Commitments to Investors
• 8,000 jobs over five years – or 1,600 jobs per year; with aggregate average pay comparable to Wichita metro area average.
• $100 million in capital investment
• Diversification beyond aerospace manufacturing
• Positive return on investment (ROI) for the use of public money

Goals-To-Date (4.5 years into operation or 90% of 5-year timeline): 7,200 jobs at $37,503
($270,021,600 annual payroll.) Capital investment $90 million. So how have we done?

Quantity
GWEDC has facilitated creation or retention of 10,084 jobs via 52 projects by 49 companies.
At 90% of the 5-year timeline, GWEDC is at 126% of the 8,000 job goal. GWEDC has exceeded
the job recruitment, retention and expansion goal-to-date of 7,200 jobs by 40%.
• 2,989 recruited (30% of total)
• 2,850 retained – faced threat of losing to another region (28%)
• 4,245 via expansions of existing local companies (42%)

Quality
• Projected annual payroll $391 million – exceeding goal-to-date by 45%
• Average wage $38,762 – exceeding Wichita metro average of $37,503 by 3%

Capital Investment
• Projected at $615 million – exceeding entire 5-year $100 million goal by 515%

Diversification
• 2,712 jobs (27%) aerospace-related manufacturing
• 1,692 jobs (17%) non-aerospace manufacturing
• 5,680 jobs (56%) outside of manufacturing entirely

Return on Public Investment
CEDBR at WSU computed net present value of 10-year public benefits of these 52 projects
versus public costs, including local incentives cost and investment in GWEDC:
• Public benefits: $87.3 million
• Public costs: $36.5 million
• Net public benefits: $50.8 million

For every dollar of local public money used to fund GWEDC, including local incentives for GWEDC projects, GWEDC returned $2.39 in public benefits.

Return on public investment (ROI): 139.3%

GWEDC Mid-2008 Results (7-30-08)