HEB Grocery: Texas Economic Impact

Highlights

~ $46 Billion Annual Economic Impact

164,605 Total Jobs Supported

Estimated Economic Impact Analysis

from Annual Revenue

Annual Revenue: $31,200,000,000
Final Demand Output Multiplier: 1.4830
Economic Impact of Annual Revenue: $46,269,600,000
Direct Jobs: 135,500
Texas Annual Average Wage - Industry Specific: $30,238
Wages Paid to Direct Jobs: $4,097,249,000
Direct Effect Employment Multiplier: 1.2148
Indirect Jobs Supported (Full-Time Equivalent): 29,105
Total Jobs Supported (Direct & Indirect): 164,605
Texas Annual Average Wage - All Industries: $50,490
Wages Paid to Indirect Jobs: $1,469,531,646
Total Wages Paid to Direct and Indirect Jobs: $5,566,780,646
Texas Average Sales Tax: 0.08
Indirect Sales Tax Generated from Spending: $445,342,452

Our Assumptions

We base this analysis summary off two key data points provided by ZoomInfo. Your estimated total annual revenue ($31,200,000,000) and the direct jobs (135,500) that are supported in the state of Texas. If these numbers are innacurate, contact us and we can update your report.

Our Methodology

Younger has invested over 30 years in economic development research refining our economic impact analysis model. We utilize local BEA data and tax data to quantify precise region specific results. Read more about each calculation and terms used within this report.