Greater Sacramento Economic Council (GSEC) has conducted an Economic Impact Analysis of Alchemist Public Market, evaluating the impact of both the construction phase and of annual operations once open. We are grateful for their expert assistance and invite you to download the report here.
“Construction phase construction activity and one-time pre-operations phase purchases will generate one-time employment, income, and output impacts. Using the inputs provided by Alchemist CDC, it is estimated that 91 total jobs will be created (47 direct including the 28.6 full-time equivalents from construction, 16 indirect or supplier jobs, and 28 induced or consumer jobs). The jobs will generate over $9.9 million in income and $25.0 million in one-time income and output in the region.”
“Alchemist Public Market will generate recurring annual economic activity across multiple revenue centers and programs. Using midpoints for ranges of anticipated revenues and job creation and assuming 50 food entrepreneurs by year five, the operations are anticipated to have an annual impact that generates 88 direct jobs, 8 indirect or supplier jobs, and 8 induced or supplier jobs and will result in nearly $2.4 million in income and $8.4 million in output generated annually. Over 10 years, the 104 direct, indirect, and induced jobs will generate $12.2 million in income in region and $42.1 million in output.”