ECONOMIC IMPACT OF BUFFALO CANNABIS CAMPUS Annual Economic Impact of Projects
1,250
Total new earnings
permanent jobs supported
On-site jobs
Indirect jobs
570
680
Impact from operations of
$71.3 MILLION
Factory Lab
Research
Corporate Office
Incubator
Annual Tax Revenue Erie County
$592,478 $4,941,494
First 10 Years
New York State
Sales Tax
Sales Tax
Property Tax Cannabis Tax*
$7,379,658 Cannabis Tax*
Construction Impact
1,769 jobs
Community Benefits
$3 MLN
$116.2
million earnings
$6.9MLN $6.0MLN for New York State
UPFRONT
And 1% of net revenues to local community and philanthropic organizations.
TAX REVENUE for Erie County
$10,000,000
*Pending legislation in New York State.
Thereafter
$1,000,000
$641,479
Prepared for:
March 2019
Prepared by: Camoin Associates, Inc. 120 West Avenue, Suite 303 Saratoga Springs, NY 12866 518.899.2608 www.camoinassociates.com