J0006 Americas Bryan App

Texas Comptroller of Public Accounts
Form AP-243: Application for Taxable Value Limitation on Eligible Property

$PHULFD V)RXQGU\%U\DQ LLC

Application for Taxable Value Limitation on Eligible Property

(Government Code, Chapter 403, Subchapter T, Texas Jobs, Energy, Technology and Innovation Act)
FILING INSTRUCTIONS: This application must be completed and submitted to the Comptroller by the applicant or their representative.
The Comptroller will publish all submitted non-confidential application information on its website. The Comptroller is authorized to treat certain application
information as confidential and withhold it from publication. Any confidential information must be fully segregated and comply with all other requirements
stated in the Comptroller’s rules.
If necessary, the Comptroller may request additional materials from the applicant. CLEAR ALL FIELDS PRINT
SECTION 1: Applicant Information
1. Legal name of the applicant under which this application is made . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . America’s Foundry Bryan LLC
______________________________________
2. Applicant’s address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1198 S. Van Ness Avenue #40026, San Francisco, CA 94110
__________________________________________________________________
3. Texas Taxpayer I.D. number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32095222736

_______________________
4. NAICS code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 334413

_______________________
5. Applicant’s form of business (corporation, limited liability corporation, etc) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LLC

_______________________
6. Is the applicant current on all tax payments to the State of Texas? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ✔ Yes No
7. Provide parent company information (if applicable)
Substrate Inc.
________________________________________________________________ 38-4208208
______________________________________
Parent Company Name Parent Company Tax ID
1198 S. Van Ness Ave. #40026, San Francisco, CA 94110

______________________________________________________________________________________________________________
Parent Company Address
8. Authorized Company Representative
James
____________________________________________________ Proud
______________________________________________________
First Name Last Name
CEO
____________________________________________________ Substrate Inc.
______________________________________________________
Title Organization
1198 S. Van Ness Ave. #40026

______________________________________________________________________________________________________________
Mailing Address
San Francisco
____________________________________________________ CA
__________________________ 94110
_______________________
City State Zip
(415) 915-4554
____________________________________________________ legal@substrate.com
______________________________________________________
Phone Number Email Address
9. Additional Authorized Company Representative (if applicable)
____________________________________________________ ______________________________________________________
____________________________________________________ ______________________________________________________
Title Organization
______________________________________________________________________________________________________________
Mailing Address
____________________________________________________ __________________________ _______________________

City State Zip
____________________________________________________ ______________________________________________________
Page 1
The Data Analysis and Transparency Division at the Texas Comptroller of Public Accounts For more information, visit our website:
provides information and resources for taxpayers and local taxing entities. comptroller.texas.gov/economy/development/prop-tax/jeti/
AP-243 (Rev.4-24/2)

SECTION 1: Applicant Information (continued)

10. Authorized Company Consultant (if applicable)
Robert
____________________________________________________ Wood
______________________________________________________
Senior Advisor
______________________________________________________________________________________________________________
Title
McGuireWoods Consulting LLC

______________________________________________________________________________________________________________
Firm Name
(512) 743-6063
____________________________________________________ rwood@mwcllc.com
______________________________________________________
SECTION 2: School District Information

1. Authorized School District Representative
Ginger
____________________________________________________ Carrabine
______________________________________________________
Superintendent
______________________________________________________________________________________________________________
Title
Bryan Independent School District

______________________________________________________________________________________________________________
School District Name
(979) 209-1002
____________________________________________________ ginger.carrabine@bryanisd.org
______________________________________________________
2. Authorized School District Consultant (if applicable and known)
____________________________________________________ ______________________________________________________
______________________________________________________________________________________________________________
Title
______________________________________________________________________________________________________________
Firm Name
____________________________________________________ ______________________________________________________
SECTION 3: Fee
Provide a copy of the check or electronic transfer of the required application fee to the School District in Tab 1.
SECTION 4: Project Information

NOTE: Job and investment requirements for eligible projects located in more than one county are determined by the county with the smallest population.
1. In Tab 2, provide a detailed description of the proposed project. Include a legal description of the real property on which the proposed project will be located and
the address, if known.
2. The county or counties in which the proposed project will be located . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Brazos County
______________________________________
3. The minimum required investment, at the time of application . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000,000
_______________________
4. The Central Appraisal District (CAD) that will be responsible for appraising the property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Brazos CAD
_______________________
233,849
__________________________________
5. The population of the County (or Counties) per the Federal Decennial Census at the time of application . . . . . . .
______________________________________________________________________________________________________________
______________________________________________________________________________________________________________
______________________________________________________________________________________________________________
For more information, visit our website: comptroller.texas.gov/economy/development/prop-tax/jeti/ Page 2

AP-243 (Rev.4-24/2)

SECTION 4: Project Information (continued)
6. List all taxing entities that have jurisdiction for the property.
M&O (ISD): Bryan ISD, $0.679200, 100%

_______________________________________ I&S (ISD): Bryan ISD, $0.270000, 100%
__________________________________________
(Name, tax rate and percent of project) (Name, tax rate and percent of project)
County: Brazos, $0.409700, 100%

_________________________________________ City: Bryan, $0.6240, 100%
_____________________________________________
Hospital District: N/A

___________________________________ N/A
Water District: _______________________________________
Other (describe): N/A

___________________________________ Other (describe): N/A
_____________________________________
7. List all state and local incentives.
County: Brazos, Ch 312 abatement

_________________________________________ City: Bryan, Ch 312 abatement
_____________________________________________
(Incentive type, percentage, start and end year) (Incentive type, percentage, start and end year)
Hospital District: N/A

___________________________________ N/A
Water District: _______________________________________
Other (describe): See Tab 3

___________________________________ Other (describe): _____________________________________
8. List any grants or loans of public money this project is receiving or expects to receive in Tab 3.
9. If the project is not located entirely within the ISD listed in Section 2, provide maps of the entire project (depicting all other relevant school districts) and any other
relevent information in Tab 4. Only the eligible property within the ISD listed in Section 2 is eligible for the limitation from this application.
10. Indicate which zone the land on which proposed new construction or new improvements is located.
a. An area designated as a Reinvestment Zone under Tax Code Chapter 311 or 312 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ✔
b. An Enterprise Zone under Government Code Chapter 2303 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. A Qualified Opportunity Zone as designated by the Secretary of the United States Treasury . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ✔
d. Attach the applicable supporting documentation in Tab 4.
i. evidence that the area qualifies as an Enterprise Zone as defined by the Governor’s Office;
ii. order, resolution, or ordinance establishing the Reinvestment Zone; or
iii. evidence that the Qualified Opportunity Zone has been designated by the Secretary of the United States Treasury; and
iv. a high resolution map depicting the eligible property and project boundaries within the Reinvestment/Enterprise zone, any relevant
Opportunity Zones, along with the ISD and County boundaries.
A zone must be designated before the agreement is executed.
11. Did the Applicant consider locating the proposed project in a Qualified Opportunity Zone? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ✔ Yes No
SECTION 5: Eligible Property

1. In Tab 5, provide a detailed list and description of the eligible property for which you are requesting a limitation.
2. The property will be used for one of the following activities:
a. A Manufacturing Facility as classified in NAICS 311111-339999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ✔

b. Provision of Utility Services as classified in NAICS 221111-221118 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

AP-243 (Rev.4-24/2)

SECTION 5: Eligible Property (continued)
c. Development of Natural Resources defined as Agriculture, Forestry, Fishing and Hunting as classified in NAICS 111110-115310 . . . . . . . . . . . . . . . . .
d. Development of Natural Resources defined as Mining, Quarrying, and Oil and Gas Extraction as classified in NAICS 211120-213115 . . . . . . . . . . . . .
e. Research, Development, or Manufacture of high-tech equipment or technology as classified in NAICS 541713-541720 . . . . . . . . . . . . . . . . . . . . . . . . . .
f. Related to Critical Infrastructure as classified in:
i. NAICS 221310-221330 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ii. NAICS 424710 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
iii. NAICS 486110-486990 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Will any of the proposed required investment be leased under a capitalized lease? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes ✔ No
SECTION 6: Ineligible Property

1. Existing Property: In Tab 6, provide a high-resolution map that includes a specific and detailed description of all existing property. This includes buildings and
improvements existing as of the application complete date. The description must provide sufficient detail to distinguish existing property from future
proposed property.
2. Proposed new property that will not be eligible for this limitation: In Tab 6, provide a high-resolution map that includes a specific and detailed description
of all proposed new property within the project boundary that will not become new improvements. The description must provide sufficient information to
distinguish existing property from proposed new property that won’t be eligible for the limitation.
SECTION 7: Projected Timeline

NOTE: Construction must commence after the agreement is executed to qualify.
Q4 of 2024
1. Projected commencement of construction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________
2028
2. Projected completion of construction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________
2030
3. Projected commencement of commercial operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________
2030
4. First year of the incentive period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________
2039
5. Last year of the incentive period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________
SECTION 8: Job and Wage Requirements

NOTE: Applicants are required to offer and contribute to a group health plan for each employee employed in a full-time job in connection with the project.
1. Number of new required jobs applicant will create . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

____________
2. Wage NAICS code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 334413

____________
a. Indicate the NAICS level used (county, WDA or statewide) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . WDA

____________
Brazos Valley WDA
b. Texas Workforce Commission Quarterly Census of Employment and Wages Area. . . . . . . . . . . . . . . ______________________________________
Q1 Year 2023
__________ Wage $1,078
_________________
Q2 Year 2023
__________ Wage $1,087
_________________
Q3 Year 2023
__________ Wage $1,174
_________________
Q4 Year 2023
__________ Wage $1,629
_________________
c. Average Annual Wage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $64,584
____________
d. 110% of the Average Annual Wage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $71,042

____________

AP-243 (Rev.4-24/2)

SECTION 9: Limitation as Compelling Factor

1. In Tab 7, explain how the limitation is a compelling factor in a competitive site selection process. Provide information regarding potential project sites outside of
Texas and include incentive offers, permits obtained or any incentive programs applied to.
2. Has the applicant entered into any agreements, contracts or letters of intent related to this project? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ✔ Yes No
If Yes, provide details in Tab 7.
3. Has the applicant made any publicly available statements regarding the proposed project? (Include any alternate project names) . . . . . . . . . . . . . . Yes ✔ No
If Yes, attach statements and explain how the limitation is a compelling factor in Tab 7.
4. Has the applicant applied for or received any federal, state or local permits for activities at the proposed project site? . . . . . . . . . . . . . . . . . . . . . . . . . Yes ✔ No
If Yes, include a list of all permits and dates applied for and received in Tab 7.
SECTION 10: Economic Benefit Statement and Schedules

Tab 8 must include an Economic Benefit Statement along with schedules formatted in Excel.
The economic benefit statement must include the project’s associated economic benefits that, at minimum, consist of the following:
1. the impact on the gross revenues and employment levels of local businesses that provide goods or services in connection with the project or to an applicant’s
employees;
2. the amount of state and local taxes that will be generated as a result of the indirect economic impact of the project;
3. the development of complementary businesses or industries that locate in this state as a direct consequence of the project;
4. the total impact of the project on the gross domestic product of this state;
5. the total impact of the project on personal income in this state; and
6. the total impact of the project on state and local taxes.
SECTION 11: Section 403.606 Affidavit

In Tab 9, submit your Section 403.606 Sworn Affidavit.
SECTION 12: Authorized Signature

Authorized Company Representative (Applicant) Signature
I hereby certify and affirm that the applicant has fulfilled all application requirements under Chapter 403, Government Code, and the information provided herein
is true and correct to the best of my knowledge, under penalty of perjury. I also affirm that the applicant is in good standing under the laws of Texas and I am
authorized to file this application on behalf of the applicant.
James Proud
___________________________________________________________ CEO
________________________________________
Print Name (Authorized Company Representative (Applicant)) Title
___________________________________________________________ 06/14/24
________________________________________
Signature (Authorized Company Representative (Applicant)) Date
If you make a false statement on this application, you could be found guilty of a Class A misdemeanor or a state jail felony under Texas Penal Code
Section 37.10.
Click to Submit Form

AP-243 (Rev.4-24/2)
America's Foundry Bryan LLC
Tab 1 – Required Application Fee
Proof of payment of filing fee received by the
Comptroller of Public Accounts per TAC Rule
§9.1054 (b)(5)
(Page Inserted by Office of Texas Comptroller of

Public Accounts)
Tab 2 – Detailed Description of Proposed Project
Description of Proposed Project:

Project Factory One (PFO) is a first of its kind semiconductor manufacturing project.
PFO is a new construction project with a desired location on an undeveloped portion of the Texas A&M
RELLIS Education and Research campus in Bryan, Texas.
Legal description of real property:
The Texas A&M University System, an agency of higher education of the State of Texas, owns the land of the
Project Factory One site. The ownership includes all surface, ground, and mineral rights. The Project Factory One
site is within an approximately 288 acre parcel of land, more or less, said parcel being out of a 1,991.39 acre tract
of land, said tract being situated in the James Curtis, Jr. Survey, Abstract No. 12, the John Williams Survey,
Abstract No. 237, and the Thomas F. McKinney Survey, Abstract No. 33, Brazos County, Texas, and more
particularly described in that certain Deed Without Warranty dated April 30, 1962 and recorded in Volume 219, at
Page 210, of the Deed Records of Brazos County, Texas.
Tab 3 – Grants / Public Money
At the time of filing form AP-243, America’s Foundry Bryan has applied for or expects to apply for the following
programs:
● Brazos County, Chapter 312 abatement
● City of Bryan, Chapter 312 abatement
● Texas Semiconductor Innovation Fund (TSIF), unknown amount
● Texas Enterprise Fund (TEF), unknown amount
● Texas Enterprise Zone Project Designation, unknown amount
● Texas Skills Development Fund, unknown amount
● United States CHIPS Incentive Program (CHIPS), unknown amount
Tab 4 – Project Map
Reinvestment Zone under Tax Code Chapter 312

Opportunity Zone map showing the subject property is in an OZ.
Source: Texas Opportunity Zones (arcgis.com)

Tab 5 – List and Description of Eligible Property
This application covers all eligible property within the project boundary, as identified in the Project Maps of Tab 4,
for the construction and operation of the advanced semiconductor manufacturing operation for America’s Foundry
Bryan.
The investment in property includes the following:

