MARICOPA COUNTY IMPACT ANALYSIS.PDF

June 2025
Maricopa County 
Apple Inc. 
Impact Analysis
602.256.7700 /// gpec.org

Impact Analysis
Overview
Below is an analysis of Apple 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, Apple Inc. will generate an estimated $1.1 million 
in direct tax revenues and an additional $300,480 in indirect tax revenues for a total of $1.4 
million in tax revenue to Maricopa County over a 10-year period. 
In 10 years, this company will directly create an estimated $45 million of personal income, 
plus an additional $46.9 million in indirect personal income for a total of $91.9 million. Over 
a 10-year period Apple Inc. will create $281 million in economic output, with $143.3 million 
in direct economic output, and $138 million in indirect output. 
Assumptions 
• Total Employment at the end of 10 Years: 50 jobs
• Total Payroll at the end of 10 Years: $45 million 
• Total Square Feet of Property: 112,721 square feet by Year 1 (based on similar floor-to-
area ratio as current site)
• Total Real Property Improvement Investment: $60 million
• Total Personal Property Investment: $100 million
10-Year Economic Impact to Maricopa County
Impact
Jobs
Personal Income
Economic Output
Revenues
Direct
50
$45,000,000 
$143,360,240 
$1,110,540 
Indirect
68
$46,885,260 
$137,926,830 
$300,480 
Total
118
$91,885,250 
$281,287,070 
$1,411,020 
IMPACT ANALYSIS
2

Direct Revenue and Economic Impact
Year
Jobs
Personal Income
Output
Revenues
2026
50
$4,500,000 
$14,336,024 
$388,254 
2027
50
$4,500,000 
$14,336,024 
$80,254 
2028
50
$4,500,000 
$14,336,024 
$80,254 
2029
50
$4,500,000 
$14,336,024 
$80,254 
2030
50
$4,500,000 
$14,336,024 
$80,254 
2031
50
$4,500,000 
$14,336,024 
$80,254 
2032
50
$4,500,000 
$14,336,024 
$80,254 
2033
50
$4,500,000 
$14,336,024 
$80,254 
2034
50
$4,500,000 
$14,336,024 
$80,254 
2035
50
$4,500,000 
$14,336,024 
$80,254 
Total
50
$45,000,000 
$143,360,240 
$1,110,540 
Year
Jobs
Personal Income
Output
Revenues
2026
68
$4,688,526 
$13,792,683 
$30,048 
2027
68
$4,688,526 
$13,792,683 
$30,048 
2028
68
$4,688,526 
$13,792,683 
$30,048 
2029
68
$4,688,526 
$13,792,683 
$30,048 
2030
68
$4,688,526 
$13,792,683 
$30,048 
2031
68
$4,688,526 
$13,792,683 
$30,048 
2032
68
$4,688,526 
$13,792,683 
$30,048 
2033
68
$4,688,526 
$13,792,683 
$30,048 
2034
68
$4,688,526 
$13,792,683 
$30,048 
2035
68
$4,688,526 
$13,792,683 
$30,048 
Total
68
$46,885,260 
$137,926,830 
$300,480 
Year
Jobs
Personal Income
Output
Revenues
2026
118
$9,188,525 
$28,128,707 
$418,302 
2027
118
$9,188,525 
$28,128,707 
$110,302 
2028
118
$9,188,525 
$28,128,707 
$110,302 
2029
118
$9,188,525 
$28,128,707 
$110,302 
2030
118
$9,188,525 
$28,128,707 
$110,302 
2031
118
$9,188,525 
$28,128,707 
$110,302 
2032
118
$9,188,525 
$28,128,707 
$110,302 
2033
118
$9,188,525 
$28,128,707 
$110,302 
2034
118
$9,188,525 
$28,128,707 
$110,302 
2035
118
$9,188,525 
$28,128,707 
$110,302 
Total
118
$91,885,250 
$281,287,070 
$1,411,020 
Indirect Revenue and Economic Impact
Total Revenue and Economic Impact
3
IMPACT ANALYSIS

Property Tax Analysis
IMPACT ANALYSIS
4
Year
Property Taxes
Total
Business
Residential
2026
$44,920 
$42,284 
$2,636 
2027
$44,920 
$42,284 
$2,636 
2028
$44,920 
$42,284 
$2,636 
2029
$44,920 
$42,284 
$2,636 
2030
$44,920 
$42,284 
$2,636 
2031
$44,920 
$42,284 
$2,636 
2032
$44,920 
$42,284 
$2,636 
2033
$44,920 
$42,284 
$2,636 
2034
$44,920 
$42,284 
$2,636 
2035
$44,920 
$42,284 
$2,636 
Total 
$449,200 
$422,840 
$26,360

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