GPEC - SUNLIT IMPACT ANALYSIS_MARICOPA COUNTY_REVISED 1.19.22.PDF

Sunlit
Impact 
Analysis
January 2022

Impact Analysis
Impact Analysis
Overview
City of Phoenix has requested an analysis of Sunlit’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, Sunlit will generate an estimated $418,146 in 
direct tax revenues and an additional $16,320 in indirect tax revenues for a total of $434,466 
in tax revenue to Maricopa County over a 10-year period. 
In 10 years this company will directly create an estimated $12.3 million of personal income, 
plus an additional $5.8 million in indirect personal income for a total of $18.1 million. Over a 
10-year period Sunlit will create $127.9 million in economic output, with $103.7 million in 
direct economic output, and $24.2 million in indirect output. 
Assumptions
Total Employment at the end of 10 Years: 25 jobs
Annual Payroll at the end of 10 Years: $1.2 million 
Total Square Feet of Property: 65,000 square feet by Year 1
Total Land Investment: $3.0 million
Total Real Property Improvement Investment: $14.93 million
Total Personal Property Investment: $26.26 million
Project will receive FTZ
10-Year Economic Impact to Maricopa County
Impact
Jobs
Personal Income
Economic Output
Revenues
Direct
25
$12,300,000 
$103,703,810 
$418,146 
Indirect
11
$5,759,930 
$24,153,740 
$16,320 
Total
36
$18,059,930 
$127,857,550 
$434,466

Impact Analysis
Direct Revenue and Economic Impact
Year
Jobs
Personal Income
Output
Revenues
2020
25
$1,230,000 
$10,370,381 
$183,914 
2021
25
$1,230,000 
$10,370,381 
$26,292 
2022
25
$1,230,000 
$10,370,381 
$28,184 
2023
25
$1,230,000 
$10,370,381 
$29,595 
2024
25
$1,230,000 
$10,370,381 
$29,761 
2025
25
$1,230,000 
$10,370,381 
$28,697 
2026
25
$1,230,000 
$10,370,381 
$26,335 
2027
25
$1,230,000 
$10,370,381 
$23,973 
2028
25
$1,230,000 
$10,370,381 
$21,610 
2029
25
$1,230,000 
$10,370,381 
$19,785 
Total
25
$12,300,000 
$103,703,810 
$418,146 
Year
Jobs
Personal Income
Output
Revenues
2020
11
$575,993 
$2,415,374 
$1,632 
2021
11
$575,993 
$2,415,374 
$1,632 
2022
11
$575,993 
$2,415,374 
$1,632 
2023
11
$575,993 
$2,415,374 
$1,632 
2024
11
$575,993 
$2,415,374 
$1,632 
2025
11
$575,993 
$2,415,374 
$1,632 
2026
11
$575,993 
$2,415,374 
$1,632 
2027
11
$575,993 
$2,415,374 
$1,632 
2028
11
$575,993 
$2,415,374 
$1,632 
2029
11
$575,993 
$2,415,374 
$1,632 
Total
11
$5,759,930 
$24,153,740 
$16,320 
Year
Jobs
Personal Income
Output
Revenues
2020
36
$1,805,993 
$12,785,755 
$185,546 
2021
36
$1,805,993 
$12,785,755 
$27,924 
2022
36
$1,805,993 
$12,785,755 
$29,816 
2023
36
$1,805,993 
$12,785,755 
$31,227 
2024
36
$1,805,993 
$12,785,755 
$31,393 
2025
36
$1,805,993 
$12,785,755 
$30,329 
2026
36
$1,805,993 
$12,785,755 
$27,967 
2027
36
$1,805,993 
$12,785,755 
$25,605 
2028
36
$1,805,993 
$12,785,755 
$23,242 
2029
36
$1,805,993 
$12,785,755 
$21,417 
Total
36
$18,059,930 
$127,857,550 
$434,466 
Indirect Revenue and Economic Impact
Total Revenue and Economic Impact

Impact Analysis
Year
Property Taxes
Total
Company
Residential
2022
$20,368 
$19,336 
$1,032 
2023
$22,580 
$21,548 
$1,032 
2024
$24,472 
$23,440 
$1,032 
2025
$25,883 
$24,851 
$1,032 
2026
$26,049 
$25,017 
$1,032 
2027
$24,985 
$23,954 
$1,031 
2028
$22,623 
$21,591 
$1,032 
2029
$20,261 
$19,229 
$1,032 
2030
$17,898 
$16,866 
$1,032 
2031
$16,073 
$15,041 
$1,032 
Total
$221,192
$210,873 
$10,319 
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.