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Ball Metal Impact Analysis August 2020 Impact Analysis Impact Analysis Overview Maricopa County has requested an analysis of Metal Ball’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, Metal Ball will generate an estimated $2.3 million in direct tax revenues and an additional $88,890 in indirect tax revenues for a total of $2.4 million in tax revenue to Maricopa County over a 10-year period. In 10 years this company will directly create an estimated $102.0 million of personal income, plus an additional $31.4 million in indirect personal income for a total of $133.4 million. Over a 10-year period Metal Ball will create $475.6 million in economic output, with $375.2 million in direct economic output, and $100.4 million in indirect output. Assumptions Total Employment at the end of 10 Years: 170 jobs Annual Payroll at the end of 10 Years: $10.2 million Total Square Feet of Property: 515,825 square feet by Year 1 Total Real Property Improvement Investment: $76.4 million Total Personal Property Investment: $234.3 million 10-Year Economic Impact to Maricopa County Impact Jobs Personal Income Economic Output Revenues Direct 170 $102,000,000 $375,242,660 $2,318,284 Indirect 63 $31,397,160 $100,363,650 $88,890 Total 233 $133,397,160 $475,606,310 $2,407,174 Impact Analysis Direct Revenue and Economic Impact Year Jobs Personal Income Output Revenues 2021 170 $10,200,000 $37,524,266 $928,414 2022 170 $10,200,000 $37,524,266 $158,847 2023 170 $10,200,000 $37,524,266 $175,555 2024 170 $10,200,000 $37,524,266 $185,959 2025 170 $10,200,000 $37,524,266 $185,729 2026 170 $10,200,000 $37,524,266 $177,950 2027 170 $10,200,000 $37,524,266 $156,874 2028 170 $10,200,000 $37,524,266 $135,798 2029 170 $10,200,000 $37,524,266 $114,722 2030 170 $10,200,000 $37,524,266 $98,436 Total 170 $102,000,000 $375,242,660 $2,318,284 Year Jobs Personal Income Output Revenues 2021 63 $3,139,716 $10,036,365 $8,889 2022 63 $3,139,716 $10,036,365 $8,889 2023 63 $3,139,716 $10,036,365 $8,889 2024 63 $3,139,716 $10,036,365 $8,889 2025 63 $3,139,716 $10,036,365 $8,889 2026 63 $3,139,716 $10,036,365 $8,889 2027 63 $3,139,716 $10,036,365 $8,889 2028 63 $3,139,716 $10,036,365 $8,889 2029 63 $3,139,716 $10,036,365 $8,889 2030 63 $3,139,716 $10,036,365 $8,889 Total 63 $31,397,160 $100,363,650 $88,890 Year Jobs Personal Income Output Revenues 2021 233 $13,339,716 $47,560,631 $937,303 2022 233 $13,339,716 $47,560,631 $167,736 2023 233 $13,339,716 $47,560,631 $184,444 2024 233 $13,339,716 $47,560,631 $194,848 2025 233 $13,339,716 $47,560,631 $194,618 2026 233 $13,339,716 $47,560,631 $186,839 2027 233 $13,339,716 $47,560,631 $165,763 2028 233 $13,339,716 $47,560,631 $144,687 2029 233 $13,339,716 $47,560,631 $123,611 2030 233 $13,339,716 $47,560,631 $107,325 Total 233 $133,397,160 $475,606,310 $2,407,174 Indirect Revenue and Economic Impact Total Revenue and Economic Impact Impact Analysis Year Property Taxes Total Company Personal 2021 $111,634 $105,115 $6,519 2022 $133,725 $127,207 $6,518 2023 $150,433 $143,914 $6,519 2024 $160,837 $154,318 $6,519 2025 $160,607 $154,088 $6,519 2026 $152,828 $146,309 $6,519 2027 $131,752 $125,233 $6,519 2028 $110,676 $104,157 $6,519 2029 $89,600 $83,081 $6,519 2030 $73,314 $66,795 $6,519 Total $1,275,406 $1,210,217 $65,189 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.