An economic impact study quantitatively estimates the economic benefits a particular industry or corporate entity brings to the surrounding communities, regions, and markets.
Arizona State University Seidman Research Institute researchers use the most extensive range of economic modeling in the State of Arizona. They produce REMI, IMPLAN and CGE impact analyses at a national, state, county, or zip code level for single- and multi-year time horizons.
The IMPLAN model, an input-output model based on federal government data, was used to quantify the economic impact. Four types of economic impacts attributable to Plexus Worldwide – direct, indirect, induced, and distribution channel – were quantified:
Direct impact measures Plexus jobs, labor income, and gross domestic product (“GDP”).
Indirect impact measures the jobs, labor income, and GDP occurring throughout Plexus Worldwide’s operational supply chain.
Induced impact measures the jobs, labor income, and GDP resulting from household spending of labor income earned either directly or indirectly from Plexus spending.
Distribution channel impact measures the jobs, labor income and GDP attributable to the distribution of Plexus products.