- Land improvements
- 3 million sq ft advanced semiconductor manufacturing facility including administrative buildings, central
utilities buildings and infrastructure, machine shop, receiving and warehousing facilities, and site and
roadway infrastructure
- All processing equipment and tools used in our semiconductor manufacturing process
- Materials and equipment in our support buildings
- Any other tangible assets used in or to support the manufacturing of our end product
Tab 6 – Map Comparison of Existing and New Property
The project site is positioned on undeveloped land. There are no permanent buildings on this site currently.
Tab 7 – Compelling Factor Test
Section 9.1: Limitation as Compelling Factor, Question 1. In Tab 7, explain how the limitation is a
compelling factor in a competitive site selection process. Provide information regarding potential project
sites outside of Texas and include incentive offers, permits obtained or any incentive programs applied to.
Advanced semiconductor manufacturing is arguably the most competitive and desirable economic activity that
states compete for when looking to attract a large scale project delivering long term economic benefit to that state
and their residents. A successful foundry can generate hundreds of billions of dollars in direct economic impact
and trillions of dollars of indirect economic impact over the long term. Each establishment of a successful foundry
draws entire ecosystems of the most advanced manufacturing methods and employs individuals at every level of
the respective economy.
The company’s headquarters is located in San Francisco, California, currently home to our research and
engineering teams. Due to the competitive nature of semiconductor manufacturing, the company is confident that a
robust site selection process for the initial facility is necessary. We are currently engaged in a multi-state site
selection process for our initial semiconductor manufacturing facility and do not have a current business presence
in the state of Texas.
In 2023, at our request, SelectUSA produced a “U.S. Locations and Resources Report” on six states: Arizona,
California, Ohio, Oregon, Texas, and Utah. After additional evaluation, New York was added to the search.
At the start of our site selection process, 12 states offered specific incentives for semiconductor manufacturing in
the United States. With a focus on workforce availability, transportation infrastructure, and tax and regulatory
environment (including incentives), the company has narrowed the search to three potential states: Texas, Oregon,
and New York.
We are a startup company in a highly competitive and capital-intensive industry. The company has undergone a
site selection process based on conversations with state program representatives and our own analysis of the
programs and expected benefits. We have three non-disclosure agreements in place with state agencies and are not
able to share specific details of our discussions with these parties, however we are able to present publicly
available data points that are significant factors in our decision process and components of the incentives offered
by competing states.
New York
Like Texas and Oregon, the state of New York has placed a significant emphasis on semiconductor manufacturing
in recent years.
In 2022, New York committed $10 billion to the Green Chips Act. Under this act, PFO would be eligible for the
following incentives:
Investment Tax Credit: Up to 5% of project capital expenditures
R&D Tax Credit: Up to 8% of R&D expenditures
Salaries and Wages Tax Credit: Up to 7.5% of salaries and wages expenditures
Real Property Taxes/PILOTs Tax Credit: Eligible for schedule of credits based on amount of real property
taxes/PILOT paid over 10 years
Discounted Utility Service Delivery Rates: Discounted utility service delivery rates conveyed via private utility
Sales and use tax rates are similar in both states (8.25% average for Texas, and 8.53% average for New York).
Property tax rates vary widely; the combined rate for the proposed site in Texas is approximately 1.98% on real
and tangible personal property, which is competitive with rates in many parts of New York. Our company is
mindful, however, that Texas has repeatedly compressed school tax rates using budget surpluses, thus leading the
company to question whether the lower rates are permanent. Additionally, Texas taxes business personal property,
while New York does not; this gives New York a significant advantage over Texas, assuming valuations and rates
are not significantly different. Texas franchise tax appears to compare favorably to New York’s business income
tax. The R&D tax credit in New York is attractive; America’s Foundry Bryan LLC is mindful that the R&D tax
credit/exemption program expires in 2026.
The New York Green Chips program provides a decreasing reduction on property tax over ten years, starting at a
50% reduction, and reducing 5% per year. The JETI program provides a 75% reduction over ten years. The fact
that business personal property isn’t taxed brings the numbers closer since Texas will be taxing more property than
New York.
The federal government recently committed $6.1 billion to the new Micron plant in New York, $6.4 billion to
Samsung in Texas, and $8.5 billion of which part will fund Intel’s $36 billion investment in Oregon which seems
to indicate that the federal government is supporting a robust ecosystem in all three states, which is a benefit to
America’s Foundry Bryan LLC.
After considering Texas, chip manufacturer Micron Technologies announced a 20-year investment of up to $100
billion in chip manufacturing to be located outside Syracuse, New York. The state of New York has committed
$5.5 billion in performance based Green CHIPS incentives. The state’s emphasis on semiconductor manufacturing
provides our company with opportunities related to workforce and supply chains.
It’s clear that with each state’s incentive in place, the JETI program provides the company a larger benefit than the
Green Chips program and without the JETI program benefit, the Green Chips program is significantly more
beneficial to the company’s property tax bill.
Oregon
Similar to Texas and New York, Oregon has a significant semiconductor manufacturing presence, and has recently
added incentives to partner with the federal CHIPS act to increase the industry in that state. In 2023, the Oregon
legislature approved over $190 million to incentivize semiconductor manufacturing; by January 2024, the state had
secured new commitments from Intel, HP and Microchip. Intel is already Oregon's largest private employer, with
six campuses located around the Portland area, and totaling more than 20,000 workers statewide.
The cumulative property tax rate in Oregon varies significantly, though the highest rate in the state is close to the
rate of the site we are considering in Texas. Most Oregon counties have property tax rates that are significantly
less, again pointing to the fact that with a JETI agreement in place, the Texas property tax environment is
preferable, but without JETI, Oregon rates are more competitive than Texas.
Oregon does not currently offer a research and development tax credit, giving Texas slight advantage
(acknowledging the uncertain future of the state’s program).
While incentive programs in New York and Texas appear more robust, Oregon’s lack of a sales tax and ongoing
commitment to semiconductor manufacturing, as well as the proximity to our technical and scientific teams and
ample existing workforce infrastructure makes the state a potential location should the Texas site not be viable.
Conclusion
According to the 2024 State Tax Business Climate survey by the Tax Foundation, New York and Oregon provide
competitive tax climate environments, making incentives a critical part of the decision-making process. Due to the
capital investment, property tax incentives will play one of the most significant roles in the company’s site location
decision.
2024 State Business Tax Climate Index | Tax Foundation
State Corporate Tax Rank Sales Tax Rank Property Tax Rank
New York 24 42 49
Oregon 49 4 20
Texas 46 37 39
In summary, it’s clear that the three states’ workforce, economic, geographical, and tax structures are competitive
with each other, making the incentives offered by each state, and specifically the JETI program, a compelling
factor in determining which state America’s Foundry Bryan LLC ultimately elects to partner with.
Section 9.2: Limitation as Compelling Factor, Question 2. Has the applicant entered into any agreements,
contracts or letters of intent related to this project? If Yes, provide details in Tab 7.
America’s Foundry Bryan’s parent company, Substrate Inc., has entered into a non-binding memorandum of
understanding with Texas A&M University indicating interest in a collaborative investment benefiting both
America’s Foundry Bryan and the Texas A&M University System. This partnership is a compelling factor for
America’s Foundry Bryan to locate in Texas and is dependent on receiving acceptable financing and governmental
incentives.
Section 9.3: Limitation as Compelling Factor, Question 3. Has the applicant made any publicly available
statements regarding the proposed project? (Include any alternate project names). If Yes, attach statements
and explain how the limitation is a compelling factor in Tab 7.
Due to the sensitive nature of the trade secrets and proprietary information used in our construction and operations,
America’s Foundry Bryan has made no public statements about our project as of the time of our filing form AP-
243.
Section 9: Limitation as Compelling Factor, Question 4. Has the applicant applied for or received any
federal, state or local permits for activities at the proposed project site? If Yes, include a list of all permits
and dates applied for and received in Tab 7.
Neither America’s Foundry Bryan nor its parent company, Substrate Inc., have applied for or received any federal,
state, or local permits for activities at the proposed project site because the site selection process is not final. As a
part of our due diligence, we have researched the necessary permits covering federal, state, and local areas. If the
agency would like more detailed information on the permits required, we can provide that detail.
Form AP-243: Application for Taxable Value Limitation on Eligible Property America's Foundry Bryan LLC
Tab 8 – Economic Benefit Schedules
Impact DataSource has prepared an Economic Benefit Statement, which includes the following:
1. The impact on the gross revenues and employment levels of local businesses that provide goods or
services in connection with the project or to an applicant’s employees;
2. The amount of state and local taxes that will be generated as a result of the indirect economic impact of
the project;
3. The development of complementary businesses or industries that locate in this state as a direct
consequence of the project;
4. The total impact of the project on the gross domestic product of this state;
5. The total impact of the project on personal income in this state; and
6. The total impact of the project on state and local taxes.

Economic Benefit Statement for Project Factory One (PFO) in Brazos County, TX
June 7, 2024
Prepared by:
Impact DataSource, LLC 7500

Rialto Blvd
Building 1 Suite 250
Austin, Texas 78735
(512) 524-0892
www.impactdatasource.com
Table of Contents
Introduction ........................................................................................................................................ 3
A Description of the Facility and Its Operations ............................................................................. 3
Timeline for Permanent Employment and Investment .................................................................. 4
Total Capital Investment and Total Employment ........................................................................... 5
Estimated Increase in Appraised Value of Property Attributable to the Project......................... 6
Estimated Ad Valorem Taxes Imposed by Each Taxing Unit on the Investment ........................ 7
Total Impact on Gross Domestic Product and Personal Income in the State ............................. 12
Impact on Gross Revenues and Employment of Local Businesses ............................................... 14
The State and Local Tax Revenues Generated as a Result of the Project .................................... 16
Development of Complementary Businesses or Industries in the State...................................... 17
State of Texas Benefits: Economic Impact & Tax Revenue
State of Texas Economic Impacts During Construction ................................................................. 19
State of Texas Fiscal Impacts During Construction ........................................................................ 29
State of Texas Economic Impacts During the Facility's Operations ............................................. 40
State of Texas Fiscal Impacts During the Facility's Operations ..................................................... 48
Local Area Benefits: Economic Impact & Tax Revenue
Local vs. State Economic Impacts .................................................................................................... 66
Local Economic Impacts During Construction ................................................................................ 66
Local Fiscal Impacts During Construction ....................................................................................... 72
Local Economic Impacts During the Facility's Operations............................................................. 78
Local Fiscal Impacts During the Facility's Operations .................................................................... 83
Discussion of Indirect and Induced Impacts ................................................................................... 97
About Impact DataSource ................................................................................................................ 98
Some Rates and Assumptions Used in this Analysis...................................................................... 98
Impact DataSource, LLC | 2

An Economic Benefit Statement for
Project Factory One (PFO)
Introduction
This report presents the results of an economic impact analysis performed by Impact DataSource, Austin, Texas. The analysis was to
estimate the potential economic benefits to be generated by Project Factory One (PFO)
in Brazos County, Texas for the project's Jobs, Energy, Technology and Innovation (JETI) application. The economic benefits include
economic impacts - measured by revenues (or output), jobs, and salaries in the state and local region. In addition, the benefits include
estimated state and local tax revenues supported by the company, its employees, and other businesses economically linked to the
project throughout the state. In total, this analysis covers a 41-year period beginning with 6-years of initial construction, a 10-year
incentive period, and an additional period of 25 years as required by Tex. Gov't Code § 403.608 (b).
Years Period
2024-2029 Construction
2030-2039 Incentive Period
2040-2064 Additional 25 Years
Note: The Project includes an initial construction phase before operations commence. However, continued investments will be necessary
throughout the entire 41-year analysis period. Therefore, the economic impact during construction considers all construction activities
occurring over the entire duration of the Project.
A Description of the Facility and Its Operations

Project Factory One (PFO) is a first of its kind bleeding-edge pure-play foundry manufacturing project bringing cost competitive
semiconductor manufacturing back to the United States.
PFO is a new construction project with a desired location on an undeveloped portion of the Texas A&M RELLIS Education and Research
campus in Bryan, Texas.

Timeline for Permanent Employment and Investment
The facility's timeline for total jobs to be created and investment over the next 41 years will be as follows:
Table 1
Number of Buildings and

New Workers to Other Real Total
be Hired Each Machinery & JE
Property
Year Year Period TI
Improvements Equipment
Investment
2024 5 &RQVWUXFWLRQ $39,000,000 $0 $39,000,000
2025 45 &RQVWUXFWLRQ $564,000,000 $247,000,000 $811,000,000

2026 150 &RQVWUXFWLRQ $1,709,000,000 $1,702,000,000 $3,411,000,000
2027 200 &RQVWUXFWLRQ $2,843,000,000 $1,855,000,000 $4,698,000,000
2028 200 &RQVWUXFWLRQ $957,000,000 $1,400,000,000 $2,357,000,000
2029 200 &RQVWUXFWLRQ $61,000,000 $1,256,000,000 $1,317,000,000
2030 200 ,QFHQWLYH<HDU $61,000,000 $1,424,000,000 $1,485,000,000
2031 200 ,QFHQWLYH<HDU $61,000,000 $1,879,000,000 $1,940,000,000
2032 200 ,QFHQWLYH<HDU $61,000,000 $694,000,000 $755,000,000
2033 200 ,QFHQWLYH<HDU $61,000,000 $746,000,000 $807,000,000
2034 215 ,QFHQWLYH<HDU $61,000,000 $801,000,000 $862,000,000
2035 185 ,QFHQWLYH<HDU $61,000,000 $862,000,000 $923,000,000
2036 0 ,QFHQWLYH<HDU $61,000,000 $927,000,000 $988,000,000
2037 0 ,QFHQWLYH<HDU $61,000,000 $997,000,000 $1,058,000,000
2038 0 ,QFHQWLYH<HDU $61,000,000 $1,072,000,000 $1,133,000,000
2039 0 ,QFHQWLYH<HDU $61,000,000 $1,153,000,000 $1,214,000,000
2040 0 $61,000,000 $1,239,000,000 $1,300,000,000
2041 0 $61,610,000 $1,330,175,000 $1,391,785,000
2042 0 $62,226,100 $1,428,144,375 $1,490,370,475
2043 0 $62,848,361 $1,533,416,609 $1,596,264,970
2044 0 $63,476,845 $1,646,538,296 $1,710,015,141
2045 0 $64,111,613 $1,768,096,996 $1,832,208,609
2046 0 $64,752,729 $1,898,724,307 $1,963,477,036
2047 0 $65,400,256 $2,039,099,166 $2,104,499,422
2048 0 $66,054,259 $2,189,951,403 $2,256,005,662
2049 0 $66,714,802 $2,352,065,554 $2,418,780,355
2050 0 $67,381,950 $2,526,284,960 $2,593,666,910
2051 0 $68,055,769 $2,713,516,184 $2,781,571,953
2052 0 $68,736,327 $2,914,733,746 $2,983,470,073
2053 0 $69,423,690 $3,130,985,222 $3,200,408,912
2054 0 $70,117,927 $3,363,396,719 $3,433,514,646
2055 0 $70,819,106 $3,613,178,769 $3,683,997,875
Table 1 continued on the next page

Table 1 - Continued
Number of Buildings and

New Workers to Other Real Total
be Hired Each JE
Property Machinery &
Year TI
Year Period Improvements Equipment
Investment
2056 0 $71,527,297 $3,881,632,654 $3,953,159,952

2057 0 $72,242,570 $4,170,157,219 $4,242,399,789
2058 0 $72,964,996 $4,480,256,178 $4,553,221,174
2059 0 $73,694,646 $4,813,545,989 $4,887,240,635
2060 0 $74,431,592 $5,171,764,300 $5,246,195,893
2061 0 $75,175,908 $5,556,779,044 $5,631,954,952
2062 0 $75,927,667 $5,970,598,204 $6,046,525,871
2063 0 $76,686,944 $6,415,380,319 $6,492,067,263
2064 0 $77,453,814 $6,893,445,774 $6,970,899,588
Total 2,000 $8,505,835,170 $100,055,866,987 $108,561,702,157
Total Capital Investment and Total Employment

The facility's proposed capital investment and total employment will be as follows:
Table 2
Total Capital Investment and Employment
Total Capital Investment $108,561,702,157
Total Employment 2,000

Estimated Increase in Appraised Value of Property Attributable to the Project
The estimated increase in appraised value of the facility's investment over the next 41 years is shown below. The table focuses on the
appraised value of the investment as defined by the Jobs, Energy, Technology and Innovation (JETI) program.
Table 3
Appraised Value of the Facility's Investment
Buildings and Total

Other Real Appraised
Property Machinery & Value of
Year Improvements Equipment Investment
2024 $39,000,000 $0 $39,000,000
2025 $601,830,000 $226,700,000 $828,530,000

2026 $2,292,775,100 $1,755,530,000 $4,048,305,100
2027 $5,066,991,847 $3,243,370,000 $8,310,361,847
2028 $5,871,982,092 $4,106,970,000 $9,978,952,092
2029 $5,756,822,629 $4,651,940,000 $10,408,762,629
2030 $5,645,117,950 $5,194,530,000 $10,839,647,950
2031 $5,536,764,411 $6,008,120,000 $11,544,884,411
2032 $5,431,661,479 $5,588,210,000 $11,019,871,479
2033 $5,329,711,635 $5,242,270,000 $10,571,981,635
2034 $5,230,820,286 $5,026,940,000 $10,257,760,286
2035 $5,134,895,677 $4,963,850,000 $10,098,745,677
2036 $5,041,848,807 $5,007,460,000 $10,049,308,807
2037 $4,951,593,343 $5,146,420,000 $10,098,013,343
2038 $4,864,045,542 $5,365,340,000 $10,229,385,542
2039 $4,779,124,176 $5,648,410,000 $10,427,534,176
2040 $4,696,750,451 $5,964,030,000 $10,660,780,451
2041 $4,617,457,937 $6,328,565,000 $10,946,022,937
2042 $4,541,160,299 $6,749,297,375 $11,290,457,674
2043 $4,467,773,851 $7,211,597,422 $11,679,371,273
2044 $4,397,217,480 $7,716,375,266 $12,113,592,746
2045 $4,329,412,569 $8,267,762,349 $12,597,174,918
2046 $4,264,282,921 $8,872,958,356 $13,137,241,277
2047 $4,201,754,690 $9,522,858,159 $13,724,612,849
2048 $4,141,756,308 $10,220,857,226 $14,362,613,534
2049 $4,084,218,421 $10,970,547,823 $15,054,766,243
2050 $4,029,073,818 $11,775,821,790 $15,804,895,608
2051 $3,976,257,372 $12,640,875,509 $16,617,132,881
2052 $3,925,705,978 $13,570,209,883 $17,495,915,861
2053 $3,877,358,489 $14,568,641,435 $18,445,999,923

Table 3 - Continued
Appraised Value of the Facility's Investment
Buildings and Total

Other Real Appraised
Property Machinery & Value of
Year Improvements Equipment Investment
2054 $3,831,155,661 $15,641,360,910 $19,472,516,572

2055 $3,787,040,097 $16,793,937,675 $20,580,977,772
2056 $3,744,956,192 $18,032,346,108 $21,777,302,299
2057 $3,704,850,076 $19,363,008,294 $23,067,858,371
2058 $3,666,669,570 $20,792,827,594 $24,459,497,165
2059 $3,630,364,129 $22,329,224,728 $25,959,588,857
2060 $3,595,884,798 $23,980,176,566 $27,576,061,364
2061 $3,563,184,162 $25,754,257,836 $29,317,441,998
2062 $3,532,216,305 $27,660,685,946 $31,192,902,251
2063 $3,502,936,760 $29,709,369,177 $33,212,305,937
2064 $3,475,302,470 $31,910,958,489 $35,386,260,959
$SSUDLVHG9DOXH$VVXPSWLRQV
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DQGDQQXDOGHSUHFLDWLRQRYHUWLPH
0DFKLQHU\ (TXLSPHQW9DOXH5HIOHFWVWKHGHSUHFLDWHGYDOXHRIPDFKLQHU\DQGHTXLSPHQWLQYHVWPHQWVVXEMHFW
WR%UD]RV&RXQW\\HDUDQG\HDUOLIHGHSUHFLDWLRQVFKHGXOHEDVHGRQWKHH[SHFWHGGDWHLWZLOOKLWWKHWD[UROOV

Estimated Ad Valorem Taxes Imposed by Each Taxing Unit on the Investment
The prospective site is located in Brazos County subject to the following property tax rates:
Table 4
Taxing Units and Tax Rates (Per $100 of Taxable Value) at Proposed Site
City: City of Bryan 0.624000

County: Brazos County 0.409700
School: Bryan ISD 0.949200
0 25DWH
, 65DWH
Total Rate 1.98290

The estimated ad valorem taxes imposed by each taxing unit is summarized in the table below and shown in detail on the
following pages.
Table 5
Ad Valorem Taxes for Each Taxing Unit on the Investment
Over the Next 41 Years
City: City of Bryan $3,898,030,261

County: Brazos County $2,559,331,727
School: Bryan ISD $5,165,629,479
0 27D[HV
, 67D[HV
Total $11,622,991,467
It is important to note these property tax calculations reflect the expected taxes on the company's eligible investment. The company
may pay additional property taxes on land, existing buildings, and inventories and those taxes are detailed separately in the "Local
Area Benefits: Economic Impact & Tax Revenue" section of this report.
Table 6
Ad Valorem Taxes for School District on Investment: Bryan ISD
7D[DEOH9DOXH 7D[DEOH Total

RI(OLJLEOH 9DOXHRI School
3URSHUW\IRU M&O M&O 3URSHUW\IRU I&S I&S District
Year 0 27D[ Tax Rate Taxes , 67D[ Tax Rate Taxes Taxes
2024 0.67920 $0 0.27000 $105,300 $105,300

2025 0.67920 $0 0.27000 $2,237,031 $2,237,031
2026 0.67920 $0 0.27000 $10,930,424 $10,930,424
2027 0.67920 $0 0.27000 $22,437,977 $22,437,977
2028 0.67920 $0 0.27000 $26,943,171 $26,943,171
2029 0.67920 $0 0.27000 $28,103,659 $28,103,659
2030 0.67920 $18,405,722 0.27000 $29,267,049 $47,672,772
2031 0.67920 $19,603,214 0.27000 $31,171,188 $50,774,402
2032 0.67920 $18,711,742 0.27000 $29,753,653 $48,465,395
2033 0.67920 $17,951,225 0.27000 $28,544,350 $46,495,575
2034 0.67920 $17,417,677 0.27000 $27,695,953 $45,113,630
2035 0.67920 $17,147,670 0.27000 $27,266,613 $44,414,283
2036 0.67920 $17,063,726 0.27000 $27,133,134 $44,196,860
2037 0.67920 $17,146,427 0.27000 $27,264,636 $44,411,063
2038 0.67920 $17,369,497 0.27000 $27,619,341 $44,988,838
2039 0.67920 $17,705,953 0.27000 $28,154,342 $45,860,295
2040 0.67920 $72,408,021 0.27000 $28,784,107 $101,192,128
2041 0.67920 $74,345,388 0.27000 $29,554,262 $103,899,650

