LETTER OF SUPPORT FOR MAB FINAL 05072020.DOCX
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FOREIGN TRADE ZONE REQUEST FOR NON-OBJECTION MARK ANTHONY BREWING INC Greater Maricopa Foreign Trade Zone, Inc. No. 277 Generally located at 9601 N. Reems Rd., Waddell, AZ 85355 within parcel 501-42-001E and is owned by Mark Anthony Brewing Inc. Summary from the owner’s representative Mark Anthony Brewing Inc. will use this location as a bottling facility that will mix and blend beverages in advance of filling containers for packaging and distribution. No brewing will occur within the activated Foreign Trade Zone (FTZ) as dictated in Tax and Trade Bureau Regulations. Mark Anthony Brewing Inc. plans on investing approximately $300 million for land, building and equipment at this site. It is estimated that approximately $100 million will be for the land and building and approximately $200 million for equipment at the facility. They plan on hiring 200 positions by December 31, 2020 and will increase to approximately 250 within the next five to ten years with an average wage of $42,614 per year. Status of Taxing Jurisdiction Concurrence Letters Received Concurrence Letters o City of Glendale o Dysart Unified School District o West-MEC o Maricopa Community Colleges o Electrical District Number Seven o McMicken Irrigation District o Central AZ Water Conservation District (CAP) Status Pending o Maricopa County Special Health Care District (a.k.a. Valleywise Health) Fiscal and Economic Impact Economic Impact estimates are provided by GPEC. Mark Anthony Brewing Inc. will add approximately 200 full-time employees Estimated $2.9 million in direct tax revenues and $468,320 in indirect tax revenues for a total of $3.4 million in tax revenue to Maricopa County over the next ten years Estimated $85.2 million in direct personal income and $85.7 million in indirect personal income for a total of $171 million Estimated $745.6 million in direct economic output and $329.6 million in indirect economic output for a total of $1.1 billion. Property Tax Impact Property taxes collected for the parcel currently is approximately $1,225, annually for Maricopa County’s portion. When the project is completed, property taxes will grow to approximately $131,609 annually for Maricopa County’s portion. The taxes assume FTZ designation.