The economic impact figures for the project are based upon the Daphne Innovation & Science Complex: Economic Impact of Development report developed in March, 2015 by Dr. Semoon Chang, director of the Gulf Coast Center for Impact Studies®.
Project Impact
461,000 sf of Class A office space
1,521 permanent jobs
$96,720,390 in annual wages
$207,450 new Daphne property tax
$414,900 new Baldwin County property tax
Short-Term Impact
(during construction)
$2.971 million in tax revenue
$46.8 million construction wages
$40.8 million overall spending
$207,450 new Daphne property tax
$16.3 million spending in daphne
1,263 jobs
Overall Economic Impact
$545,715
taxes generated for Daphne from annual spending (sales & property)
$9.7 M
taxes generated from annual spending
$53.4 M
annual retail sales from operations in Daphne
$133.7 M
annual retail sales from operations
$138 M
anticipated annual spending from businesses in the complex