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Secondary Economic Impacts <br />Commercial developments directly benefit municipalities through payment of fees, taxes, license <br />fees and charges. There are also other, less easily defined economic impacts. Commercial office <br />space houses employees who earn salaries, for example. Using accepted formulas, those impacts <br />can be estimated, based on the square footage of a building. <br />For example, on average each employee requires about 250 square feet of workspace. Using a <br />100,000 square foot building as an example, then, it can be estimated that 400 persons would be <br />employed there. Those 400 employees, earning the local average $50,000 annual wage for an <br />office worker, would generate $20,000,000 in payroll each year. <br />❑ Annual Employee <br />Payroll in $Millions <br />75,000 100,000 250,000 450,000 <br />s.f. s.f. s.f. s.f. <br />Those 400 employees work will also help create 750 jobs in the Los Angeles County area. Those <br />employees will also impact the regional economy. Using commonly accepted multipliers, it can <br />be estimated that countywide, 750 employees whose jobs result from the work of the 400 people <br />employed in the Pasadena project would earn $26,250,000 annually. <br />75,000 100,000 250,000 450,000 <br />s.f. s.f. s.f. s.f. <br />23 <br />M <br />al Regionaloyee Payroll in <br />ons <br />