An Assessment of the Forces Impacting Local Competitveness and the Role of the Amarillo Economic Development Corporation in Promoting Growth and Prosperity
The Amarillo EDC contracted with The Perryman Group, an expert in economic forecasting and analysis, to provide an economic impact analysis of the organization’s performance via a snapshot of companies in Amarillo that have relocated, expanded or embarked on a new business venture since its creation in 1990. READ THE FULL REPORT
The Bottom Line:
"The Perryman Group found that the total economic impact of projects facilitated by the Amarillo EDC since 2004 alone have resulted in annual gains of some $853 million in total spending, $388 million in output, and 4,473 jobs. Since its inception 20 years ago, it has aided in the location and expansion of projects which presently sustain $11.354 billion in yearly total spending and $4.466 billion in gross product. The area has also benefited from almost 50,000 permanent jobs and an annual flow of local government revenues in excess of $113.5 million."
M. Ray Perryman, PhD, President
The Perryman Group