Table 6 - Continued
Ad Valorem Taxes for School District on Investment: Bryan ISD
7D[DEOH9DOXH 7D[DEOH Total

RI(OLJLEOH 9DOXHRI School
3URSHUW\IRU M&O M&O 3URSHUW\IRU I&S I&S District
Year 0 27D[ Tax Rate Taxes , 67D[ Tax Rate Taxes Taxes
2042 0.67920 $76,684,789 0.27000 $30,484,236 $107,169,024

2043 0.67920 $79,326,290 0.27000 $31,534,302 $110,860,592
2044 0.67920 $82,275,522 0.27000 $32,706,700 $114,982,222
2045 0.67920 $85,560,012 0.27000 $34,012,372 $119,572,384
2046 0.67920 $89,228,143 0.27000 $35,470,551 $124,698,694
2047 0.67920 $93,217,570 0.27000 $37,056,455 $130,274,025
2048 0.67920 $97,550,871 0.27000 $38,779,057 $136,329,928
2049 0.67920 $102,251,972 0.27000 $40,647,869 $142,899,841
2050 0.67920 $107,346,851 0.27000 $42,673,218 $150,020,069
2051 0.67920 $112,863,567 0.27000 $44,866,259 $157,729,825
2052 0.67920 $118,832,261 0.27000 $47,238,973 $166,071,233
2053 0.67920 $125,285,231 0.27000 $49,804,200 $175,089,431
2054 0.67920 $132,257,333 0.27000 $52,575,795 $184,833,127
2055 0.67920 $139,786,001 0.27000 $55,568,640 $195,354,641
2056 0.67920 $147,911,437 0.27000 $58,798,716 $206,710,153
2057 0.67920 $156,676,894 0.27000 $62,283,218 $218,960,112
2058 0.67920 $166,128,905 0.27000 $66,040,642 $232,169,547
2059 0.67920 $176,317,528 0.27000 $70,090,890 $246,408,417
2060 0.67920 $187,296,609 0.27000 $74,455,366 $261,751,974
2061 0.67920 $199,124,066 0.27000 $79,157,093 $278,281,159
2062 0.67920 $211,862,192 0.27000 $84,220,836 $296,083,028
2063 0.67920 $225,577,982 0.27000 $89,673,226 $315,251,208
2064 0.67920 $240,343,484 0.27000 $95,542,905 $335,886,389
Total $3,478,981,770 $1,686,647,709 $5,165,629,479
7D[DEOH9DOXHRI(OLJLEOH3URSHUW\IRU0 27D[LVGXULQJFRQVWUXFWLRQHTXDOWRRIWKHDSSUDLVHGRUPDUNHWYDOXHRIWKHLQYHVWPHQ
SURSHUW\IRUWKH\HDUVLQFHQWLYHWHUP DQGHTXDOWRWKHDSSUDLVHGRUPDUNHWYDOXHWKHUHDIWHU
7D[DEOH9DOXHRI3URSHUW\IRU, 67D[LVHTXDOWRWKHDSSUDLVHGRUPDUNHWYDOXHRIWKHLQYHVWPHQWSURSHUW\

Table 7
Ad Valorem Taxes for Other Taxing Units on Investment

7D[DEOH
9DOXHRI City of Bryan Brazos
County
Year 3URSHUW\

2024 $243,360 $159,783
2025 $5,170,027 $3,394,487
2026 $25,261,424 $16,585,906
2027 $51,856,658 $34,047,552
2028 $62,268,661 $40,883,767
2029 $64,950,679 $42,644,700
2030 $67,639,403 $44,410,038
2031 $72,040,079 $47,299,391
2032 $68,763,998 $45,148,413
2033 $65,969,165 $43,313,409
2034 $64,008,424 $42,026,044
2035 $63,016,173 $41,374,561
2036 $62,707,687 $41,172,018
2037 $63,011,603 $41,371,561
2038 $63,831,366 $41,909,793
2039 $65,067,813 $42,721,608
2040 $66,523,270 $43,677,218
2041 $68,303,183 $44,845,856
2042 $70,452,456 $46,257,005
2043 $72,879,277 $47,850,384
2044 $75,588,819 $49,629,389
2045 $78,606,371 $51,610,626
2046 $81,976,386 $53,823,278
2047 $85,641,584 $56,229,739
2048 $89,622,708 $58,843,628
2049 $93,941,741 $61,679,377
2050 $98,622,549 $64,752,657
2051 $103,690,909 $68,080,393
2052 $109,174,515 $71,680,767
2053 $115,103,040 $75,573,262
2054 $121,508,503 $79,778,900
2055 $128,425,301 $84,320,266
2056 $135,890,366 $89,221,608
2057 $143,943,436 $94,509,016
2058 $152,627,262 $100,210,560

Table 7 - Continued
Ad Valorem Taxes for Other Taxing Units on Investment
7D[DEOH
9DOXHRI City of Bryan Brazos
County
Year 3URSHUW\

2059 $161,987,834 $106,356,436

2060 $172,074,623 $112,979,123
2061 $182,940,838 $120,113,560
2062 $194,643,710 $127,797,321
2063 $207,244,789 $136,070,817
2064 $220,810,268 $144,977,511
Total $3,898,030,261 $2,559,331,727
7D[DEOH9DOXHRI3URSHUW\IRUWKHVHWD[LQJXQLWVLVHTXDOWRWKHDSSUDLVHGRUPDUNHWYDOXHRIWKHLQYHVWPHQWSURSHUW\

Total Impact on Gross Domestic Product and Personal Income in the State
The project's construction and on-going operations will generate new revenues for businesses in the state and increase the gross
domestic product of the state. Additionally, these activities will support employment and increase personal income in the state.
The economic output represents gross revenues of businesses impacted by the project. Indirect businesses reflect suppliers to the
project and induced businesses reflect business serving employees supported by the project.
State Economic Output During Construction

The economic impact/increase in gross state product during construction of buildings and improvements will be as follows:
Table 8
Economic Impact of Construction at the Firm's Facility
Indirect and
Direct Induced Total
Economic output / increase in $8.51 B $13.94 B $22.44 B

gross area product
Construction employment (annual average) 922 1,097 2,019
Payroll / increase in state $3.40 B $3.05 B $6.46 B

personal income

State Economic Impacts During the Facility's Operations
The total annual economic output/increase in gross state product during the facility's operations is shown below along with the
employment and payroll supported in the state economy.
Table 9
Total Economic Impact During the Facility's Operations
in the State of Texas
Annually at
Full Operations 41-Year
in 2035 Total
Economic output / increase in gross state product:

Direct $11.30 B $425.46 B
Indirect & Induced $10.80 B $406.61 B

Total $22.10 B $832.07 B
Employment:
Direct 2,000 2,000
Indirect & Induced 5,302 5,302

Total 7,302 7,302
Payroll / increase in state personal income:

Direct $321.19 M $17.87 B
Indirect & Induced $281.85 M $15.68 B

Total $603.04 M $33.55 B
Additional information and year-by-year calculations for state impacts summarized above can be found in the "State of Texas
Benefits: Economic Impact & Tax Revenue" section of this report.

Impact on Gross Revenues and Employment of Local Businesses
The project's construction and on-going operations will generate new revenues for local businesses and support local
employment. The tables below summarize these local economic impacts within Brazos County.
The economic output represents gross revenues of businesses impacted by the project. Indirect businesses reflect suppliers to the
project and induced businesses reflect business serving employees supported by the project.
Local Economic Output During Construction

The economic impact/increase in gross area product during construction of buildings and improvements will be as follows:
Table 10
Local Economic Impact of Construction at the Firm's Facility
Indirect and
Direct Induced Total
Economic output / increase in $8.51 B $4.91 B $13.42 B

gross area product
Construction employment (annual average) 922 525 1,447
Payroll / increase in county $3,402.33 M $1,332.01 M $4,734.35 M

personal income

Local Economic Impacts During the Facility's Operations
The total annual economic output/increase in gross area product during the facility's operations is shown below along with the
employment and payroll supported in the Brazos County economy.
Table 11
Total Economic Impact During the Facility's Operations
in Brazos County
Annually at
Full Operations 41-Year
in 2035 Total
Economic output / increase in gross area product:

Direct $11.30 B $425.46 B
Indirect & Induced $3.59 B $135.34 B

Total $14.89 B $560.80 B
Employment
Direct 2,000 2,000
Indirect & Induced 2,288 2,288

Total 4,288 4,288
Payroll/Personal Income
Direct $321.19 M $17.87 B
Indirect & Induced $108.27 M $6.02 B

Total $429.47 M $23.89 B
Additional information and year-by-year calculations for state impacts summarized above can be found in the "Local Area Benefits:
Economic Impact & Tax Revenue" section of this report.

The State and Local Tax Revenues Generated as a Result of the Project
During construction, the State of Texas and city will receive the following tax revenues:
Table 12
Tax Revenues for the State and Local Taxing Units During Operations
Franchis
Sales Tax e Franchise Other Taxes Total Tax
Collections Tax and Revenues Revenues
Collections
State of Texas $325,050,958 $16,830,709 $121,192,701 $463,074,368

City of Bryan $46,807,338 $0 $0 $46,807,338
Brazos County $15,602,446 $0 $0 $15,602,446
Total $387,460,742 $16,830,709 $121,192,701 $525,484,152
The state and local tax revenues from the facility's operations over the 41-year period is shown below.
Table 13
Tax Revenues for the State and Local Taxing Units During Operations
Hotel
Sales Tax Occupancy Franchise Tax Other Taxes Property Total Tax
Collections Taxes Collections and Revenues Taxes* Revenues
State of Texas $1,853,595,329 $9,188,841 $624,050,169 $559,628,146 $0 $3,046,462,485

City of Bryan $266,917,727 $10,720,314 $0 $0 $4,097,512,235 $4,375,150,276
Brazos County $88,972,576 $4,211,552 $0 $0 $2,690,305,709 $2,783,489,837
Bryan ISD $0 $0 $0 $0 $5,469,072,250 $5,469,072,250
Total $2,209,485,632 $24,120,707 $624,050,169 $559,628,146 $12,256,890,194 $15,674,174,84

9
3URSHUW\WD[HVLQFOXGHERWKWD[HVRQWKH-(7,LQYHVWPHQWDVZHOODVWKHWD[DEOHODQGH[LVWLQJEXLOGLQJVDQG
inventories. See the Local Area Benefits section for more detail.
Additional information and year-by-year calculations for state and local tax revenues summarized above can be found in the State of
Texas and Local Area Benefits sections of this report.

Development of Complementary Businesses or Industries in the State
The company's operations will draw on suppliers throughout the state and drive expansion in complementary businesses.
Although the specific businesses are not known at this time, the expansion of industries affected by the company and its
employees is show below based on the impact by industry.
Table 14
Development of Industries in the State
New Percent
Spending of Total
Agriculture, forestry, fishing and hunting $50,323,912 0.5%

Mining, quarrying, and oil and gas extraction $143,926,389 1.3%
Utilities $322,073,038 3.0%
Construction $96,621,911 0.9%
Durable goods manufacturing $2,081,397,008 19.3%
Nondurable goods manufacturing $999,432,896 9.3%
Wholesale trade $798,137,247 7.4%
Retail trade $525,381,643 4.9%
Transportation and warehousing $429,766,210 4.0%
Information $372,396,950 3.4%
Finance and insurance $787,065,987 7.3%
Real estate and rental and leasing $1,167,514,763 10.8%
Professional, scientific, and technical services $665,282,119 6.2%
Management of companies and enterprises $339,183,168 3.1%
Administrative & support & waste mgmt & remediation svcs $486,128,992 4.5%
Educational services $106,686,694 1.0%
Health care and social assistance $725,670,814 6.7%
Arts, entertainment, and recreation $63,408,129 0.6%
Accommodation $61,395,173 0.6%
Food services and drinking places $256,651,952 2.4%
Other services $319,053,603 3.0%
Total $10,797,498,600 100.0%
The industries most affected by the project will include:
1. Durable goods manufacturing

2. Real estate and rental and leasing
3. Nondurable goods manufacturing
4. Wholesale trade
5. Finance and insurance

State of Texas Benefits
Economic Impact & Tax Revenue

State of Texas Economic Impacts During Construction
The facility plans to spend the following estimated amounts on construction at the facility:
Table 15
Construction Costs
Construction
Year Costs
2024 $39,000,000
2025 $564,000,000
2026 $1,709,000,000
2027 $2,843,000,000
2028 $957,000,000
2029 $61,000,000
2030 $61,000,000
2031 $61,000,000
2032 $61,000,000
2033 $61,000,000
2034 $61,000,000
2035 $61,000,000
2036 $61,000,000
2037 $61,000,000
2038 $61,000,000
2039 $61,000,000
2040 $61,000,000
2041 $61,610,000
2042 $62,226,100
2043 $62,848,361
2044 $63,476,845
2045 $64,111,613
2046 $64,752,729
2047 $65,400,256
2048 $66,054,259
2049 $66,714,802
2050 $67,381,950
2051 $68,055,769
2052 $68,736,327
2053 $69,423,690
2054 $70,117,927
2055 $70,819,106
2056 $71,527,297
2057 $72,242,570

Table 15 - Continued
Construction Costs
Construction
Year Costs
2058 $72,964,996
2059 $73,694,646
2060 $74,431,592
2061 $75,175,908
2062 $75,927,667
2063 $76,686,944
2064 $77,453,814
Total $8,505,835,170
Construction Economic Output/Increase in Gross State Product

The facility's construction project will provide direct, indirect and induced economic output/increase in gross state product, as shown
below.
Table 16
Economic Output/Increase in Gross State
Product During Construction
Direct Indirect and

Construction Induced Total
Year Output Output Output
2024 $39,000,000 $63,893,700 $102,893,700
2025 $564,000,000 $924,001,200 $1,488,001,200

2026 $1,709,000,000 $2,799,854,700 $4,508,854,700
2027 $2,843,000,000 $4,657,686,900 $7,500,686,900
2028 $957,000,000 $1,567,853,100 $2,524,853,100
2029 $61,000,000 $99,936,300 $160,936,300
2030 $61,000,000 $99,936,300 $160,936,300
2031 $61,000,000 $99,936,300 $160,936,300
2032 $61,000,000 $99,936,300 $160,936,300
2033 $61,000,000 $99,936,300 $160,936,300
2034 $61,000,000 $99,936,300 $160,936,300
2035 $61,000,000 $99,936,300 $160,936,300
2036 $61,000,000 $99,936,300 $160,936,300
2037 $61,000,000 $99,936,300 $160,936,300
2038 $61,000,000 $99,936,300 $160,936,300

Economic Output/Increase in Gross State Product
During Construction
Direct Indirect and

2039 $61,000,000 $99,936,300 $160,936,300

2040 $61,000,000 $99,936,300 $160,936,300
2041 $61,610,000 $100,935,663 $162,545,663
2042 $62,226,100 $101,945,020 $164,171,120
2043 $62,848,361 $102,964,470 $165,812,831
2044 $63,476,845 $103,994,115 $167,470,959
2045 $64,111,613 $105,034,056 $169,145,669
2046 $64,752,729 $106,084,396 $170,837,125
2047 $65,400,256 $107,145,240 $172,545,497
2048 $66,054,259 $108,216,693 $174,270,952
2049 $66,714,802 $109,298,860 $176,013,661
2050 $67,381,950 $110,391,848 $177,773,798
2051 $68,055,769 $111,495,767 $179,551,536
2052 $68,736,327 $112,610,724 $181,347,051
2053 $69,423,690 $113,736,832 $183,160,522
2054 $70,117,927 $114,874,200 $184,992,127
2055 $70,819,106 $116,022,942 $186,842,048
2056 $71,527,297 $117,183,171 $188,710,469
2057 $72,242,570 $118,355,003 $190,597,573
2058 $72,964,996 $119,538,553 $192,503,549
2059 $73,694,646 $120,733,939 $194,428,584
2060 $74,431,592 $121,941,278 $196,372,870
2061 $75,175,908 $123,160,691 $198,336,599
2062 $75,927,667 $124,392,298 $200,319,965
2063 $76,686,944 $125,636,221 $202,323,165
2064 $77,453,814 $126,892,583 $204,346,396
Total $8,505,835,170 $13,935,109,758 $22,440,944,928
An explanation of the multipliers used to calculate indirect and induced impacts is included later in this report.

