are included in the indirect and total impact results. All revenue projections are in current
dollars.
Disclaimer
The results from this analysis suggest only one possible scenario based on given project parameters
and assumptions, and do not exclude other development possibilities under different assumptions.
The economic impact model serves as a tool for basic quantitative evaluations for economic
development projects. The results are based on the current economic structure of the communities,
and current tax rates. The results of the model are order-of-magnitude estimates, and are intended
only as a general guide as to show how businesses and development projects may impact the region.
2 N Central Ave. Suite 2500 1 Phoenix, A7 85004 1 602 256 7700 1 gpec org

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