GWEDC 2009 Goals
 • Facilitate Creation or Retention of 1,500 Jobs
 • Pay Comparable to 2009 Wichita Metro Area Average ($39,529)
 • Implies $59.3 Million Aggregate Annual Payroll
 • $75 Million Capital Investment
 • Promote Economic Diversification
 • Positive Return on Public Investment

GWEDC 2009 Results
 Jobs
GWEDC facilitated creation or retention of 697 jobs via 9 projects with 9 different companies
– or 46% of the annual 1,500 job goal.
• 118 jobs recruited (17% of total)
• 324 jobs retained – avoided job elimination or loss to another region (46%)
• 255 jobs via expansions of existing local companies (37%)

 Average Pay and Aggregate Annual Payroll
• Average pay $54,147 – or 137% of Wichita 2009 metro average ($39,529)
• Projected annual payroll $37.7 million – or 64% of 2009’s $59.3 million goal

 Capital Investment
• Projected at $47.8 million – or 64% of annual $75 million goal

 Job Activity Diversification
• 385 jobs (55%) aerospace-related manufacturing
• 45 jobs (7%) non-aerospace manufacturing
• 267 jobs (38%) outside of manufacturing entirely

 Return on Public Investment
CEDBR at WSU computed net present value of 10-year public benefits of these 9 projects
versus public costs, including local incentives cost and investment in GWEDC:
• Public benefits: $5,445,556
• Public costs: $3,205,783
• Net public benefits: $2,239,773

For every dollar of local public money used to fund GWEDC, including local incentives
for GWEDC projects, GWEDC returned $1.70 in public benefits.

Return on public investment (ROI): 69.9%

Note: Project statistics reflect company projections at time of announcement.

GWEDC 2009 Results (2-25-10)