Construction Employment
The estimated number of construction workers for a hypothetical construction project is shown below.
Table 17
Number of Construction Workers for a Hypothetical $1 Million Construction Project
Total estimated construction $1,000,000
Estimated on-site labor costs as a percentage of construction costs 40%
Estimated annual construction worker's salary $90,000
Estimated number of construction workers for a $1 million 4.44

construction project
Using the above average construction worker estimate, the number of construction workers employed during the facility's construction
is shown below.
Table 18
Construction Workers Employed
During Construction
Number of
Construction
Construction Jobs Supported
Year Costs Each Year
2024 $39,000,000 173
2025 $564,000,000 2,507

2026 $1,709,000,000 7,596
2027 $2,843,000,000 12,636
2028 $957,000,000 4,253
2029 $61,000,000 271
2030 $61,000,000 271
2031 $61,000,000 271
2032 $61,000,000 271
2033 $61,000,000 271
2034 $61,000,000 271
2035 $61,000,000 271
2036 $61,000,000 271
2037 $61,000,000 271
2038 $61,000,000 271
2039 $61,000,000 271

Construction Workers Employed
During Construction
Number of
Construction
Construction Jobs Supported
Year Costs Each Year
2040 $61,000,000 271

2041 $61,610,000 274
2042 $62,226,100 277
2043 $62,848,361 279
2044 $63,476,845 282
2045 $64,111,613 285
2046 $64,752,729 288
2047 $65,400,256 291
2048 $66,054,259 294
2049 $66,714,802 297
2050 $67,381,950 299
2051 $68,055,769 302
2052 $68,736,327 305
2053 $69,423,690 309
2054 $70,117,927 312
2055 $70,819,106 315
2056 $71,527,297 318
2057 $72,242,570 321
2058 $72,964,996 324
2059 $73,694,646 328
2060 $74,431,592 331
2061 $75,175,908 334
2062 $75,927,667 337
2063 $76,686,944 341
2064 $77,453,814 344
Total $8,505,835,170
Average construction jobs per year 922

During construction, the following number of direct, indirect and induced jobs will be supported each year:
Table 19
Direct, Indirect and Induced Employment
During Construction
Direct Indirect and

Year Employment Employment Employment
2024 173 206 380

2025 2,507 2,983 5,489
2026 7,596 9,038 16,634
2027 12,636 15,035 27,671
2028 4,253 5,061 9,314
2029 271 323 594
2030 271 323 594
2031 271 323 594
2032 271 323 594
2033 271 323 594
2034 271 323 594
2035 271 323 594
2036 271 323 594
2037 271 323 594
2038 271 323 594
2039 271 323 594
2040 271 323 594
2041 274 326 600
2042 277 329 606
2043 279 332 612
2044 282 336 618
2045 285 339 624
2046 288 342 630
2047 291 346 637
2048 294 349 643
2049 297 353 649
2050 299 356 656
2051 302 360 662
2052 305 364 669
2053 309 367 676
2054 312 371 682
2055 315 375 689
2056 318 378 696
2057 321 382 703

During Construction
Direct Indirect and

2058 324 386 710

2059 328 390 717
2060 331 394 724
2061 334 398 732
2062 337 402 739
2063 341 406 746
2064 344 410 754
Annual Avg. 922 1,097 2,019
Construction Payroll
Construction workers will have the following payrolls:
Table 20
Direct Construction Payroll
Total
Construction Construction
Year Costs Payroll
2024 $39,000,000 $15,600,000
2025 $564,000,000 $225,600,000

2026 $1,709,000,000 $683,600,000
2027 $2,843,000,000 $1,137,200,000
2028 $957,000,000 $382,800,000
2029 $61,000,000 $24,400,000
2030 $61,000,000 $24,400,000
2031 $61,000,000 $24,400,000
2032 $61,000,000 $24,400,000
2033 $61,000,000 $24,400,000
2034 $61,000,000 $24,400,000
2035 $61,000,000 $24,400,000
2036 $61,000,000 $24,400,000
2037 $61,000,000 $24,400,000
2038 $61,000,000 $24,400,000
2039 $61,000,000 $24,400,000

Direct Construction Payroll
Total
Construction Construction
Year Costs Payroll
2040 $61,000,000 $24,400,000

2041 $61,610,000 $24,644,000
2042 $62,226,100 $24,890,440
2043 $62,848,361 $25,139,344
2044 $63,476,845 $25,390,738
2045 $64,111,613 $25,644,645
2046 $64,752,729 $25,901,092
2047 $65,400,256 $26,160,103
2048 $66,054,259 $26,421,704
2049 $66,714,802 $26,685,921
2050 $67,381,950 $26,952,780
2051 $68,055,769 $27,222,308
2052 $68,736,327 $27,494,531
2053 $69,423,690 $27,769,476
2054 $70,117,927 $28,047,171
2055 $70,819,106 $28,327,643
2056 $71,527,297 $28,610,919
2057 $72,242,570 $28,897,028
2058 $72,964,996 $29,185,998
2059 $73,694,646 $29,477,858
2060 $74,431,592 $29,772,637
2061 $75,175,908 $30,070,363
2062 $75,927,667 $30,371,067
2063 $76,686,944 $30,674,778
2064 $77,453,814 $30,981,525
Total $8,505,835,170 $3,402,334,068

The direct, indirect and induced payrolls during construction will be the following:
Table 21
Direct, Indirect and Induced Payroll During Construction
Direct Indirect and

Year Payroll Payroll Payroll
2024 $15,600,000 $14,004,120 $29,604,120
2025 $225,600,000 $202,521,120 $428,121,120

2026 $683,600,000 $613,667,720 $1,297,267,720
2027 $1,137,200,000 $1,020,864,440 $2,158,064,440
2028 $382,800,000 $343,639,560 $726,439,560
2029 $24,400,000 $21,903,880 $46,303,880
2030 $24,400,000 $21,903,880 $46,303,880
2031 $24,400,000 $21,903,880 $46,303,880
2032 $24,400,000 $21,903,880 $46,303,880
2033 $24,400,000 $21,903,880 $46,303,880
2034 $24,400,000 $21,903,880 $46,303,880
2035 $24,400,000 $21,903,880 $46,303,880
2036 $24,400,000 $21,903,880 $46,303,880
2037 $24,400,000 $21,903,880 $46,303,880
2038 $24,400,000 $21,903,880 $46,303,880
2039 $24,400,000 $21,903,880 $46,303,880
2040 $24,400,000 $21,903,880 $46,303,880
2041 $24,644,000 $22,122,919 $46,766,919
2042 $24,890,440 $22,344,148 $47,234,588
2043 $25,139,344 $22,567,589 $47,706,934
2044 $25,390,738 $22,793,265 $48,184,003
2045 $25,644,645 $23,021,198 $48,665,843
2046 $25,901,092 $23,251,410 $49,152,502
2047 $26,160,103 $23,483,924 $49,644,027
2048 $26,421,704 $23,718,763 $50,140,467
2049 $26,685,921 $23,955,951 $50,641,872
2050 $26,952,780 $24,195,510 $51,148,290
2051 $27,222,308 $24,437,466 $51,659,773
2052 $27,494,531 $24,681,840 $52,176,371
2053 $27,769,476 $24,928,659 $52,698,135
2054 $28,047,171 $25,177,945 $53,225,116
2055 $28,327,643 $25,429,725 $53,757,367
2056 $28,610,919 $25,684,022 $54,294,941
2057 $28,897,028 $25,940,862 $54,837,890
2058 $29,185,998 $26,200,271 $55,386,269

Direct, Indirect and Induced Payroll During Construction
Direct Indirect and

2059 $29,477,858 $26,462,273 $55,940,132

2060 $29,772,637 $26,726,896 $56,499,533
2061 $30,070,363 $26,994,165 $57,064,529
2062 $30,371,067 $27,264,107 $57,635,174
2063 $30,674,778 $27,536,748 $58,211,526
2064 $30,981,525 $27,812,115 $58,793,641
Total $3,402,334,068 $3,054,275,293 $6,456,609,361

State of Texas Fiscal Impacts During Construction
Taxable Sales
The percent of construction costs for building materials and the percent of total worker salaries to be spent on taxable goods and
services are shown below.
Table 22
Percent of Construction Costs and Worker Salaries Subject to Sales Tax
Percent of construction costs for materials 60.0%
Estimated percent of construction materials that may be subject 20.0%

to sales tax
Percent of worker salaries spent on taxable goods and services 26.0%
Estimated percent of machinery and equipment subject to sales tax 2.5%
The facility's construction project will result in the following taxable sales:
Table 23
Estimated Taxable Sales
Estimated
Taxable Estimated Estimated Estimated
Machinery Total Taxable Taxable
and Construction Total Taxable
Construction Worker
Year Equipment Sales
Materials Materials Spending
2024 $0 $23,400,000 $4,680,000 $7,697,071 $12,377,071
2025 $6,175,000 $338,400,000 $67,680,000 $111,311,491 $185,166,491

2026 $42,550,000 $1,025,400,000 $205,080,000 $337,289,607 $584,919,607
2027 $46,375,000 $1,705,800,000 $341,160,000 $561,096,754 $948,631,754
2028 $35,000,000 $574,200,000 $114,840,000 $188,874,286 $338,714,286
2029 $31,400,000 $36,600,000 $7,320,000 $12,039,009 $50,759,009
2030 $35,600,000 $36,600,000 $7,320,000 $12,039,009 $54,959,009
2031 $46,975,000 $36,600,000 $7,320,000 $12,039,009 $66,334,009
2032 $17,350,000 $36,600,000 $7,320,000 $12,039,009 $36,709,009
2033 $18,650,000 $36,600,000 $7,320,000 $12,039,009 $38,009,009
2034 $20,025,000 $36,600,000 $7,320,000 $12,039,009 $39,384,009
2035 $21,550,000 $36,600,000 $7,320,000 $12,039,009 $40,909,009
2036 $23,175,000 $36,600,000 $7,320,000 $12,039,009 $42,534,009
2037 $24,925,000 $36,600,000 $7,320,000 $12,039,009 $44,284,009

Estimated Taxable Sales
Estimated
Taxable Estimated Estimated Estimated
Machinery Total Taxable Taxable
and
Construction Construction Worker Total Taxable
Equipment
Year Materials Materials Spending Sales
2038 $26,800,000 $36,600,000 $7,320,000 $12,039,009 $46,159,009

2039 $28,825,000 $36,600,000 $7,320,000 $12,039,009 $48,184,009
2040 $30,975,000 $36,600,000 $7,320,000 $12,039,009 $50,334,009
2041 $33,254,375 $36,966,000 $7,393,200 $12,159,399 $52,806,974
2042 $35,703,609 $37,335,660 $7,467,132 $12,280,993 $55,451,734
2043 $38,335,415 $37,709,017 $7,541,803 $12,403,803 $58,281,021
2044 $41,163,457 $38,086,107 $7,617,221 $12,527,841 $61,308,520
2045 $44,202,425 $38,466,968 $7,693,394 $12,653,119 $64,548,938
2046 $47,468,108 $38,851,638 $7,770,328 $12,779,650 $68,018,086
2047 $50,977,479 $39,240,154 $7,848,031 $12,907,447 $71,732,957
2048 $54,748,785 $39,632,555 $7,926,511 $13,036,521 $75,711,818
2049 $58,801,639 $40,028,881 $8,005,776 $13,166,887 $79,974,302
2050 $63,157,124 $40,429,170 $8,085,834 $13,298,555 $84,541,513
2051 $67,837,905 $40,833,461 $8,166,692 $13,431,541 $89,436,138
2052 $72,868,344 $41,241,796 $8,248,359 $13,565,856 $94,682,559
2053 $78,274,631 $41,654,214 $8,330,843 $13,701,515 $100,306,988
2054 $84,084,918 $42,070,756 $8,414,151 $13,838,530 $106,337,599
2055 $90,329,469 $42,491,464 $8,498,293 $13,976,915 $112,804,677
2056 $97,040,816 $42,916,378 $8,583,276 $14,116,685 $119,740,777
2057 $104,253,930 $43,345,542 $8,669,108 $14,257,851 $127,180,890
2058 $112,006,404 $43,778,998 $8,755,800 $14,400,430 $135,162,634
2059 $120,338,650 $44,216,788 $8,843,358 $14,544,434 $143,726,442
2060 $129,294,108 $44,658,955 $8,931,791 $14,689,879 $152,915,777
2061 $138,919,476 $45,105,545 $9,021,109 $14,836,777 $162,777,363
2062 $149,264,955 $45,556,600 $9,111,320 $14,985,145 $173,361,420
2063 $160,384,508 $46,012,166 $9,202,433 $15,134,997 $184,721,938
2064 $172,336,144 $46,472,288 $9,294,458 $15,286,347 $196,916,949
Total $2,501,396,675 $5,103,501,102 $1,020,700,220 $1,678,718,434 $5,200,815,329

Sales Tax Collections
With a 6.25% sales tax, the state will collect the following sales tax on machinery and equipment, construction materials and construction
worker spending:
Table 24
Estimated Sales Tax Collections During Construction
On On On Taxable Total Sales

Taxable Construction Worker Tax
Year Spending Collections
Machinery & Materials
Equipment
2024 $0 $292,500 $481,067 $773,567

2025 $385,938 $4,230,000 $6,956,968 $11,572,906
2026 $2,659,375 $12,817,500 $21,080,600 $36,557,475
2027 $2,898,438 $21,322,500 $35,068,547 $59,289,485
2028 $2,187,500 $7,177,500 $11,804,643 $21,169,643
2029 $1,962,500 $457,500 $752,438 $3,172,438
2030 $2,225,000 $457,500 $752,438 $3,434,938
2031 $2,935,938 $457,500 $752,438 $4,145,876
2032 $1,084,375 $457,500 $752,438 $2,294,313
2033 $1,165,625 $457,500 $752,438 $2,375,563
2034 $1,251,563 $457,500 $752,438 $2,461,501
2035 $1,346,875 $457,500 $752,438 $2,556,813
2036 $1,448,438 $457,500 $752,438 $2,658,376
2037 $1,557,813 $457,500 $752,438 $2,767,751
2038 $1,675,000 $457,500 $752,438 $2,884,938
2039 $1,801,563 $457,500 $752,438 $3,011,501
2040 $1,935,938 $457,500 $752,438 $3,145,876
2041 $2,078,398 $462,075 $759,962 $3,300,436
2042 $2,231,476 $466,696 $767,562 $3,465,733
2043 $2,395,963 $471,363 $775,238 $3,642,564
2044 $2,572,716 $476,076 $782,990 $3,831,782
2045 $2,762,652 $480,837 $790,820 $4,034,309
2046 $2,966,757 $485,645 $798,728 $4,251,130
2047 $3,186,092 $490,502 $806,715 $4,483,310
2048 $3,421,799 $495,407 $814,783 $4,731,989
2049 $3,675,102 $500,361 $822,930 $4,998,394
2050 $3,947,320 $505,365 $831,160 $5,283,845
2051 $4,239,869 $510,418 $839,471 $5,589,759
2052 $4,554,271 $515,522 $847,866 $5,917,660
2053 $4,892,164 $520,678 $856,345 $6,269,187
2054 $5,255,307 $525,884 $864,908 $6,646,100
2055 $5,645,592 $531,143 $873,557 $7,050,292


Taxable Construction Worker Tax
Year Machinery & Materials Spending Collections
Equipment
2056 $6,065,051 $536,455 $882,293 $7,483,799

2057 $6,515,871 $541,819 $891,116 $7,948,806
2058 $7,000,400 $547,237 $900,027 $8,447,665
2059 $7,521,166 $552,710 $909,027 $8,982,903
2060 $8,080,882 $558,237 $918,117 $9,557,236
2061 $8,682,467 $563,819 $927,299 $10,173,585
2062 $9,329,060 $569,458 $936,572 $10,835,089
2063 $10,024,032 $575,152 $945,937 $11,545,121
2064 $10,771,009 $580,904 $955,397 $12,307,309
Total $156,337,292 $63,793,764 $104,919,902 $325,050,958
Taxable Margins Subject to Texas Franchise Tax

If direct, indirect and induced revenues during construction are revenues for organizations subject to Texas' franchise tax, their
taxable margins will be subject to the tax. If this is the case, and the estimated taxable margins of the construction companies and
indirect and induced companies are 10% of revenues, then construction on this project will result in the following taxable margins:
Table 25
Estimated Taxable Margins During Construction
Subject to Texas' Franchise Tax
On
Direct On
Indirect and Total
Revenues
Induced Taxable
During
Year Revenues Margins
Construction
2024 $3,900,000 $6,389,370 $10,289,370
2025 $56,400,000 $92,400,120 $148,800,120

2026 $170,900,000 $279,985,470 $450,885,470
2027 $284,300,000 $465,768,690 $750,068,690
2028 $95,700,000 $156,785,310 $252,485,310
2029 $6,100,000 $9,993,630 $16,093,630
2030 $6,100,000 $9,993,630 $16,093,630
2031 $6,100,000 $9,993,630 $16,093,630

Estimated Taxable Margins During Construction
Subject to Texas' Franchise Tax
On
Direct On
Revenues Indirect and Total
During Induced Taxable
Year Construction Revenues Margins
2032 $6,100,000 $9,993,630 $16,093,630

2033 $6,100,000 $9,993,630 $16,093,630
2034 $6,100,000 $9,993,630 $16,093,630
2035 $6,100,000 $9,993,630 $16,093,630
2036 $6,100,000 $9,993,630 $16,093,630
2037 $6,100,000 $9,993,630 $16,093,630
2038 $6,100,000 $9,993,630 $16,093,630
2039 $6,100,000 $9,993,630 $16,093,630
2040 $6,100,000 $9,993,630 $16,093,630
2041 $6,161,000 $10,093,566 $16,254,566
2042 $6,222,610 $10,194,502 $16,417,112
2043 $6,284,836 $10,296,447 $16,581,283
2044 $6,347,684 $10,399,411 $16,747,096
2045 $6,411,161 $10,503,406 $16,914,567
2046 $6,475,273 $10,608,440 $17,083,713
2047 $6,540,026 $10,714,524 $17,254,550
2048 $6,605,426 $10,821,669 $17,427,095
2049 $6,671,480 $10,929,886 $17,601,366
2050 $6,738,195 $11,039,185 $17,777,380
2051 $6,805,577 $11,149,577 $17,955,154
2052 $6,873,633 $11,261,072 $18,134,705
2053 $6,942,369 $11,373,683 $18,316,052
2054 $7,011,793 $11,487,420 $18,499,213
2055 $7,081,911 $11,602,294 $18,684,205
2056 $7,152,730 $11,718,317 $18,871,047
2057 $7,224,257 $11,835,500 $19,059,757
2058 $7,296,500 $11,953,855 $19,250,355
2059 $7,369,465 $12,073,394 $19,442,858
2060 $7,443,159 $12,194,128 $19,637,287
2061 $7,517,591 $12,316,069 $19,833,660
2062 $7,592,767 $12,439,230 $20,031,997
2063 $7,668,694 $12,563,622 $20,232,316
2064 $7,745,381 $12,689,258 $20,434,640
Total $850,583,517 $1,393,510,976 $2,244,094,493

Franchise Tax Collections
Texas franchise tax is a tax on “taxable margin,” which is a concept similar to taxable income. Generally, an entity’s taxable margin
is its revenue less either its cost of goods sold or its compensation
expense, but not both. If 70% of the entity’s revenue is less than either of these calculations, then 70% of revenue is the taxable
margin. Taxable margin must then be apportioned to business done in Texas, measured by the ratio of gross receipts from business
done in Texas to gross receipts from business done everywhere. The tax rate is then applied to the apportioned margin. A rate of
.375% is used for taxable entities primarily engaged in retail or wholesale trade, and a .75% rate is used for all other entities.
The estimated franchise tax to be collected by the state from construction companies and indirect and induced businesses is shown
below.
Table 26
Estimated Franchise Tax
Collections During Construction
Franchise
Total Taxable Tax
Year Margins
Collections
2024 $10,289,370 $77,170
2025 $148,800,120 $1,116,001

