PG 4.0 Campaign Booklet 7-22

16 PG 4.0 (2022 - 2026) PROJECTED ECONOMIC IMPACT THE PARTNERSHIP GWINNETT 2022-2026 ECONOMIC DEVELOPMENT STRATEGYWILL PRODUCE THE FOLLOWING OUTCOMES: Increase employment by 17,118 new jobs : 10,000 “direct” jobs in target industries 4,719 “indirect” (supplier-type) jobs 2,399 “induced” (service sector) jobs $1.016 Billion in new income / payroll earnings $619Million in new disposable personal income—to be spent inside and outside Gwinnett County $521 million in new personal consumption expenditures $458.6million in new personal bank deposits per year $1.833 billion in potential commercial investment For every 1 direct job created by Partnership Gwinnett Strategy 4.0 workforce and industry expansion efforts, another 0.71 job will be created in the county’s economy. Every $1 earned from the new jobs is expected to generate an additional $0.45 in earnings . PROJECTED 2022–2026 DISTRIBUTION OF CONSUMER EXPENDITURES: Housing Transportation Healthcare Miscellaneous Entertainment Food & Accomodations Personal Insurance Apparel Personal Care Products Education $143,042,000 $82,070,800 $75,351,300 $67,737,700 $44,876,600 $43,724,800 $18,857,200 $18,772,300 $13,788,500 $13,720,800 Figures based on $521 million in new personal consumption expenditures.