MARICOPA COUNTY JXAM IMPACT ANALYSIS.PDF

DECEMBER 2025
Maricopa County 
JX Advanced Metals 
USA, Inc
Impact Analysis
602.256.7700 /// gpec.org

Impact Analysis
Overview
Below is an analysis of JX Advanced Metals USA, Inc’s impact over the next 10 years to demonstrate the 
economic value the company will generate in Maricopa County.
Based on the assumptions outlined below, JX Advanced Metals will generate an estimated $2.3 million 
in direct tax revenues and an additional $646,417 in indirect tax revenues for an estimated total of $3 
million in tax revenues to Maricopa County over a 10-year period. 
In 10 years, this company will directly create an estimated $126.1 million of personal income, plus an 
additional $106.7 million in indirect personal income for a total of $232.8 million. Over a 10-year period 
JX Advanced Metals will create $870.4 million in economic output, with $571 million in direct economic 
output, and $299.3 million in indirect output. 
Assumptions 
• Total Employment at the end of 10 Years: 193
• Total Payroll at the end of 10 Years: $126.1 million
• Total Square Feet of Property: 273,000 square feet 
• Total Real Property Improvement Investment: $173.5 million
• Total Personal Property Investment: $82.6 million
10-Year Economic Impact to Maricopa County
Impact
Jobs
Personal Income
Economic Output
Revenues
Direct
193
$126,101,000 
$571,079,177 
$2,344,402 
Indirect
212
$106,730,461 
$299,367,444 
$646,417
Total
405
$232,831,461 
$870,446,619 
$2,990,819 
IMPACT ANALYSIS
2

Direct Revenue and Economic Impact
Year
Jobs
Personal Income
Output
Revenues
2022
126
$8,645,000 
$39,150,994 
$191,434 
2023
128
$9,440,000 
$42,751,346 
$503,636 
2024
125
$10,066,000 
$45,586,339 
$326,815 
2025
140
$11,360,000 
$51,446,534 
$202,929 
2026
147
$12,040,000 
$54,526,081 
$177,724 
2027
153
$12,910,000 
$58,466,088 
$180,181 
2028
163
$13,910,000 
$62,994,832 
$184,277 
2029
173
$14,910,000 
$67,523,577 
$188,373 
2030
183
$15,910,000 
$72,052,321 
$192,469 
2031
193
$16,910,000 
$76,581,065 
$196,564 
Total
193
$126,101,000 
$571,079,177 
$2,344,402 
Year
Jobs
Personal Income
Output
Revenues
2022
109
$7,317,030 
$20,523,482 
$44,398
2023
119
$7,989,910 
$22,410,835 
$48,471
2024
127
$8,519,749 
$23,896,977 
$51,730
2025
143
$9,614,975 
$26,968,970 
$58,247
2026
151
$10,190,520 
$28,583,310 
$61,505
2027
163
$10,926,878 
$30,648,716 
$66,393
2028
175
$11,773,267 
$33,022,745 
$71,281
2029
188
$12,619,655 
$35,396,774 
$76,576
2030
200
$13,466,044 
$37,770,803 
$81,464
2031
212
$14,312,433 
$40,144,832 
$86,352
Total
212
$106,730,461 
$299,367,444 
$646,417
Indirect Revenue and Economic Impact
3
IMPACT ANALYSIS
Year
Jobs
Personal Income
Output
Revenues
2022
235
$15,962,030 
$59,674,475 
$235,832 
2023
247
$17,429,909 
$65,162,180 
$552,107 
2024
252
$18,585,749 
$69,483,316 
$378,545 
2025
283
$20,974,976 
$78,415,505 
$261,176 
2026
298
$22,230,520 
$83,109,391 
$239,229 
2027
316
$23,836,878 
$89,114,804 
$246,574 
2028
338
$25,683,267 
$96,017,577 
$255,558 
2029
361
$27,529,655 
$102,920,350 
$264,949 
2030
383
$29,376,044 
$109,823,124 
$273,933 
2031
405
$31,222,433 
$116,725,897 
$282,916 
Total
405
$232,831,461 
$870,446,619 
$2,990,819 
Total Regional Revenue and Economic Impact

Property Tax Analysis
IMPACT ANALYSIS
4
Year
Property Taxes
Total
Business
Residential
2022
$42,247 
$35,100 
$7,147 
2023
$96,212 
$88,945 
$7,267 
2024
$120,197 
$113,192 
$7,005 
2025
$125,233 
$117,524 
$7,709 
2026
$125,765 
$117,831 
$7,934 
2027
$126,101 
$117,966 
$8,135 
2028
$126,662 
$118,101 
$8,561 
2029
$127,223 
$118,236 
$8,987 
2030
$127,784 
$118,371 
$9,413 
2031
$128,345 
$118,506 
$9,839 
Total
$1,145,769 
$1,063,775 
$81,994

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 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.  
IMPACT ANALYSIS
Impact Analysis
5

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602.256.7700 /// gpec.org