Sunday, August 10, 2008

Economic impacts of rock products in Arizona

In spite of a slumping housing market, the 2007 economic impact of the Arizona rock products industry reached an all-time record high of $5.8 billion in 2007 (including all multiplier effects) according to a recent study by the W.P. Carey School of Business at ASU for the Arizona Rock Products Association (ARPA).

The value of direct output, production and deliveries of the Arizona Rock Products industry was $2.8 billion in 2007

The rock products industry includes sand and gravel, crushed stone, ready-mix concrete, asphalt and concrete products, and cement.


DIRECT ECONOMIC IMPACTS OF THE ARIZONA

ROCK PRODUCTS INDUSTRY BY SOURCE: 2007

SOURCE

ECONOMIC ACTIVITY

PAYROLL

JOBS





Sand & Gravel / Crushed Stone

$713,000,000

$176,719,000

3,639

Ready-mix Concrete

$1,168,942,000

$224,797,000

4,618

Asphaltic/Concrete

Products

$657,007,000

$120,068,000

2,463

Cement

$276,236,000

$31,038,000

637

DIRECT IMPACTS

$2,815,185,000

$552,622,000

11,357


[Disclosure: ARPA is a corporate sponsor of the AZGS-managed "Explore Arizona" map and bookstore in Phoenix.]