AMKOR TECHNOLOGY IMPACT ANALYSIS_MARICOPA COUNTY.PDF

OCTOBER 2024
Amkor 
Technology 
Impact Analysis
602.256.7700 /// gpec.org

Impact Analysis
Overview
Below is an analysis of Amkor Technology’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, Amkor Technology will generate an estimated $5.8 million in 
direct tax revenues and an additional $1.7 million in indirect tax revenues for a total of $7.5 million in 
tax revenue to Maricopa County over a 10-year period. 
In 10 years this company will directly create an estimated $491.7 million of personal income, plus an 
additional $491.7 million in indirect personal income for a total of $983.4 million. Over a 10-year period 
Amkor Technology will create $3.5 billion in economic output, with $1.8 billion in direct economic 
output, and $1.6 billion in indirect output. 
Assumptions 
• Total Employment at the end of 10 Years: 1,300 jobs
• Annual Payroll at the end of 10 Years: $78 million 
• Total Square Feet of Property: 980,000 square feet by Year 1
• Total Real Property Improvement Investment: $300 million
• Total Personal Property Investment: $1.2 billion
10-Year Economic Impact to Maricopa County
Impact
Jobs
Personal Income
Economic Output
Revenues
Direct
1,300
$491,700,000 
$1,843,041,907 
$5,842,091 
Indirect
1,283
$491,720,229 
$1,644,151,706 
$1,687,798 
Total
2,583
$983,420,229 
$3,487,193,615 
$7,529,890 
IMPACT ANALYSIS
2

Direct Revenue and Economic Impact
Year
Jobs
Personal Income
Output
Revenues
2024
0
$0 
$0 
$56,917 
2025
15
$900,000 
$3,373,475 
$481,642 
2026
77
$4,620,000 
$17,317,172 
$661,861 
2027
803
$48,180,000 
$180,593,368 
$907,777 
2028
950
$57,000,000 
$213,653,424 
$535,891 
2029
1,150
$69,000,000 
$258,633,092 
$603,027 
2030
1,300
$78,000,000 
$292,367,844 
$648,701 
2031
1,300
$78,000,000 
$292,367,844 
$648,701 
2032
1,300
$78,000,000 
$292,367,844 
$648,701 
2033
1,300
$78,000,000 
$292,367,844 
$648,873 
Total
1,300
$491,700,000 
$1,843,041,907 
$5,842,091 
Year
Jobs
Personal Income
Output
Revenues
2024
0
$0 
$0 
$0 
2025
15
$900,037 
$3,009,430 
$3,090 
2026
75
$4,620,190 
$15,448,405 
$15,859 
2027
792
$48,181,982 
$161,104,798 
$165,382 
2028
938
$57,002,345 
$190,597,209 
$195,657 
2029
1,135
$69,002,839 
$230,722,936 
$236,848 
2030
1,283
$78,003,209 
$260,817,232 
$267,741 
2031
1,283
$78,003,209 
$260,817,232 
$267,741 
2032
1,283
$78,003,209 
$260,817,232 
$267,741 
2033
1,283
$78,003,209 
$260,817,232 
$267,741 
Total
1,283
$491,720,229 
$1,644,151,706 
$1,687,798 
Year
Jobs
Personal Income
Output
Revenues
2024
0
$0 
$0 
$56,917 
2025
30
$1,800,037 
$6,382,905 
$484,733 
2026
152
$9,240,190 
$32,765,578 
$677,721 
2027
1,595
$96,361,982 
$341,698,166 
$1,073,159 
2028
1,888
$114,002,345 
$404,250,633 
$731,547 
2029
2,285
$138,002,839 
$489,356,029 
$839,875 
2030
2,583
$156,003,209 
$553,185,076 
$916,442 
2031
2,583
$156,003,209 
$553,185,076 
$916,442 
2032
2,583
$156,003,209 
$553,185,076 
$916,442 
2033
2,583
$156,003,209 
$553,185,076 
$916,613 
Total
2,583
$983,420,229 
$3,487,193,615 
$7,529,890 
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
2024
$35,200 
$35,170 
$0 
2025
$91,886 
$91,442 
$444 
2026
$164,063 
$161,782 
$2,281 
2027
$241,929 
$218,318 
$23,611 
2028
$253,139 
$225,352 
$27,787 
2029
$265,303 
$225,352 
$39,951 
2030
$269,747 
$225,352 
$44,395 
2031
$269,747 
$225,352 
$44,395 
2032
$269,747 
$225,352 
$44,395 
2033
$269,919 
$225,352 
$44,567 
Total
$2,130,680 
$1,858,824 
$271,826

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

Greater 
Phoenix
Greater 
Together
602.256.7700 /// gpec.org