GPEC - PROJECT RAVEN IMPACT ANALYSIS_MARICOPA COUNTY.PDF

Project 
Raven
Impact 
Analysis
January 2022

Impact Analysis
Impact Analysis
Overview
Maricopa County has requested an analysis of Project Raven’s impact over the next 10 years 
to demonstrate the economic value the company will generate in the county.
Based on the assumptions outlined below, Project Raven will generate an estimated $3.4 
million in direct tax revenues and an additional $359,462 in indirect tax revenues for a total 
of $3.8 million in tax revenue to Maricopa County over a 10-year period. 
In 10 years this company will directly create an estimated $136.7 million of personal income, 
plus an additional $84.1 million in indirect personal income for a total of $220.8 million. 
Over a 10-year period Project Raven will create $1.4 billion in economic output, with $1.0 
billion in direct economic output, and $376.1 million in indirect output. 
Assumptions
Total Employment at the end of 10 Years: 200 jobs
Annual Payroll at the end of 10 Years: $16.2 million 
Total Square Feet of Property: 625,000 square feet by Year 1
Total Land Investment: $38.0 million
Total Real Property Improvement Investment: $222.0 million
Total Personal Property Investment: $136.0 million
Project will receive FTZ
10-Year Economic Impact to Maricopa County
Impact
Jobs
Personal Income
Economic Output
Revenues
Direct
200
$136,735,000 
$1,022,202,608 
$3,427,602 
Indirect
280
$84,125,617 
$376,077,975 
$359,462 
Total
480
$220,860,617 
$1,398,280,583 
$3,787,064

Impact Analysis
Direct Revenue and Economic Impact
Year
Jobs
Personal Income
Output
Revenues
2022
19
$1,680,000 
$12,559,333 
$657,642 
2023
155
$9,815,000 
$73,374,912 
$680,985 
2024
200
$12,155,000 
$90,868,269 
$347,716 
2025
200
$16,155,000 
$120,771,442 
$255,400 
2026
200
$16,155,000 
$120,771,442 
$260,665 
2027
200
$16,155,000 
$120,771,442 
$261,406 
2028
200
$16,155,000 
$120,771,442 
$256,046 
2029
200
$16,155,000 
$120,771,442 
$246,579 
2030
200
$16,155,000 
$120,771,442 
$235,778 
2031
200
$16,155,000 
$120,771,442 
$225,384 
Total
200
$136,735,000 
$1,022,202,608 
$3,427,602 
Year
Jobs
Personal Income
Output
Revenues
2022
29
$1,033,613 
$4,620,697 
$4,416 
2023
170
$6,038,636 
$26,995,321 
$25,802 
2024
211
$7,478,310 
$33,431,293 
$31,954 
2025
280
$9,939,294 
$44,432,952 
$42,470 
2026
280
$9,939,294 
$44,432,952 
$42,470 
2027
280
$9,939,294 
$44,432,952 
$42,470 
2028
280
$9,939,294 
$44,432,952 
$42,470 
2029
280
$9,939,294 
$44,432,952 
$42,470 
2030
280
$9,939,294 
$44,432,952 
$42,470 
2031
280
$9,939,294 
$44,432,952 
$42,470 
Total
280
$84,125,617 
$376,077,975 
$359,462 
Year
Jobs
Personal Income
Output
Revenues
2022
48
$2,713,613 
$17,180,030 
$662,058 
2023
325
$15,853,636 
$100,370,233 
$706,787 
2024
411
$19,633,310 
$124,299,562 
$379,670 
2025
480
$26,094,294 
$165,204,394 
$297,870 
2026
480
$26,094,294 
$165,204,394 
$303,135 
2027
480
$26,094,294 
$165,204,394 
$303,876 
2028
480
$26,094,294 
$165,204,394 
$298,516 
2029
480
$26,094,294 
$165,204,394 
$289,049 
2030
480
$26,094,294 
$165,204,394 
$278,248 
2031
480
$26,094,294 
$165,204,394 
$267,854 
Total
480
$220,860,617 
$1,398,280,583 
$3,787,064 
Indirect Revenue and Economic Impact
Total Revenue and Economic Impact

Impact Analysis
Year
Property Taxes
Total
Company
Residential
2022
$107,700
$106,915
$785
2023
$188,857
$182,460
$6,397
2024
$215,679
$207,424
$8,255
2025
$224,163
$215,908
$8,255
2026
$229,428
$221,173
$8,255
2027
$230,169
$221,914
$8,255
2028
$224,809
$216,554
$8,255
2029
$215,342
$207,087
$8,255
2030
$204,541
$196,286
$8,255
2031
$194,147
$185,892
$8,255
Total
$2,034,836
$1,961,614
$73,222
Property Tax Analysis

Impact Analysis
Impact Analysis
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.