COMMUNITY BENEFIT REPORT TEMPE_FY26 (1).PDF
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in new consumer spending generated by new Tempe jobs and employed Tempe residents. $307.5M $29.9M in new Tempe direct revenues 2,793 new jobs for Tempe residents from region-wide locates FY26 FY25 5-Year Total Payroll Generated ($M) $409.23 $572.02 $2,690.3 Jobs 6,295 7,206 39,522 Hi-Wage Jobs 2,602 4,983 21,339 Average Salary $65,009 $79,381 $68,070 Qualified Prospects 226 264 1,268 Assisted Locates 37 54 232 Capital Investment ($M) $2,163.77 $7,208.72 $45,278.3 City of Tempe Community Benefits Report Revenue Return Funding Request for FY27 Funding Request for FY26 AZ Office of Economic Opportunity 2025 Population AZ Office of Economic Opportunity 2024 Population (5-Yr Trend) 65:1 $94,677 $95,982 Tempe Locates: Tempe Investment Results Through Regional Success Footnotes Return on Investment 1 Includes property, sales and utility taxes, as well as state-shared and other local revenues. Estimates are from the Greater Phoenix Consensus Impact Model. In 1999, GPEC and our members developed the region’s first-ever consensus-based revenue and economic impact model. Based on nationally accepted multiplier data provided by IMPLAN, the model is customized to calculate economic and revenue benefits for GPEC’s members and the State of Arizona. 2 GPEC Assists includes company expansions and relocations that receive GPEC assistance but may not meet the guidelines to be considered a GPEC locate. $65 of direct revenue for every $1 invested 1 GPEC has assisted 232 locates in Greater Phoenix in the last five years, including 29 in Tempe, creating 3,777 jobs and $229.9 million in capital investment. Tempe has also had 8 GPEC Assists in the last five years. 2 Engagement Opportunity Tempe Involvement Executive Committee James McCain GPEC Board of Directors Corey Woods James McCain Economic Development Directors Team (EDDT) Lisa Hausz Josh Rutherford Taylor Moran Madalaine McConville The Greater Phoenix Economic Council (GPEC), globally recognized as a top economic development organization (EDO), works to attract and grow quality businesses and advocate for the competitiveness of Greater Phoenix. A data-driven regional EDO, GPEC works with 22 member communities, Maricopa and Pinal counties, and more than 220 private investors to accomplish its mission and serve as a strategic partner to companies across the world as they expand or relocate to Greater Phoenix. Responded to 25 etracks Attended 3 Ambassador events Tempe has the opportunity to: Attend conference/sales missions with GPEC Participate in presentations to delegations/site selectors Submit research requests Leadership is critical to ensuring the success of your community, GPEC and the region’s economic vitality. GPEC offers Tempe access to the following unique tools and expertise: Comprehensive demographic, labor, and targeted industry information Moody’s Real Estate database MetroComp operating cost-comparison software for 50 markets Greater Phoenix Consensus Impact Model Analysis Workforce and Talent scorecards Venture Capital funding alerts Business scoops to assist in community BRE outreach Customized research requests Webpage on GPEC’s site linking to economic tools on Tempe’s website Community spotlights in GPEC’s newsletters and social media Access to the Ambassador program which provides networking and learning opportunities Support for community initiatives About GPEC FY26 Community Partnership Community Leadership Competitive Intelligence GPEC FY26-28 Strategic Plan 3,035 32 605 86 30 Companies reached through marketing automation Market Intelligence Scoops Total engagement on posts Etracks sent Community social media posts Greater Phoenix will be the leading market for driving high-value investments and growth for local, national and international businesses while eyeing future industries that enable all residents to benefit and prosper. The FY26-28 strategic plan will drive to that outcome through three overarching goals: Build an internationally recognizable regional brand Drive regional progress through strategic, future- focused infrastructure, policy and investment Leverage organizational networks to deepen key relationships, expand our reach, sharpen our value proposition and strengthen long-term sustainability in Greater Phoenix