INDEPENDENCE, Mo., Sept. 12, 2016 /PRNewswire/ -- Republic
Services, Inc. (NYSE: RSG) announced today the results of a study
of its annual economic impact in the state of Missouri. The study measures the direct and
indirect economic impact of the Company's subsidiaries and
operations statewide in 2015, including tax revenues, payroll
expenditures and supplier purchases, as well as multiplier effects
when income is reinvested into the local economy.
"Our impact in Missouri goes
far beyond recycling and waste solutions," said Jeff Kintzle, area president of Republic
Services. "Whether it is job creation, tax revenues or community
contributions, Republic has a
sizeable impact on the economy and quality of life across the
state. We are proud to do our part by investing in Missouri's vibrant future."
Republic maintains operating
divisions in 26 Missouri cities and towns, including the
metropolitan areas of St. Louis,
Kansas City and Springfield. These divisions serve more than
125 municipalities across Missouri. Republic and its subsidiaries employ over
1,100 people, and operate more than 400 collection trucks, 10
landfills, nine transfer stations, two landfill gas-to-energy
projects, and two recycling centers statewide.
"Republic Services is an industry leader, and their continued
growth in Missouri is bringing new
benefits to many communities across our state," said Daniel P. Mehan, president and chief executive
officer of the Missouri Chamber of
Commerce and Industry. "As Republic Services grows and invests
here, more good jobs are being created in Missouri, and we can feel reassured that our
waste is being handled by a cutting edge, community-focused
business."
Republic's economic impact in
Missouri includes:
- 2,800 direct and indirect jobs; 1.44 jobs created for every
full-time employee
- $52,200 average salary, which is
113% of the statewide average
- $187 million in total Gross State
Product (economic impact)
- $140 million in total labor
income impact (payroll)
- $21 million in total annual tax
revenue impact
- $97 million in direct
purchases
Nationwide, Republic's gross
domestic product impact is estimated at $9.5
billion annually. This includes creating 106,500 direct and
indirect jobs, and generating more than $1.4
billion in annual tax revenues for local, state and federal
governments.
The economic impact study was conducted by Arizona State University's W.P. Carey School of Business, through the L.
William Seidman Research Institute. The independent research team
used an IMPLAN input-output model to estimate statewide multiplier
effects, based upon data provided by Republic and other publicly available
resources.
To view the full economic impact of Republic in the state of Missouri, go to
https://www.facebook.com/RepublicServices/.
About Republic Services
Republic Services, Inc. is an industry leader in U.S. recycling and
non-hazardous solid waste. Through its subsidiaries, Republic's collection companies, recycling
centers, transfer stations and landfills focus on providing
effective solutions to make proper waste disposal effortless for
its 14 million customers. We'll handle it from
here.TM, the brand's promise, lets customers know
they can count on Republic to
provide a superior experience while fostering a sustainable Blue
PlanetTM for future generations to enjoy a cleaner,
safer and healthier world.
For more information, visit the Republic Services website at
RepublicServices.com. "Like" Republic on Facebook at
www.facebook.com/RepublicServices and follow on Twitter
@RepublicService.
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SOURCE Republic Services, Inc.