The 515 Report released by City of Junction City contained information on significant economic contributions of major projects undertaken in Junction City over the past seven years. The data reflects investment, job creation, wage increases, and return on investment, demonstrating the positive impact on the local economy.
• Total Investment from Major Projects: $186,424,000
• Job Creation: 733 positions
• Annual New Payroll: $27,457,920 (calculated using an average wage of $18 per hour which is on the conservative side).
• Wage Growth: Over the last three years, wages for larger employers have increased by approximately 6.25%, benefiting all residents within the community.
• Return on Investment: The dollar-for-dollar return on investment to our partners during this period is $82.98 (meaning for every dollar of funding provided there has been returned an average of $82.98 every year for the past seven years).
Conclusion: The investments made over the last seven years have resulted in substantial economic benefits, including significant job creation, increased payroll, and a good return on investment for partners.