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FY2025 MAP Broward Annual Report

Page 19

projected economic impact from 125 awarded projects 125

Projects Awarded

Direct Impact 3,453

jobs created directly from awarded projects

$643.5M

expected to be paid to awarded vendors

$372.2M

$258.5M paid in wages to employees on awarded projects + additional wages & taxes

$271.3M

49%

Average CBE Goal attained on completed projects

71%

of completed projects exceeded the CBE Goal

Total Economic Impact

Direct Impact + Indirect & Induced Impact

spent by awarded vendor on material/ services & vendor profit

$980.4M *estimates

Indirect & Induced Impact

$643.5M expected to be paid to awarded vendors + $336.9M Indirect & Induced Impact, calculated using the IMPLAN system Additional

$336.9M

generated due to all other spending by material/service providers and employees

Additional

1,759

jobs created due to all other spending

5,212 Jobs 18


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FY2025 MAP Broward Annual Report by MAP Broward - Issuu