Space X's Economic Impact on McGregor, Texas

Highlights

~ $365 Million Annual Economic Impact

1,686 Total Jobs Supported

Estimated Economic Impact Analysis

from Annual Revenue

Annual Revenue: $174,255,972
Final Demand Output Multiplier: 2.0953
Economic Impact of Annual Revenue: $365,118,538
Direct Jobs: 500
Texas Annual Average Wage - Industry Specific: $131,053
Wages Paid to Direct Jobs: $65,526,500
Direct Effect Employment Multiplier: 3.3714
Indirect Jobs Supported (Full-Time Equivalent): 1,186
Total Jobs Supported (Direct & Indirect): 1,686
Texas Annual Average Wage - All Industries: $50,490
Wages Paid to Indirect Jobs: $59,865,993
Total Wages Paid to Direct and Indirect Jobs: $125,392,493
Texas Average Sales Tax: 0.08
Indirect Sales Tax Generated from Spending: $10,031,399

Our Assumptions

We base this analysis summary off two key data points provided by ZoomInfo. Your estimated total annual revenue ($174,255,972) and the direct jobs (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.

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Additional Sources:
Austin American Statesman
Texas Labor Market Information