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CORRESPONDENCE - 75D
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CORRESPONDENCE - 75D
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5/12/2020 3:16:37 PM
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11/13/2019 5:37:16 PM
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City Clerk
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Agenda Packet
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11/19/2019
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Those same 400 employees would generate products and services with a value of $50,000,000. <br />❑ Annual Onsite <br />Employee Output in <br />$Millions <br />75,000 100,000 250,000 45u,uuu <br />s.f. s.f. s.f. s.f. <br />Each local employee has an impact on the regional economy and is responsible for economic <br />activity beyond Pasadena. Using standard multipliers, it can be estimated the regional employees <br />would contribute $92,500,000 in good and services output to the economy. <br />r$M <br />nual Regional <br />ployee Output inillions <br />75,000 100,000 250,000 45u,uuu <br />s.f. s.f. s.f. s.f. <br />Employee spending would generate significant local commerce. A 100,000 square foot office <br />building, using half of the $110 amount calculated by the International Council of Shopping <br />Centers in 2004 as average weekly office employee spending, could contribute $792,000. <br />75,000 100,000 250,000 450,000 <br />s.f. s.f. s.f. s.f. <br />rEmployee <br />nnual Estiamted <br />Spending <br />$1000s <br />24 <br />
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