2026 $450,885,470 $3,381,641
2027 $750,068,690 $5,625,515
2028 $252,485,310 $1,893,640
2029 $16,093,630 $120,702
2030 $16,093,630 $120,702
2031 $16,093,630 $120,702
2032 $16,093,630 $120,702
2033 $16,093,630 $120,702
2034 $16,093,630 $120,702
2035 $16,093,630 $120,702
2036 $16,093,630 $120,702
2037 $16,093,630 $120,702
2038 $16,093,630 $120,702
2039 $16,093,630 $120,702
2040 $16,093,630 $120,702
2041 $16,254,566 $121,909
2042 $16,417,112 $123,128
2043 $16,581,283 $124,360
2044 $16,747,096 $125,603
2045 $16,914,567 $126,859
2046 $17,083,713 $128,128

Estimated Franchise
Tax
Collections During Construction
Franchise
Total Taxable Tax
Year Margins Collections
2047 $17,254,550 $129,409

2048 $17,427,095 $130,703
2049 $17,601,366 $132,010
2050 $17,777,380 $133,330
2051 $17,955,154 $134,664
2052 $18,134,705 $136,010
2053 $18,316,052 $137,370
2054 $18,499,213 $138,744
2055 $18,684,205 $140,132
2056 $18,871,047 $141,533
2057 $19,059,757 $142,948
2058 $19,250,355 $144,378
2059 $19,442,858 $145,821
2060 $19,637,287 $147,280
2061 $19,833,660 $148,752
2062 $20,031,997 $150,240
2063 $20,232,316 $151,742
2064 $20,434,640 $153,260
Total $2,244,094,493 $16,830,709

Other Taxes and Revenues from Workers
During the facility's construction, other taxes -- in addition to sales and franchise taxes -- will be collected for the State's general fund.
The estimated annual collections from each worker of these other taxes during construction are the following:
Table 27
Other Revenues for the State from Each Worker
During Construction
Gasoline taxes $38

Motor vehicle sales and use taxes $438
Cigarette and tobacco taxes $110
Alcohol beverage taxes $185
Net lottery proceeds $302
Total $1,072
Other taxes and revenues from workers for the State during construction will be the following:
Table 28
Other Revenues for the State from Workers During Construction
Motor Vehicle Alcoholic Total

Gasoline Sales Cigarette and Beverag Net Lottery Other
Year Taxes and Use Tobacco e Proceed Taxes &
Taxes
Taxes Taxes s Revenues
2024 $14,234 $166,067 $41,754 $70,223 $114,634 $406,913

2025 $212,026 $2,473,638 $621,943 $1,045,996 $1,707,517 $6,061,120
2026 $661,743 $7,720,338 $1,941,114 $3,264,600 $5,329,239 $18,917,035
2027 $1,133,866 $13,228,432 $3,326,006 $5,593,737 $9,131,397 $32,413,437
2028 $393,128 $4,586,492 $1,153,175 $1,939,431 $3,165,990 $11,238,216
2029 $25,810 $301,117 $75,710 $127,330 $207,857 $737,824
2030 $26,584 $310,151 $77,981 $131,150 $214,093 $759,958
2031 $27,382 $319,455 $80,320 $135,084 $220,515 $782,757
2032 $28,203 $329,039 $82,730 $139,137 $227,131 $806,240
2033 $29,049 $338,910 $85,212 $143,311 $233,945 $830,427
2034 $29,921 $349,078 $87,768 $147,610 $240,963 $855,340
2035 $30,819 $359,550 $90,401 $152,038 $248,192 $881,000
2036 $31,743 $370,336 $93,113 $156,599 $255,638 $907,430
2037 $32,695 $381,446 $95,907 $161,297 $263,307 $934,653
2038 $33,676 $392,890 $98,784 $166,136 $271,206 $962,692
2039 $34,687 $404,677 $101,747 $171,120 $279,342 $991,573
2040 $35,727 $416,817 $104,800 $176,254 $287,723 $1,021,320
2041 $37,167 $433,615 $109,023 $183,357 $299,318 $1,062,480
2042 $38,665 $451,089 $113,417 $190,746 $311,380 $1,105,297

Other Revenues for the State from Workers During Construction

Gasoline Sales Cigarette and Beverag Net Lottery Other
Year Taxes and Use e
Tobacco Proceed Taxes &
Taxes
2043 $40,223 $469,268 $117,987 $198,433 $323,929 $1,149,841

2044 $41,844 $488,180 $122,742 $206,430 $336,983 $1,196,180
2045 $43,530 $507,853 $127,689 $214,749 $350,564 $1,244,386
2046 $45,285 $528,320 $132,835 $223,404 $364,692 $1,294,534
2047 $47,110 $549,611 $138,188 $232,407 $379,389 $1,346,704
2048 $49,008 $571,760 $143,757 $241,773 $394,678 $1,400,976
2049 $50,983 $594,802 $149,550 $251,516 $410,584 $1,457,436
2050 $53,038 $618,773 $155,577 $261,653 $427,130 $1,516,170
2051 $55,175 $643,709 $161,847 $272,197 $444,343 $1,577,272
2052 $57,399 $669,651 $168,369 $283,167 $462,250 $1,640,836
2053 $59,712 $696,638 $175,155 $294,578 $480,879 $1,706,962
2054 $62,118 $724,712 $182,213 $306,450 $500,259 $1,775,752
2055 $64,622 $753,918 $189,557 $318,800 $520,419 $1,847,315
2056 $67,226 $784,301 $197,196 $331,647 $541,392 $1,921,762
2057 $69,935 $815,908 $205,143 $345,013 $563,210 $1,999,209
2058 $72,753 $848,790 $213,410 $358,917 $585,907 $2,079,777
2059 $75,685 $882,996 $222,010 $373,381 $609,519 $2,163,592
2060 $78,735 $918,581 $230,957 $388,428 $634,083 $2,250,785
2061 $81,909 $955,599 $240,265 $404,082 $659,637 $2,341,491
2062 $85,209 $994,110 $249,948 $420,366 $686,220 $2,435,853
2063 $88,643 $1,034,173 $260,021 $437,307 $713,875 $2,534,018
2064 $92,216 $1,075,850 $270,499 $454,931 $742,644 $2,636,139
Total $4,239,483 $49,460,641 $12,435,818 $20,914,785 $34,141,974 $121,192,701

Summary of General Fund Revenues for the State During Construction
During the facility's construction project, the State will receive the following revenues for its general fund:
Table 29
General Fund Revenues for the State During Construction
Franchise
Sales Tax Tax Other Taxes Total
Year
Collections Collections and Revenues Revenues
2024 $773,567 $77,170 $406,913 $1,257,650
2025 $11,572,906 $1,116,001 $6,061,120 $18,750,027

2026 $36,557,475 $3,381,641 $18,917,035 $58,856,151
2027 $59,289,485 $5,625,515 $32,413,437 $97,328,437
2028 $21,169,643 $1,893,640 $11,238,216 $34,301,499
2029 $3,172,438 $120,702 $737,824 $4,030,964
2030 $3,434,938 $120,702 $759,958 $4,315,599
2031 $4,145,876 $120,702 $782,757 $5,049,335
2032 $2,294,313 $120,702 $806,240 $3,221,255
2033 $2,375,563 $120,702 $830,427 $3,326,692
2034 $2,461,501 $120,702 $855,340 $3,437,542
2035 $2,556,813 $120,702 $881,000 $3,558,515
2036 $2,658,376 $120,702 $907,430 $3,686,508
2037 $2,767,751 $120,702 $934,653 $3,823,106
2038 $2,884,938 $120,702 $962,692 $3,968,333
2039 $3,011,501 $120,702 $991,573 $4,123,776
2040 $3,145,876 $120,702 $1,021,320 $4,287,898
2041 $3,300,436 $121,909 $1,062,480 $4,484,825
2042 $3,465,733 $123,128 $1,105,297 $4,694,159
2043 $3,642,564 $124,360 $1,149,841 $4,916,764
2044 $3,831,782 $125,603 $1,196,180 $5,153,565
2045 $4,034,309 $126,859 $1,244,386 $5,405,553
2046 $4,251,130 $128,128 $1,294,534 $5,673,793
2047 $4,483,310 $129,409 $1,346,704 $5,959,423
2048 $4,731,989 $130,703 $1,400,976 $6,263,668
2049 $4,998,394 $132,010 $1,457,436 $6,587,840
2050 $5,283,845 $133,330 $1,516,170 $6,933,345
2051 $5,589,759 $134,664 $1,577,272 $7,301,694
2052 $5,917,660 $136,010 $1,640,836 $7,694,506
2053 $6,269,187 $137,370 $1,706,962 $8,113,519
2054 $6,646,100 $138,744 $1,775,752 $8,560,596
2055 $7,050,292 $140,132 $1,847,315 $9,037,739
2056 $7,483,799 $141,533 $1,921,762 $9,547,093

General Fund Revenues for the State During Construction
Franchise
Sales Tax Tax Other Taxes Total
Year Collections Collections and Revenues Revenues
2057 $7,948,806 $142,948 $1,999,209 $10,090,963

2058 $8,447,665 $144,378 $2,079,777 $10,671,819
2059 $8,982,903 $145,821 $2,163,592 $11,292,316
2060 $9,557,236 $147,280 $2,250,785 $11,955,300
2061 $10,173,585 $148,752 $2,341,491 $12,663,829
2062 $10,835,089 $150,240 $2,435,853 $13,421,182
2063 $11,545,121 $151,742 $2,534,018 $14,230,882
2064 $12,307,309 $153,260 $2,636,139 $15,096,708
Total $325,050,958 $16,830,709 $121,192,701 $463,074,368

State of Texas Economic Impacts During the Facility's Operations
The facility's estimated annual revenues during the first 41 years are shown below:
Table 30
Facility's Estimated Annual Operating Revenues
Total Operating
Revenues
2024 Year 1 $0
2025 Year 2 $0
2026 Year 3 $0
2027 Year 4 $25,000,000
2028 Year 5 $50,000,000
2029 Year 6 $2,930,000,000
2030 Year 7 $6,416,000,000
2031 Year 8 $8,745,000,000
2032 Year 9 $10,917,000,000
2033 Year 10 $10,591,000,000
2034 Year 11 $10,325,000,000
2035 Year 12 $11,298,000,000
2036 Year 13 $10,960,000,000
2037 Year 14 $10,683,000,000
2038 Year 15 $11,691,000,000
2039 Year 16 $11,342,000,000
2040 Year 17 $11,053,000,000
2041 Year 18 $12,095,911,542
2042 Year 19 $11,734,824,113
2043 Year 20 $11,435,814,752
2044 Year 21 $12,514,846,978
2045 Year 22 $12,141,253,480
2046 Year 23 $11,831,888,089
2047 Year 24 $12,948,292,020
2048 Year 25 $12,561,759,310
2049 Year 26 $12,241,679,215
2050 Year 27 $13,396,749,200
2051 Year 28 $12,996,829,135
2052 Year 29 $12,608,847,494
2053 Year 30 $12,287,567,568
2054 Year 31 $13,446,967,372
2055 Year 32 $13,045,548,194
2056 Year 33 $12,713,140,909
2057 Year 34 $13,912,695,906
7DEOHFRQWLQXHGRQWKHQH[WSDJH

Facility's Estimated Annual Operating Revenues
Total Operating
Revenues

2058 Year 35 $13,497,373,789
2059 Year 36 $13,094,449,877
2060 Year 37 $12,760,796,552
2061 Year 38 $13,964,848,122
2062 Year 39 $13,547,969,156
2063 Year 40 $13,202,759,926
2064 Year 41 $14,448,513,179

Total $425,457,325,876
Economic Output During Operations

The facility's annual operating revenues will result in the following direct, indirect and induced output:
Table 31
Output During Operations
Direct Indirect and

Operations Induced Total
Year Output
Output Output
2024 $0 $0 $0
2025 $0 $0 $0
2026 $0 $0 $0
2027 $25,000,000 $23,892,500 $48,892,500
2028 $50,000,000 $47,785,000 $97,785,000
2029 $2,930,000,000 $2,800,201,000 $5,730,201,000
2030 $6,416,000,000 $6,131,771,200 $12,547,771,200
2031 $8,745,000,000 $8,357,596,500 $17,102,596,500
2032 $10,917,000,000 $10,433,376,900 $21,350,376,900
2033 $10,591,000,000 $10,121,818,700 $20,712,818,700
2034 $10,325,000,000 $9,867,602,500 $20,192,602,500
2035 $11,298,000,000 $10,797,498,600 $22,095,498,600
2036 $10,960,000,000 $10,474,472,000 $21,434,472,000
2037 $10,683,000,000 $10,209,743,100 $20,892,743,100
2038 $11,691,000,000 $11,173,088,700 $22,864,088,700
2039 $11,342,000,000 $10,839,549,400 $22,181,549,400
2040 $11,053,000,000 $10,563,352,100 $21,616,352,100
2041 $12,095,911,542 $11,560,062,660 $23,655,974,202

Output During Operations

Direct Indirect and

Output
Year Output Output

2042 $11,734,824,113 $11,214,971,405 $22,949,795,518
2043 $11,435,814,752 $10,929,208,159 $22,365,022,911
2044 $12,514,846,978 $11,960,439,257 $24,475,286,236
2045 $12,141,253,480 $11,603,395,950 $23,744,649,430
2046 $11,831,888,089 $11,307,735,447 $23,139,623,536
2047 $12,948,292,020 $12,374,682,684 $25,322,974,704
2048 $12,561,759,310 $12,005,273,373 $24,567,032,683
2049 $12,241,679,215 $11,699,372,826 $23,941,052,040
2050 $13,396,749,200 $12,803,273,210 $26,200,022,410
2051 $12,996,829,135 $12,421,069,605 $25,417,898,740
2052 $12,608,847,494 $12,050,275,550 $24,659,123,044
2053 $12,287,567,568 $11,743,228,324 $24,030,795,892
2054 $13,446,967,372 $12,851,266,717 $26,298,234,089
2055 $13,045,548,194 $12,467,630,409 $25,513,178,602
2056 $12,713,140,909 $12,149,948,766 $24,863,089,675
2057 $13,912,695,906 $13,296,363,477 $27,209,059,383
2058 $13,497,373,789 $12,899,440,130 $26,396,813,919
2059 $13,094,449,877 $12,514,365,747 $25,608,815,624
2060 $12,760,796,552 $12,195,493,265 $24,956,289,816
2061 $13,964,848,122 $13,346,205,350 $27,311,053,472
2062 $13,547,969,156 $12,947,794,122 $26,495,763,278
2063 $13,202,759,926 $12,617,877,661 $25,820,637,587
2064 $14,448,513,179 $13,808,444,045 $28,256,957,224

Total $425,457,325,876 $406,609,566,340 $832,066,892,216

Employment during Operations
The facility expects to have the following number of new jobs:
Table 32
Number of Jobs to be Created
Number of Cumulative
New Number of
Year Jobs
New Jobs
to be Created
2024 5 5
2025 45 50
2026 150 200
2027 200 400
2028 200 600
2029 200 800
2030 200 1,000
2031 200 1,200
2032 200 1,400
2033 200 1,600
2034 215 1,815
2035 185 2,000
2036 0 2,000
Total 2,000
Therefore, the following number of direct, indirect and induced jobs will be supported during the facility's operations:
Table 33
Direct, Indirect & Induced Employment During Operations
Direct Indirect and

Year
Employment Employment Employment
2024 5 13 18
2025 50 133 183
2026 200 530 730
2027 400 1,060 1,460
2028 600 1,591 2,191
2029 800 2,121 2,921
2030 1,000 2,651 3,651

Direct, Indirect & Induced Employment During Operations

Direct Indirect and

2031 1,200 3,181 4,381
2032 1,400 3,711 5,111
2033 1,600 4,241 5,841
2034 1,815 4,811 6,626
2035 2,000 5,302 7,302
2036 2,000 5,302 7,302
2037 2,000 5,302 7,302
2038 2,000 5,302 7,302
2039 2,000 5,302 7,302
2040 2,000 5,302 7,302
2041 2,000 5,302 7,302
2042 2,000 5,302 7,302
2043 2,000 5,302 7,302
2044 2,000 5,302 7,302
2045 2,000 5,302 7,302
2046 2,000 5,302 7,302
2047 2,000 5,302 7,302
2048 2,000 5,302 7,302
2049 2,000 5,302 7,302
2050 2,000 5,302 7,302
2051 2,000 5,302 7,302
2052 2,000 5,302 7,302
2053 2,000 5,302 7,302
2054 2,000 5,302 7,302
2055 2,000 5,302 7,302
2056 2,000 5,302 7,302
2057 2,000 5,302 7,302
2058 2,000 5,302 7,302
2059 2,000 5,302 7,302
2060 2,000 5,302 7,302
2061 2,000 5,302 7,302
2062 2,000 5,302 7,302
2063 2,000 5,302 7,302
2064 2,000 5,302 7,302

The estimated annual payroll at the facility will be the following:
Table 34
Estimated Annual Payroll
Percent of annual increase 3.5%
$YHUDJH
$QQXDO Annual
Year 6DODULHV Payroll
Year 1 2024 $550,000

Year 2 2025 $5,692,500
Year 3 2026 $23,566,950
Year 4 2027 $48,783,587
Year 5 2028 $75,736,518
Year 6 2029 $104,516,395
Year 7 2030 $135,218,086
Year 8 2031 $167,940,863
Year 9 2032 $202,788,592
Year 10 2033 $239,869,934
Year 11 2034 $281,626,043
Year 12 2035 $321,193,338
Year 13 2036 $332,435,105
Year 14 2037 $344,070,333
Year 15 2038 $356,112,795
Year 16 2039 $368,576,743
Year 17 2040 $381,476,929
Year 18 2041 $394,828,621
Year 19 2042 $408,647,623
Year 20 2043 $422,950,290
Year 21 2044 $437,753,550
Year 22 2045 $453,074,924
Year 23 2046 $468,932,547
Year 24 2047 $485,345,186
Year 25 2048 $502,332,267
Year 26 2049 $519,913,897
Year 27 2050 $538,110,883
Year 28 2051 $556,944,764
Year 29 2052 $576,437,831
Year 30 2053 $596,613,155
Year 31 2054 $617,494,615
Year 32 2055 $639,106,927
Year 33 2056 $661,475,669

Estimated Annual Payroll

$YHUDJH

$QQXDO Annual
Year 6DODULHV Payroll

Year 34 2057 $684,627,317
Year 35 2058 $708,589,274
Year 36 2059 $733,389,898
Year 37 2060 $759,058,545
Year 38 2061 $785,625,594
Year 39 2062 $813,122,489
Year 40 2063 $841,581,776
Year 41 2064 $871,037,139

The direct, indirect and induced payrolls during the facility's operations will be the following:
Table 35
Direct, Indirect and Induced Payroll During Operations
Direct Indirect and

