LAS VEGAS, Jan. 26, 2017 /PRNewswire/ -- Republic Services,
Inc. (NYSE: RSG) announced today the results of a study of its
annual economic impact in the state of Nevada. 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 Nevada goes far
beyond recycling and waste solutions," said Tim Oudman, market vice president for Republic
Services. "Our people and operations afford us a tremendous
opportunity to help power every segment of commerce. We make a
sizeable imprint on the economy and quality of life across
Southern Nevada, and we are proud
to do our part by investing in Nevada's vibrant future."
Republic employs 1,300 people in the Southern Nevada area serving more than 535,000
local customers across the City of
Henderson, North Las Vegas,
Las Vegas, and Clark
County. Republic owns and operates a fleet of more than 430
collection trucks, including 153 trucks powered by Compressed
Natural Gas. In addition to the Southern Nevada Recycling Center -
North America's largest and
smartest residential recycling center - Republic operates two
transfer stations, one landfill and one natural gas fueling station
locally.
"Republic Services is a good community partner that has made a
strong, positive impact on job creation, our economy and the
environment," said Kristin McMillan,
president and CEO of the Las Vegas
Metro Chamber of Commerce, the leading business association in
Nevada. "Republic Services'
continued growth, investments and commitment to Nevada are bringing new benefits to many
communities across our state. Through good paying jobs, tax
revenues and community contributions, Republic Services is doing
its part to help Nevada move
forward."
According to the study, Republic's economic impact in
Nevada includes:
- 3,000 direct and indirect jobs; 1.35 jobs created
for every full-time employee
- $72,000 average salary,
which is 157% of the statewide average
- $230 million in total
Gross State Product (economic impact)
- $185 million in total
labor income impact (payroll)
- $23 million in total
annual tax revenue impact
- $81 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
Nevada, 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.™, the brand's promise, lets
customers know they can count on Republic to provide a superior
experience while fostering a sustainable Blue
Planet™ 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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/republic-services-announces-230-million-economic-impact-in-nevada-300397496.html
SOURCE Republic Services, Inc.