2024 $550,000 $482,625 $1,032,625
2025 $5,692,500 $4,995,169 $10,687,669

2026 $23,566,950 $20,679,999 $44,246,949
2027 $48,783,587 $42,807,597 $91,591,184
2028 $75,736,518 $66,458,795 $142,195,313
2029 $104,516,395 $91,713,137 $196,229,531
2030 $135,218,086 $118,653,870 $253,871,956
2031 $167,940,863 $147,368,107 $315,308,970
2032 $202,788,592 $177,946,989 $380,735,581
2033 $239,869,934 $210,485,867 $450,355,801
2034 $281,626,043 $247,126,852 $528,752,895
2035 $321,193,338 $281,847,154 $603,040,492
2036 $332,435,105 $291,711,804 $624,146,909
2037 $344,070,333 $301,921,717 $645,992,051
2038 $356,112,795 $312,488,978 $668,601,773
2039 $368,576,743 $323,426,092 $692,002,835
2040 $381,476,929 $334,746,005 $716,222,934
2041 $394,828,621 $346,462,115 $741,290,736
2042 $408,647,623 $358,588,289 $767,235,912

Direct, Indirect and Induced Payroll During Operations

Direct Indirect and



2043 $422,950,290 $371,138,879 $794,089,169
2044 $437,753,550 $384,128,740 $821,882,290
2045 $453,074,924 $397,573,246 $850,648,170
2046 $468,932,547 $411,488,310 $880,420,856
2047 $485,345,186 $425,890,400 $911,235,586
2048 $502,332,267 $440,796,564 $943,128,832
2049 $519,913,897 $456,224,444 $976,138,341
2050 $538,110,883 $472,192,300 $1,010,303,183
2051 $556,944,764 $488,719,030 $1,045,663,794
2052 $576,437,831 $505,824,196 $1,082,262,027
2053 $596,613,155 $523,528,043 $1,120,141,198
2054 $617,494,615 $541,851,525 $1,159,346,140
2055 $639,106,927 $560,816,328 $1,199,923,255
2056 $661,475,669 $580,444,900 $1,241,920,569
2057 $684,627,317 $600,760,471 $1,285,387,788
2058 $708,589,274 $621,787,088 $1,330,376,361
2059 $733,389,898 $643,549,636 $1,376,939,534
2060 $759,058,545 $666,073,873 $1,425,132,417
2061 $785,625,594 $689,386,458 $1,475,012,052
2062 $813,122,489 $713,514,984 $1,526,637,474
2063 $841,581,776 $738,488,009 $1,580,069,785
2064 $871,037,139 $764,335,089 $1,635,372,228

Total $17,867,149,487 $15,678,423,675 $33,545,573,162

State of Texas Fiscal Impacts During the Facility's Operations
Taxable Sales on Direct and Indirect Worker Spending
An estimated 26% of the gross salaries of direct and indirect workers will be spent on taxable goods and services. If this is the case,
worker spending will result in taxable sales, as shown below.
Table 36
Taxable Spending by Direct and Indirect Workers
Workers'
Taxable
Year Worker Salaries
Spending
2024 $1,032,625 $268,483
2025 $10,687,669 $2,778,794

2026 $44,246,949 $11,504,207
2027 $91,591,184 $23,813,708
2028 $142,195,313 $36,970,781
2029 $196,229,531 $51,019,678
2030 $253,871,956 $66,006,709
2031 $315,308,970 $81,980,332
2032 $380,735,581 $98,991,251
2033 $450,355,801 $117,092,508
2034 $528,752,895 $137,475,753
2035 $603,040,492 $156,790,528
2036 $624,146,909 $162,278,196
2037 $645,992,051 $167,957,933
2038 $668,601,773 $173,836,461
2039 $692,002,835 $179,920,737
2040 $716,222,934 $186,217,963
2041 $741,290,736 $192,735,591
2042 $767,235,912 $199,481,337
2043 $794,089,169 $206,463,184
2044 $821,882,290 $213,689,395
2045 $850,648,170 $221,168,524
2046 $880,420,856 $228,909,423
2047 $911,235,586 $236,921,252
2048 $943,128,832 $245,213,496
2049 $976,138,341 $253,795,969
2050 $1,010,303,183 $262,678,827
2051 $1,045,663,794 $271,872,586
2052 $1,082,262,027 $281,388,127
2053 $1,120,141,198 $291,236,711

Taxable Spending by Direct and Indirect Workers

Workers'
Taxable
Year Worker Salaries Spending

2054 $1,159,346,140 $301,429,996
2055 $1,199,923,255 $311,980,046
2056 $1,241,920,569 $322,899,348
2057 $1,285,387,788 $334,200,825
2058 $1,330,376,361 $345,897,854
2059 $1,376,939,534 $358,004,279
2060 $1,425,132,417 $370,534,429
2061 $1,475,012,052 $383,503,134
2062 $1,526,637,474 $396,925,743
2063 $1,580,069,785 $410,818,144
2064 $1,635,372,228 $425,196,779

Total $33,545,573,162 $8,721,849,022

The Facility's Taxable Sales
The facility does not expect to have any sales subject to Texas sales tax.

Taxable Spending by the Facility and Indirect and Induced Companies
The facility's estimated taxable spending is shown below along with 2.5% of operating expenditures of indirect and induced companies
which may be spent on taxable goods and services. If this is the case, the following taxable spending can be expected from the
companies:
Table 37
Taxable Spending by the Facility and Indirect Companies
Estimate
d Taxable Total
The Facility and
Spending by
Facility's Companies'
Indirect and
Taxable
Estimate Induced
Year Spending
d Taxable Companies
Spending
2024 $0 $0 $0
2025 $0 $0 $0
2026 $0 $0 $0
2027 $625,000 $597,313 $1,222,313
2028 $1,250,000 $1,194,625 $2,444,625
2029 $73,250,000 $70,005,025 $143,255,025
2030 $160,400,000 $153,294,280 $313,694,280
2031 $218,625,000 $208,939,913 $427,564,913
2032 $272,925,000 $260,834,423 $533,759,423
2033 $264,775,000 $253,045,468 $517,820,468
2034 $258,125,000 $246,690,063 $504,815,063
2035 $282,450,000 $269,937,465 $552,387,465
2036 $274,000,000 $261,861,800 $535,861,800
2037 $267,075,000 $255,243,578 $522,318,578
2038 $292,275,000 $279,327,218 $571,602,218
2039 $283,550,000 $270,988,735 $554,538,735
2040 $276,325,000 $264,083,803 $540,408,803
2041 $302,397,789 $289,001,567 $591,399,355
2042 $293,370,603 $280,374,285 $573,744,888
2043 $285,895,369 $273,230,204 $559,125,573
2044 $312,871,174 $299,010,981 $611,882,156
2045 $303,531,337 $290,084,899 $593,616,236
2046 $295,797,202 $282,693,386 $578,490,588
2047 $323,707,301 $309,367,067 $633,074,368
2048 $314,043,983 $300,131,834 $614,175,817
2049 $306,041,980 $292,484,321 $598,526,301
2050 $334,918,730 $320,081,830 $655,000,560
2051 $324,920,728 $310,526,740 $635,447,469

Taxable Spending by the Facility and Indirect Companies

Estimate
d Taxable Total
The Spending by Facility and
Facility's Indirect and
Companies'
Taxable
Estimate Induced
Spending
Year d Taxable Companies
Spending

2052 $315,221,187 $301,256,889 $616,478,076
2053 $307,189,189 $293,580,708 $600,769,897
2054 $336,174,184 $321,281,668 $657,455,852
2055 $326,138,705 $311,690,760 $637,829,465
2056 $317,828,523 $303,748,719 $621,577,242
2057 $347,817,398 $332,409,087 $680,226,485
2058 $337,434,345 $322,486,003 $659,920,348
2059 $327,361,247 $312,859,144 $640,220,391
2060 $319,019,914 $304,887,332 $623,907,245
2061 $349,121,203 $333,655,134 $682,776,337
2062 $338,699,229 $323,694,853 $662,394,082
2063 $330,068,998 $315,446,942 $645,515,940
2064 $361,212,829 $345,211,101 $706,423,931

Total $10,636,433,147 $10,165,239,158 $20,801,672,305

Taxable Spending by Out-of-Town Visitors to the Facility
The table below summarizes the firm's expected number of out-of-town visitors to its facility along with the estimated number of
days and typical spending:
Table 38
Spending by Visitors
Average Average Daily Visitor Average Average Visitor

Number of Taxable Taxable Number of Nightly Spending
Days Spent Spending Spending Nights Spent Room Rate on Lodging
Number of Visiting the in the in the in a Local in a Local in the
Year Visitors Facility Community Community Hotel Hotel Community
2024 1,475 4 $175 $1,032,500 4 $200 $1,180,000

2025 1,519 4 $179 $1,084,745 4 $204 $1,239,708
2026 1,565 4 $182 $1,139,633 4 $208 $1,302,437
2027 1,612 4 $186 $1,197,298 4 $212 $1,368,341
2028 1,660 4 $189 $1,257,881 4 $216 $1,437,579
2029 1,710 4 $193 $1,321,530 4 $221 $1,510,320
2030 1,761 4 $197 $1,388,399 4 $225 $1,586,742
2031 1,814 4 $201 $1,458,652 4 $230 $1,667,031
2032 1,868 4 $205 $1,532,460 4 $234 $1,751,383
2033 1,925 4 $209 $1,610,003 4 $239 $1,840,003
2034 1,982 4 $213 $1,691,469 4 $244 $1,933,107
2035 2,042 4 $218 $1,777,057 4 $249 $2,030,923
2036 2,103 4 $222 $1,866,976 4 $254 $2,133,687
2037 2,166 4 $226 $1,961,445 4 $259 $2,241,652
2038 2,231 4 $231 $2,060,694 4 $264 $2,355,079
2039 2,298 4 $236 $2,164,966 4 $269 $2,474,246
2040 2,367 4 $240 $2,274,513 4 $275 $2,599,443
2041 2,438 4 $245 $2,389,603 4 $280 $2,730,975
2042 2,511 4 $250 $2,510,517 4 $286 $2,869,162
2043 2,586 4 $255 $2,637,549 4 $291 $3,014,342
2044 2,664 4 $260 $2,771,009 4 $297 $3,166,868
2045 2,744 4 $265 $2,911,222 4 $303 $3,327,111
2046 2,826 4 $271 $3,058,530 4 $309 $3,495,463
2047 2,911 4 $276 $3,213,292 4 $315 $3,672,334
2048 2,998 4 $281 $3,375,884 4 $322 $3,858,154
2049 3,088 4 $287 $3,546,704 4 $328 $4,053,376
2050 3,181 4 $293 $3,726,167 4 $335 $4,258,477
2051 3,276 4 $299 $3,914,712 4 $341 $4,473,956
2052 3,375 4 $305 $4,112,796 4 $348 $4,700,338
2053 3,476 4 $311 $4,320,903 4 $355 $4,938,175
2054 3,580 4 $317 $4,539,541 4 $362 $5,188,047
2055 3,688 4 $323 $4,769,242 4 $370 $5,450,562
2056 3,798 4 $330 $5,010,566 4 $377 $5,726,361

Spending by Visitors
Average Average Daily Visitor Average Average Visitor

Number of Taxable Taxable Number of Nightly Spending
Days Spent Spending Spending Nights Spent Room Rate on Lodging
Number of Visiting the in the in the in a Local in a Local in the
Year Visitors Facility Community Community Hotel Hotel Community

2057 3,912 4 $336 $5,264,100 4 $384 $6,016,114
2058 4,030 4 $343 $5,530,464 4 $392 $6,320,530
2059 4,150 4 $350 $5,810,305 4 $400 $6,640,349
2060 4,275 4 $357 $6,104,307 4 $408 $6,976,350
2061 4,403 4 $364 $6,413,184 4 $416 $7,329,354
2062 4,535 4 $371 $6,737,692 4 $424 $7,700,219
2063 4,671 4 $379 $7,078,619 4 $433 $8,089,850
2064 4,812 4 $386 $7,436,797 4 $442 $8,499,196

Total 116,028 $134,003,929 $153,147,347
$YHUDJHDQQXDOLQFUHDVHLQGDLO\WD[DEOHVSHQGLQJLQWKHFRPPXQLW\
$YHUDJHDQQXDOLQFUHDVHLQQLJKWO\URRPUDWH

Total Taxable Sales
Taxable spending by workers and spending by the facility and related indirect and induced companies will result in the following
total taxable sales:
Table 39
Estimated Total Taxable Sales
The Facility and

Indirect Taxabl
Workers' Companies' e Spending by
Taxable The Facility's Taxable Total Taxable
Visitors in The
Year Sales
Spending Taxable Sales Spending Community
2024 $268,483 $0 $0 $1,032,500 $1,300,983
2025 $2,778,794 $0 $0 $1,084,745 $3,863,538

2026 $11,504,207 $0 $0 $1,139,633 $12,643,839
2027 $23,813,708 $0 $1,222,313 $1,197,298 $26,233,318
2028 $36,970,781 $0 $2,444,625 $1,257,881 $40,673,288
2029 $51,019,678 $0 $143,255,025 $1,321,530 $195,596,233
2030 $66,006,709 $0 $313,694,280 $1,388,399 $381,089,388
2031 $81,980,332 $0 $427,564,913 $1,458,652 $511,003,897
2032 $98,991,251 $0 $533,759,423 $1,532,460 $634,283,134

Estimated Total Taxable Sales

The Facility and
Indirect Taxabl
Companies'
Workers' e Spending by
Taxable
Taxable The Facility's Visitors in The Total Taxable
Spending
Year Spending Taxable Sales Community Sales

2033 $117,092,508 $0 $517,820,468 $1,610,003 $636,522,979
2034 $137,475,753 $0 $504,815,063 $1,691,469 $643,982,284
2035 $156,790,528 $0 $552,387,465 $1,777,057 $710,955,050
2036 $162,278,196 $0 $535,861,800 $1,866,976 $700,006,973
2037 $167,957,933 $0 $522,318,578 $1,961,445 $692,237,956
2038 $173,836,461 $0 $571,602,218 $2,060,694 $747,499,373
2039 $179,920,737 $0 $554,538,735 $2,164,966 $736,624,438
2040 $186,217,963 $0 $540,408,803 $2,274,513 $728,901,278
2041 $192,735,591 $0 $591,399,355 $2,389,603 $786,524,550
2042 $199,481,337 $0 $573,744,888 $2,510,517 $775,736,742
2043 $206,463,184 $0 $559,125,573 $2,637,549 $768,226,306
2044 $213,689,395 $0 $611,882,156 $2,771,009 $828,342,561
2045 $221,168,524 $0 $593,616,236 $2,911,222 $817,695,982
2046 $228,909,423 $0 $578,490,588 $3,058,530 $810,458,541
2047 $236,921,252 $0 $633,074,368 $3,213,292 $873,208,912
2048 $245,213,496 $0 $614,175,817 $3,375,884 $862,765,198
2049 $253,795,969 $0 $598,526,301 $3,546,704 $855,868,974
2050 $262,678,827 $0 $655,000,560 $3,726,167 $921,405,555
2051 $271,872,586 $0 $635,447,469 $3,914,712 $911,234,766
2052 $281,388,127 $0 $616,478,076 $4,112,796 $901,978,999
2053 $291,236,711 $0 $600,769,897 $4,320,903 $896,327,512
2054 $301,429,996 $0 $657,455,852 $4,539,541 $963,425,390
2055 $311,980,046 $0 $637,829,465 $4,769,242 $954,578,753
2056 $322,899,348 $0 $621,577,242 $5,010,566 $949,487,155
2057 $334,200,825 $0 $680,226,485 $5,264,100 $1,019,691,410
2058 $345,897,854 $0 $659,920,348 $5,530,464 $1,011,348,665
2059 $358,004,279 $0 $640,220,391 $5,810,305 $1,004,034,974
2060 $370,534,429 $0 $623,907,245 $6,104,307 $1,000,545,980
2061 $383,503,134 $0 $682,776,337 $6,413,184 $1,072,692,655
2062 $396,925,743 $0 $662,394,082 $6,737,692 $1,066,057,517
2063 $410,818,144 $0 $645,515,940 $7,078,619 $1,063,412,703
2064 $425,196,779 $0 $706,423,931 $7,436,797 $1,139,057,507

Total $8,721,849,022 $0 $20,801,672,305 $134,003,929 $29,657,525,256

With a 6.25% sales tax, the state will collect the following sales tax on the spending of workers, companies and visitors:
Table 40
Estimated Sales Tax Collections During Operations
On
On On On Total Sales
Taxable
Workers' The Facility's Taxable Spending of Tax
Year Collections
Spending Taxable Companies' Visitors in the
Sales Spending Community
2024 $16,780 $0 $0 $64,531 $81,311
2025 $173,675 $0 $0 $67,797 $241,471

2026 $719,013 $0 $0 $71,227 $790,240
2027 $1,488,357 $0 $76,395 $74,831 $1,639,582
2028 $2,310,674 $0 $152,789 $78,618 $2,542,080
2029 $3,188,730 $0 $8,953,439 $82,596 $12,224,765
2030 $4,125,419 $0 $19,605,893 $86,775 $23,818,087
2031 $5,123,771 $0 $26,722,807 $91,166 $31,937,744
2032 $6,186,953 $0 $33,359,964 $95,779 $39,642,696
2033 $7,318,282 $0 $32,363,779 $100,625 $39,782,686
2034 $8,592,235 $0 $31,550,941 $105,717 $40,248,893
2035 $9,799,408 $0 $34,524,217 $111,066 $44,434,691
2036 $10,142,387 $0 $33,491,363 $116,686 $43,750,436
2037 $10,497,371 $0 $32,644,911 $122,590 $43,264,872
2038 $10,864,779 $0 $35,725,139 $128,793 $46,718,711
2039 $11,245,046 $0 $34,658,671 $135,310 $46,039,027
2040 $11,638,623 $0 $33,775,550 $142,157 $45,556,330
2041 $12,045,974 $0 $36,962,460 $149,350 $49,157,784
2042 $12,467,584 $0 $35,859,055 $156,907 $48,483,546
2043 $12,903,949 $0 $34,945,348 $164,847 $48,014,144
2044 $13,355,587 $0 $38,242,635 $173,188 $51,771,410
2045 $13,823,033 $0 $37,101,015 $181,951 $51,105,999
2046 $14,306,839 $0 $36,155,662 $191,158 $50,653,659
2047 $14,807,578 $0 $39,567,148 $200,831 $54,575,557
2048 $15,325,844 $0 $38,385,989 $210,993 $53,922,825
2049 $15,862,248 $0 $37,407,894 $221,669 $53,491,811
2050 $16,417,427 $0 $40,937,535 $232,885 $57,587,847
2051 $16,992,037 $0 $39,715,467 $244,669 $56,952,173
2052 $17,586,758 $0 $38,529,880 $257,050 $56,373,687
2053 $18,202,294 $0 $37,548,119 $270,056 $56,020,470
2054 $18,839,375 $0 $41,090,991 $283,721 $60,214,087


On
Workers' The Facility's Taxable Spending of Tax

Year Spending Taxable Companies' Visitors in the Collections

2055 $19,498,753 $0 $39,864,342 $298,078 $59,661,172
2056 $20,181,209 $0 $38,848,578 $313,160 $59,342,947
2057 $20,887,552 $0 $42,514,155 $329,006 $63,730,713
2058 $21,618,616 $0 $41,245,022 $345,654 $63,209,292
2059 $22,375,267 $0 $40,013,774 $363,144 $62,752,186
2060 $23,158,402 $0 $38,994,203 $381,519 $62,534,124
2061 $23,968,946 $0 $42,673,521 $400,824 $67,043,291
2062 $24,807,859 $0 $41,399,630 $421,106 $66,628,595
2063 $25,676,134 $0 $40,344,746 $442,414 $66,463,294
2064 $26,574,799 $0 $44,151,496 $464,800 $71,191,094

Total $545,115,564 $0 $1,300,104,519 $8,375,246 $1,853,595,329

Hotel Occupancy Tax Collections
From the overnight lodging spending of visitors to the facility, the state will collect the following hotel occupancy taxes:
Table 41
Estimated Hotel Occupancy Tax Collections
from Visitors
Total Hotel
6SHQGLQJRQ Occupancy
Year /RGJLQJ Tax
Collections
2024 $70,800

2025 $74,382
2026 $78,146
2027 $82,100
2028 $86,255
2029 $90,619
2030 $95,205
2031 $100,022
2032 $105,083

from Visitors

Total Hotel
6SHQGLQJRQ Occupancy
Year Tax /RGJLQJ Collections
2033 $110,400

2034 $115,986
2035 $121,855
2036 $128,021
2037 $134,499
2038 $141,305
2039 $148,455
2040 $155,967
2041 $163,859
2042 $172,150
2043 $180,861
2044 $190,012
2045 $199,627
2046 $209,728
2047 $220,340
2048 $231,489
2049 $243,203
2050 $255,509
2051 $268,437
2052 $282,020
2053 $296,291
2054 $311,283
2055 $327,034
2056 $343,582
2057 $360,967
2058 $379,232
2059 $398,421
2060 $418,581
2061 $439,761
2062 $462,013
2063 $485,391
2064 $509,952

Total $9,188,841

Franchise Tax Collections from the Company and Indirect and Induced Businesses
Texas franchise tax is a tax on “taxable margin,” which is a concept similar to taxable income. Generally, an entity’s taxable margin
is its revenue less either its cost of goods sold or its compensation
expense, but not both. If 70% of the entity’s revenue is less than either of these calculations, then 70% of revenue is the taxable
margin. Taxable margin must then be apportioned to business done in Texas, measured by the ratio of gross receipts from business
done in Texas to gross receipts from business done everywhere. The tax rate is then applied to the apportioned margin. A rate of
.375% is used for taxable entities primarily engaged in retail or wholesale trade, and a .75% rate is used for all other entities.
(VWLPDWHG7D[DEOH0DUJLQVRIWKH&RPSDQ\DQG,QGLUHFWDQG,QGXFHG&RPSDQLHV

The facility's estimated taxable margins subject to Texas franchise tax may be 10% of its operating output and the estimated taxable
margins of indirect companies may be 10% of revenues.
If this is the case, the estimated taxable margins of the company and indirect and induced companies that will be subject to
corporate franchise taxes in the state of Texas are shown below.
Table 42
Revenues of the Company Subject to Franchise Taxes &
Taxable Margins of Indirect and Induced Companies
During Operations
Total
Indirect and Revenues
Direct Induced Subject to
Taxable Taxable Franchise
Year Margins Margins Taxes
2024 $0 $0 $0
2025 $0 $0 $0
2026 $0 $0 $0
2027 $2,500,000 $2,389,250 $4,889,250
2028 $5,000,000 $4,778,500 $9,778,500
2029 $293,000,000 $280,020,100 $573,020,100
2030 $641,600,000 $613,177,120 $1,254,777,120
2031 $874,500,000 $835,759,650 $1,710,259,650
2032 $1,091,700,000 $1,043,337,690 $2,135,037,690
2033 $1,059,100,000 $1,012,181,870 $2,071,281,870
2034 $1,032,500,000 $986,760,250 $2,019,260,250
2035 $1,129,800,000 $1,079,749,860 $2,209,549,860
2036 $1,096,000,000 $1,047,447,200 $2,143,447,200
2037 $1,068,300,000 $1,020,974,310 $2,089,274,310
2038 $1,169,100,000 $1,117,308,870 $2,286,408,870
2039 $1,134,200,000 $1,083,954,940 $2,218,154,940

Revenues of the Company Subject to Franchise Taxes &
Taxable Margins of Indirect and Induced Companies
During Operations
Total
Indirect and Revenues
Direct Induced Subject to
Taxable Taxable Franchise
Year Margins Margins Taxes

2040 $1,105,300,000 $1,056,335,210 $2,161,635,210
2041 $1,209,591,154 $1,156,006,266 $2,365,597,420
2042 $1,173,482,411 $1,121,497,140 $2,294,979,552
2043 $1,143,581,475 $1,092,920,816 $2,236,502,291
2044 $1,251,484,698 $1,196,043,926 $2,447,528,624
2045 $1,214,125,348 $1,160,339,595 $2,374,464,943
2046 $1,183,188,809 $1,130,773,545 $2,313,962,354
2047 $1,294,829,202 $1,237,468,268 $2,532,297,470
2048 $1,256,175,931 $1,200,527,337 $2,456,703,268
2049 $1,224,167,921 $1,169,937,283 $2,394,105,204
2050 $1,339,674,920 $1,280,327,321 $2,620,002,241
2051 $1,299,682,914 $1,242,106,960 $2,541,789,874
2052 $1,260,884,749 $1,205,027,555 $2,465,912,304
2053 $1,228,756,757 $1,174,322,832 $2,403,079,589
2054 $1,344,696,737 $1,285,126,672 $2,629,823,409
2055 $1,304,554,819 $1,246,763,041 $2,551,317,860
2056 $1,271,314,091 $1,214,994,877 $2,486,308,967
2057 $1,391,269,591 $1,329,636,348 $2,720,905,938
2058 $1,349,737,379 $1,289,944,013 $2,639,681,392
2059 $1,309,444,988 $1,251,436,575 $2,560,881,562
2060 $1,276,079,655 $1,219,549,326 $2,495,628,982
2061 $1,396,484,812 $1,334,620,535 $2,731,105,347
2062 $1,354,796,916 $1,294,779,412 $2,649,576,328
2063 $1,320,275,993 $1,261,787,766 $2,582,063,759
2064 $1,444,851,318 $1,380,844,405 $2,825,695,722

Total $42,545,732,588 $40,660,956,634 $83,206,689,222

(VWLPDWHG)UDQFKLVH7D[3D\PHQWVE\WKH&RPSDQ\DQG,QGLUHFWDQG,QGXFHG&RPSDQLHV

The estimated annual franchise tax payments to the State by the facility and indirect and induced businesses are shown
below.
Table 43
Estimated Franchise Tax Collections from
the Facility and Indirect and Induced
Businesses
During Operations
Indirect
The Facility Businesse Total
s
2024 $0 $0 $0
2025 $0 $0 $0
2026 $0 $0 $0
2027 $18,750 $17,919 $36,669
2028 $37,500 $35,839 $73,339
2029 $2,197,500 $2,100,151 $4,297,651
2030 $4,812,000 $4,598,828 $9,410,828
2031 $6,558,750 $6,268,197 $12,826,947
2032 $8,187,750 $7,825,033 $16,012,783
2033 $7,943,250 $7,591,364 $15,534,614
2034 $7,743,750 $7,400,702 $15,144,452
2035 $8,473,500 $8,098,124 $16,571,624
2036 $8,220,000 $7,855,854 $16,075,854
2037 $8,012,250 $7,657,307 $15,669,557
2038 $8,768,250 $8,379,817 $17,148,067
2039 $8,506,500 $8,129,662 $16,636,162
2040 $8,289,750 $7,922,514 $16,212,264
2041 $9,071,934 $8,670,047 $17,741,981
2042 $8,801,118 $8,411,229 $17,212,347
2043 $8,576,861 $8,196,906 $16,773,767
2044 $9,386,135 $8,970,329 $18,356,465
2045 $9,105,940 $8,702,547 $17,808,487
2046 $8,873,916 $8,480,802 $17,354,718
2047 $9,711,219 $9,281,012 $18,992,231
2048 $9,421,319 $9,003,955 $18,425,275
2049 $9,181,259 $8,774,530 $17,955,789
2050 $10,047,562 $9,602,455 $19,650,017
2051 $9,747,622 $9,315,802 $19,063,424
2052 $9,456,636 $9,037,707 $18,494,342
2053 $9,215,676 $8,807,421 $18,023,097
2054 $10,085,226 $9,638,450 $19,723,676

Estimated Franchise Tax Collections
from
the Facility and Indirect and Induced Businesses
During Operations

Indirect
The Facility Businesse Total
s

2055 $9,784,161 $9,350,723 $19,134,884
2056 $9,534,856 $9,112,462 $18,647,317
2057 $10,434,522 $9,972,273 $20,406,795
2058 $10,123,030 $9,674,580 $19,797,610
2059 $9,820,837 $9,385,774 $19,206,612
2060 $9,570,597 $9,146,620 $18,717,217
2061 $10,473,636 $10,009,654 $20,483,290
2062 $10,160,977 $9,710,846 $19,871,822
2063 $9,902,070 $9,463,408 $19,365,478
2064 $10,836,385 $10,356,333 $21,192,718

Total $319,092,994 $304,957,175 $624,050,169

Other Taxes and Revenues from Workers
During the facility's operations, other taxes -- in addition to sales and franchise taxes -- will be collected for the State's general
fund. The estimated annual collections of other taxes from each worker during operations are the following:
Table 44
Other Revenues for the State from Each Worker
During Operations
Gasoline taxes $38

Motor vehicle sales and use taxes $438
Cigarette and tobacco taxes $110
Alcoholic beverage taxes $185
Net lottery proceeds $302
Total $1,072

Other taxes and revenues for the State from workers during the facility's operations will be the following:
Table 45
Other Revenues for the State from Workers During Operations

Gasoline Sales Cigarette and Beverag Net Lottery Other Taxes
Year Taxes and Use Tobacco e Proceed and
Taxes
2024 $685 $7,986 $2,008 $3,377 $5,513 $19,569

2025 $7,051 $82,259 $20,682 $34,784 $56,782 $201,559
2026 $29,049 $338,908 $85,211 $143,310 $233,944 $830,423
2027 $59,842 $698,151 $175,535 $295,218 $481,924 $1,710,671
2028 $92,455 $1,078,644 $271,202 $456,112 $744,573 $2,642,986
2029 $126,972 $1,481,338 $372,451 $626,394 $1,022,546 $3,629,701
2030 $163,476 $1,907,222 $479,530 $806,483 $1,316,528 $4,673,240
2031 $202,057 $2,357,327 $592,699 $996,813 $1,627,229 $5,776,124
2032 $242,805 $2,832,721 $712,227 $1,197,836 $1,955,387 $6,940,976
2033 $285,816 $3,334,517 $838,393 $1,410,025 $2,301,770 $8,170,521
2034 $333,949 $3,896,071 $979,584 $1,647,481 $2,689,402 $9,546,487
2035 $379,027 $4,421,987 $1,111,814 $1,869,869 $3,052,434 $10,835,132
2036 $390,398 $4,554,647 $1,145,168 $1,925,965 $3,144,007 $11,160,186
2037 $402,110 $4,691,286 $1,179,523 $1,983,744 $3,238,328 $11,494,991
2038 $414,174 $4,832,025 $1,214,909 $2,043,256 $3,335,478 $11,839,841
2039 $426,599 $4,976,985 $1,251,356 $2,104,554 $3,435,542 $12,195,036
2040 $439,397 $5,126,295 $1,288,897 $2,167,690 $3,538,608 $12,560,887
2041 $452,579 $5,280,084 $1,327,564 $2,232,721 $3,644,766 $12,937,714
2042 $466,156 $5,438,486 $1,367,391 $2,299,703 $3,754,109 $13,325,845
2043 $480,141 $5,601,641 $1,408,413 $2,368,694 $3,866,733 $13,725,621
2044 $494,545 $5,769,690 $1,450,665 $2,439,755 $3,982,735 $14,137,389
2045 $509,381 $5,942,781 $1,494,185 $2,512,947 $4,102,217 $14,561,511
2046 $524,663 $6,121,064 $1,539,010 $2,588,336 $4,225,283 $14,998,356
2047 $540,403 $6,304,696 $1,585,181 $2,665,986 $4,352,042 $15,448,307
2048 $556,615 $6,493,837 $1,632,736 $2,745,965 $4,482,603 $15,911,756
2049 $573,313 $6,688,652 $1,681,718 $2,828,344 $4,617,081 $16,389,109
2050 $590,512 $6,889,312 $1,732,170 $2,913,195 $4,755,593 $16,880,782
2051 $608,228 $7,095,991 $1,784,135 $3,000,590 $4,898,261 $17,387,205
2052 $626,475 $7,308,871 $1,837,659 $3,090,608 $5,045,209 $17,908,822
2053 $645,269 $7,528,137 $1,892,789 $3,183,326 $5,196,565 $18,446,086
2054 $664,627 $7,753,981 $1,949,572 $3,278,826 $5,352,462 $18,999,469
2055 $684,566 $7,986,600 $2,008,060 $3,377,191 $5,513,036 $19,569,453
2056 $705,103 $8,226,198 $2,068,301 $3,478,507 $5,678,427 $20,156,536
2057 $726,256 $8,472,984 $2,130,350 $3,582,862 $5,848,780 $20,761,233
2058 $748,043 $8,727,174 $2,194,261 $3,690,348 $6,024,243 $21,384,070
2059 $770,485 $8,988,989 $2,260,089 $3,801,058 $6,204,971 $22,025,592
2060 $793,599 $9,258,659 $2,327,891 $3,915,090 $6,391,120 $22,686,359
2061 $817,407 $9,536,419 $2,397,728 $4,032,543 $6,582,854 $23,366,950
2062 $841,930 $9,822,511 $2,469,660 $4,153,519 $6,780,339 $24,067,959

Other Revenues for the State from Workers During Operations

Gasoline Sales Cigarette and Beverag Net Lottery Other Taxes
Year Taxes and Use e
Tobacco Proceed and
Taxes

2063 $867,187 $10,117,186 $2,543,750 $4,278,125 $6,983,749 $24,789,997
2064 $893,203 $10,420,702 $2,620,062 $4,406,468 $7,193,262 $25,533,697
Total $19,576,544 $228,393,017 $57,424,530 $96,577,619 $157,656,437 $559,628,146

The Total Revenues for the State of Texas from the Facility's Operations
The total increase in state revenues from the facility's operations are shown below.
Table 46
General Fund Revenues for the State During Operations
Hotel
Sales Tax Occupancy Franchise Tax Other Taxes Total State
Year Taxes
2024 $81,311 $70,800 $0 $19,569 $171,680

2025 $241,471 $74,382 $0 $201,559 $517,413
2026 $790,240 $78,146 $0 $830,423 $1,698,809
2027 $1,639,582 $82,100 $36,669 $1,710,671 $3,469,023
2028 $2,542,080 $86,255 $73,339 $2,642,986 $5,344,660
2029 $12,224,765 $90,619 $4,297,651 $3,629,701 $20,242,735
2030 $23,818,087 $95,205 $9,410,828 $4,673,240 $37,997,360
2031 $31,937,744 $100,022 $12,826,947 $5,776,124 $50,640,837
2032 $39,642,696 $105,083 $16,012,783 $6,940,976 $62,701,538
2033 $39,782,686 $110,400 $15,534,614 $8,170,521 $63,598,221
2034 $40,248,893 $115,986 $15,144,452 $9,546,487 $65,055,818
2035 $44,434,691 $121,855 $16,571,624 $10,835,132 $71,963,302
2036 $43,750,436 $128,021 $16,075,854 $11,160,186 $71,114,497
2037 $43,264,872 $134,499 $15,669,557 $11,494,991 $70,563,920
2038 $46,718,711 $141,305 $17,148,067 $11,839,841 $75,847,923
2039 $46,039,027 $148,455 $16,636,162 $12,195,036 $75,018,680
2040 $45,556,330 $155,967 $16,212,264 $12,560,887 $74,485,448
2041 $49,157,784 $163,859 $17,741,981 $12,937,714 $80,001,337
2042 $48,483,546 $172,150 $17,212,347 $13,325,845 $79,193,888
2043 $48,014,144 $180,861 $16,773,767 $13,725,621 $78,694,392
2044 $51,771,410 $190,012 $18,356,465 $14,137,389 $84,455,276
2045 $51,105,999 $199,627 $17,808,487 $14,561,511 $83,675,623
2046 $50,653,659 $209,728 $17,354,718 $14,998,356 $83,216,460

General Fund Revenues for the State During Operations

Hotel
Sales Tax Occupancy Franchise Tax Other Taxes Total State

Year Taxes

2047 $54,575,557 $220,340 $18,992,231 $15,448,307 $89,236,435
2048 $53,922,825 $231,489 $18,425,275 $15,911,756 $88,491,345
2049 $53,491,811 $243,203 $17,955,789 $16,389,109 $88,079,911
2050 $57,587,847 $255,509 $19,650,017 $16,880,782 $94,374,155
2051 $56,952,173 $268,437 $19,063,424 $17,387,205 $93,671,240
2052 $56,373,687 $282,020 $18,494,342 $17,908,822 $93,058,872
2053 $56,020,470 $296,291 $18,023,097 $18,446,086 $92,785,943
2054 $60,214,087 $311,283 $19,723,676 $18,999,469 $99,248,514
2055 $59,661,172 $327,034 $19,134,884 $19,569,453 $98,692,543
2056 $59,342,947 $343,582 $18,647,317 $20,156,536 $98,490,383
2057 $63,730,713 $360,967 $20,406,795 $20,761,233 $105,259,707
2058 $63,209,292 $379,232 $19,797,610 $21,384,070 $104,770,203
2059 $62,752,186 $398,421 $19,206,612 $22,025,592 $104,382,810
2060 $62,534,124 $418,581 $18,717,217 $22,686,359 $104,356,282
2061 $67,043,291 $439,761 $20,483,290 $23,366,950 $111,333,292
2062 $66,628,595 $462,013 $19,871,822 $24,067,959 $111,030,389
2063 $66,463,294 $485,391 $19,365,478 $24,789,997 $111,104,161
2064 $71,191,094 $509,952 $21,192,718 $25,533,697 $118,427,461

Total $1,853,595,329 $9,188,841 $624,050,169 $559,628,146 $3,046,462,485

Local Area Benefits
Economic Impact & Tax Revenue

Local vs. State Economic Impacts
The previous section of this analysis presented the economic impact in the State of Texas and this section presents the local
economic impact, specifically within Brazos County. In general, the state level economic impacts will be larger than the county level
economic impacts. The larger statewide impact results from the fact that more economic activity will be captured within the state
economy relative to the county economy.
The reason the occurs is known as leakage. Leakage results when the local economy is unable to supply all of the inputs needed by
the project and some inputs are purchased from suppliers located outside of the local economy, for example elsewhere in the state.
It is important to note that the local economic impacts of output, employment, and payroll represent a subset of the statewide impact.
Local Economic Impacts During Construction
Construction Economic Output/Increase in Gross Area Product
The facility's construction project will provide direct, indirect and induced economic output/increase in gross area product in Brazos
County, as shown below.
The facility's construction costs again serve as the direct construction output and county-level multipliers are used to estimate the
total impact inclusive of the indirect and induced effects.
Table 47
Economic Output/Increase in Gross Area Product
in Brazos County During Construction
Direct Indirect and

2024 $39,000,000 $22,534,200 $61,534,200
2025 $564,000,000 $325,879,200 $889,879,200

2026 $1,709,000,000 $987,460,200 $2,696,460,200
2027 $2,843,000,000 $1,642,685,400 $4,485,685,400
2028 $957,000,000 $552,954,600 $1,509,954,600
2029 $61,000,000 $35,245,800 $96,245,800
2030 $61,000,000 $35,245,800 $96,245,800
2031 $61,000,000 $35,245,800 $96,245,800
2032 $61,000,000 $35,245,800 $96,245,800
2033 $61,000,000 $35,245,800 $96,245,800
2034 $61,000,000 $35,245,800 $96,245,800
2035 $61,000,000 $35,245,800 $96,245,800

Economic Output/Increase in Gross Area Product

Direct Indirect and



2036 $61,000,000 $35,245,800 $96,245,800
2037 $61,000,000 $35,245,800 $96,245,800
2038 $61,000,000 $35,245,800 $96,245,800
2039 $61,000,000 $35,245,800 $96,245,800
2040 $61,000,000 $35,245,800 $96,245,800
2041 $61,610,000 $35,598,258 $97,208,258
2042 $62,226,100 $35,954,241 $98,180,341
2043 $62,848,361 $36,313,783 $99,162,144
2044 $63,476,845 $36,676,921 $100,153,765
2045 $64,111,613 $37,043,690 $101,155,303
2046 $64,752,729 $37,414,127 $102,166,856
2047 $65,400,256 $37,788,268 $103,188,525
2048 $66,054,259 $38,166,151 $104,220,410
2049 $66,714,802 $38,547,812 $105,262,614
2050 $67,381,950 $38,933,291 $106,315,240
2051 $68,055,769 $39,322,623 $107,378,393
2052 $68,736,327 $39,715,850 $108,452,176
2053 $69,423,690 $40,113,008 $109,536,698
2054 $70,117,927 $40,514,138 $110,632,065
2055 $70,819,106 $40,919,280 $111,738,386
2056 $71,527,297 $41,328,472 $112,855,770
2057 $72,242,570 $41,741,757 $113,984,327
2058 $72,964,996 $42,159,175 $115,124,171
2059 $73,694,646 $42,580,766 $116,275,412
2060 $74,431,592 $43,006,574 $117,438,167
2061 $75,175,908 $43,436,640 $118,612,548
2062 $75,927,667 $43,871,006 $119,798,674
2063 $76,686,944 $44,309,716 $120,996,660
2064 $77,453,814 $44,752,813 $122,206,627

Total $8,505,835,170 $4,914,671,561 $13,420,506,731
An explanation of the multipliers used to calculate indirect and induced impacts is included later in this report.

Construction Employment
During construction, the following number of direct, indirect and induced jobs will be supported in Brazos County each year:
Table 48
Direct Indirect and

Year
2024 173 99 272

2025 2,507 1,427 3,933
2026 7,596 4,323 11,918
2027 12,636 7,191 19,826
2028 4,253 2,421 6,674
2029 271 154 425
2030 271 154 425
2031 271 154 425
2032 271 154 425
2033 271 154 425
2034 271 154 425
2035 271 154 425
2036 271 154 425
2037 271 154 425
2038 271 154 425
2039 271 154 425
2040 271 154 425
2041 274 156 430
2042 277 157 434
2043 279 159 438
2044 282 161 443
2045 285 162 447
2046 288 164 452
2047 291 165 456
2048 294 167 461
2049 297 169 465
2050 299 170 470
2051 302 172 475
2052 305 174 479
2053 309 176 484
2054 312 177 489


Direct Indirect and

2055 315 179 494
2056 318 181 499
2057 321 183 504
2058 324 185 509
2059 328 186 514
2060 331 188 519
2061 334 190 524
2062 337 192 530
2063 341 194 535
2064 344 196 540

Annual Avg. 922 525 1,447

Construction Payroll
The direct, indirect and induced payrolls during construction will be the following:
Table 49
Direct, Indirect and Induced Payroll
in Brazos County During
Construction
Direct Indirect and
2024 $15,600,000 $6,107,400 $21,707,400
2025 $225,600,000 $88,322,400 $313,922,400

2026 $683,600,000 $267,629,400 $951,229,400
2027 $1,137,200,000 $445,213,800 $1,582,413,800
2028 $382,800,000 $149,866,200 $532,666,200
2029 $24,400,000 $9,552,600 $33,952,600
2030 $24,400,000 $9,552,600 $33,952,600
2031 $24,400,000 $9,552,600 $33,952,600
2032 $24,400,000 $9,552,600 $33,952,600
2033 $24,400,000 $9,552,600 $33,952,600
2034 $24,400,000 $9,552,600 $33,952,600
2035 $24,400,000 $9,552,600 $33,952,600
2036 $24,400,000 $9,552,600 $33,952,600
2037 $24,400,000 $9,552,600 $33,952,600
2038 $24,400,000 $9,552,600 $33,952,600
2039 $24,400,000 $9,552,600 $33,952,600
2040 $24,400,000 $9,552,600 $33,952,600
2041 $24,644,000 $9,648,126 $34,292,126
2042 $24,890,440 $9,744,607 $34,635,047
2043 $25,139,344 $9,842,053 $34,981,398
2044 $25,390,738 $9,940,474 $35,331,212
2045 $25,644,645 $10,039,879 $35,684,524
2046 $25,901,092 $10,140,277 $36,041,369
2047 $26,160,103 $10,241,680 $36,401,783
2048 $26,421,704 $10,344,097 $36,765,801
2049 $26,685,921 $10,447,538 $37,133,459
2050 $26,952,780 $10,552,013 $37,504,793
2051 $27,222,308 $10,657,533 $37,879,841
2052 $27,494,531 $10,764,109 $38,258,640
2053 $27,769,476 $10,871,750 $38,641,226
2054 $28,047,171 $10,980,467 $39,027,638
2055 $28,327,643 $11,090,272 $39,417,915

Construction

Direct Indirect and



2056 $28,610,919 $11,201,175 $39,812,094
2057 $28,897,028 $11,313,187 $40,210,215
2058 $29,185,998 $11,426,318 $40,612,317
2059 $29,477,858 $11,540,582 $41,018,440
2060 $29,772,637 $11,655,987 $41,428,624
2061 $30,070,363 $11,772,547 $41,842,911
2062 $30,371,067 $11,890,273 $42,261,340
2063 $30,674,778 $12,009,175 $42,683,953
2064 $30,981,525 $12,129,267 $43,110,793

Total $3,402,334,068 $1,332,013,788 $4,734,347,855

The direct construction employment and direct construction payroll derived in the state impact section serve as the direct impacts.
The local impact shown here relies on Brazos County multipliers to estimate the total impact inclusive of the indirect and induced
effects.

Local Fiscal Impacts During Construction
Taxable Sales
A majority of the estimated statewide taxable sales during construction can be expected to take place within Brazos County and in
the City of Bryan. If 60% of the statewide taxable sales during construction occur locally, the facility's construction project will result
in the following taxable sales:
Table 50
Local Estimated Taxable Sales
Estimated
Taxable Estimated Estimated
Machinery Taxable Taxable
and Total Taxable
Construction Worker
Year Equipment Sales
Materials Spending
2024 $0 $2,808,000 $4,618,243 $7,426,243
2025 $3,705,000 $40,608,000 $66,786,895 $111,099,895

2026 $25,530,000 $123,048,000 $202,373,764 $350,951,764
2027 $27,825,000 $204,696,000 $336,658,053 $569,179,053
2028 $21,000,000 $68,904,000 $113,324,571 $203,228,571
2029 $18,840,000 $4,392,000 $7,223,405 $30,455,405
2030 $21,360,000 $4,392,000 $7,223,405 $32,975,405
2031 $28,185,000 $4,392,000 $7,223,405 $39,800,405
2032 $10,410,000 $4,392,000 $7,223,405 $22,025,405
2033 $11,190,000 $4,392,000 $7,223,405 $22,805,405
2034 $12,015,000 $4,392,000 $7,223,405 $23,630,405
2035 $12,930,000 $4,392,000 $7,223,405 $24,545,405
2036 $13,905,000 $4,392,000 $7,223,405 $25,520,405
2037 $14,955,000 $4,392,000 $7,223,405 $26,570,405
2038 $16,080,000 $4,392,000 $7,223,405 $27,695,405
2039 $17,295,000 $4,392,000 $7,223,405 $28,910,405
2040 $18,585,000 $4,392,000 $7,223,405 $30,200,405
2041 $19,952,625 $4,435,920 $7,295,639 $31,684,184
2042 $21,422,166 $4,480,279 $7,368,596 $33,271,041
2043 $23,001,249 $4,525,082 $7,442,282 $34,968,613
2044 $24,698,074 $4,570,333 $7,516,705 $36,785,112
2045 $26,521,455 $4,616,036 $7,591,872 $38,729,363
2046 $28,480,865 $4,662,197 $7,667,790 $40,810,851
2047 $30,586,487 $4,708,818 $7,744,468 $43,039,774
2048 $32,849,271 $4,755,907 $7,821,913 $45,427,091
2049 $35,280,983 $4,803,466 $7,900,132 $47,984,581

Local Estimated Taxable Sales

Estimated
Taxable Estimated Estimated
Machinery
Taxable Taxable
and
Construction Worker Total Taxable
Equipment
Year Materials Spending Sales

2050 $37,894,274 $4,851,500 $7,979,133 $50,724,908
2051 $40,702,743 $4,900,015 $8,058,925 $53,661,683
2052 $43,721,006 $4,949,016 $8,139,514 $56,809,536
2053 $46,964,778 $4,998,506 $8,220,909 $60,184,193
2054 $50,450,951 $5,048,491 $8,303,118 $63,802,560
2055 $54,197,682 $5,098,976 $8,386,149 $67,682,806
2056 $58,224,490 $5,149,965 $8,470,011 $71,844,466
2057 $62,552,358 $5,201,465 $8,554,711 $76,308,534
2058 $67,203,843 $5,253,480 $8,640,258 $81,097,580
2059 $72,203,190 $5,306,015 $8,726,661 $86,235,865
2060 $77,576,465 $5,359,075 $8,813,927 $91,749,466
2061 $83,351,686 $5,412,665 $8,902,066 $97,666,418
2062 $89,558,973 $5,466,792 $8,991,087 $104,016,852
2063 $96,230,705 $5,521,460 $9,080,998 $110,833,163
2064 $103,401,687 $5,576,675 $9,171,808 $118,150,169

Total $1,500,838,005 $612,420,132 $1,007,231,060 $3,120,489,197

With a 2.00% combined local sales tax, the City of Bryan and Brazos County will collect the following sales tax on machinery and
equipment, construction materials and construction worker spending:
Table 51
On On On Taxable Total
Worker Sales
Taxable Construction
Year Spending Ta
x
Equipment
Collections
2024 $0 $56,160 $92,365 $148,525

2025 $74,100 $812,160 $1,335,738 $2,221,998
2026 $510,600 $2,460,960 $4,047,475 $7,019,035
2027 $556,500 $4,093,920 $6,733,161 $11,383,581
2028 $420,000 $1,378,080 $2,266,491 $4,064,571
2029 $376,800 $87,840 $144,468 $609,108
2030 $427,200 $87,840 $144,468 $659,508
2031 $563,700 $87,840 $144,468 $796,008
2032 $208,200 $87,840 $144,468 $440,508
2033 $223,800 $87,840 $144,468 $456,108
2034 $240,300 $87,840 $144,468 $472,608
2035 $258,600 $87,840 $144,468 $490,908
2036 $278,100 $87,840 $144,468 $510,408
2037 $299,100 $87,840 $144,468 $531,408
2038 $321,600 $87,840 $144,468 $553,908
2039 $345,900 $87,840 $144,468 $578,208
2040 $371,700 $87,840 $144,468 $604,008
2041 $399,053 $88,718 $145,913 $633,684
2042 $428,443 $89,606 $147,372 $665,421
2043 $460,025 $90,502 $148,846 $699,372
2044 $493,961 $91,407 $150,334 $735,702
2045 $530,429 $92,321 $151,837 $774,587
2046 $569,617 $93,244 $153,356 $816,217
2047 $611,730 $94,176 $154,889 $860,795
2048 $656,985 $95,118 $156,438 $908,542
2049 $705,620 $96,069 $158,003 $959,692
2050 $757,885 $97,030 $159,583 $1,014,498
2051 $814,055 $98,000 $161,178 $1,073,234
2052 $874,420 $98,980 $162,790 $1,136,191
2053 $939,296 $99,970 $164,418 $1,203,684
2054 $1,009,019 $100,970 $166,062 $1,276,051
2055 $1,083,954 $101,980 $167,723 $1,353,656


Worker Sales
Taxable Construction
Year Spending Ta
x
Equipment
Collections

2056 $1,164,490 $102,999 $169,400 $1,436,889
2057 $1,251,047 $104,029 $171,094 $1,526,171
2058 $1,344,077 $105,070 $172,805 $1,621,952
2059 $1,444,064 $106,120 $174,533 $1,724,717
2060 $1,551,529 $107,181 $176,279 $1,834,989
2061 $1,667,034 $108,253 $178,041 $1,953,328
2062 $1,791,179 $109,336 $179,822 $2,080,337
2063 $1,924,614 $110,429 $181,620 $2,216,663
2064 $2,068,034 $111,533 $183,436 $2,363,003

Total $30,016,760 $12,248,403 $20,144,621 $62,409,784

Summary of Local Taxes During Construction
During the facility's construction project, the City of Bryan and Brazos County will receive the following tax revenues:
Table 52
Tax Revenues for the City & County During Construction
County Total
City Sales Tax Sales Sales
Year Revenue Tax Tax
Revenue Revenue
2024 $111,394 $37,131 $148,525

2025 $1,666,498 $555,499 $2,221,998
2026 $5,264,276 $1,754,759 $7,019,035
2027 $8,537,686 $2,845,895 $11,383,581
2028 $3,048,429 $1,016,143 $4,064,571
2029 $456,831 $152,277 $609,108
2030 $494,631 $164,877 $659,508
2031 $597,006 $199,002 $796,008
2032 $330,381 $110,127 $440,508
2033 $342,081 $114,027 $456,108
2034 $354,456 $118,152 $472,608
2035 $368,181 $122,727 $490,908
2036 $382,806 $127,602 $510,408
2037 $398,556 $132,852 $531,408
2038 $415,431 $138,477 $553,908
2039 $433,656 $144,552 $578,208
2040 $453,006 $151,002 $604,008
2041 $475,263 $158,421 $633,684
2042 $499,066 $166,355 $665,421
2043 $524,529 $174,843 $699,372
2044 $551,777 $183,926 $735,702
2045 $580,940 $193,647 $774,587
2046 $612,163 $204,054 $816,217
2047 $645,597 $215,199 $860,795
2048 $681,406 $227,135 $908,542
2049 $719,769 $239,923 $959,692
2050 $760,874 $253,625 $1,014,498
2051 $804,925 $268,308 $1,073,234
2052 $852,143 $284,048 $1,136,191
2053 $902,763 $300,921 $1,203,684
2054 $957,038 $319,013 $1,276,051
2055 $1,015,242 $338,414 $1,353,656

Tax Revenues for the City & County During Construction

County Total
City Sales Tax Sales Tax Sales Tax
Year Collections Collections Collections

2056 $1,077,667 $359,222 $1,436,889
2057 $1,144,628 $381,543 $1,526,171
2058 $1,216,464 $405,488 $1,621,952
2059 $1,293,538 $431,179 $1,724,717
2060 $1,376,242 $458,747 $1,834,989
2061 $1,464,996 $488,332 $1,953,328
2062 $1,560,253 $520,084 $2,080,337
2063 $1,662,497 $554,166 $2,216,663
2064 $1,772,253 $590,751 $2,363,003

Total $46,807,338 $15,602,446 $62,409,784

Local Economic Impacts During the Facility's Operations
Economic Output During Operations
The facility's estimated annual revenues during the first 41 years again serve as the direct economic output during
operations.
The facility's annual operating revenues will result in the following direct, indirect and induced output: in Brazos County when
applying the local economic impact multiplier.
Table 53
Direct, Indirect & Induced Output
Operations
Direct Indirect and
Year Output
Output Output
2024 $0 $0 $0
2025 $0 $0 $0
2026 $0 $0 $0
2027 $25,000,000 $7,952,500 $32,952,500
2028 $50,000,000 $15,905,000 $65,905,000
2029 $2,930,000,000 $932,033,000 $3,862,033,000
2030 $6,416,000,000 $2,040,929,600 $8,456,929,600
2031 $8,745,000,000 $2,781,784,500 $11,526,784,500
2032 $10,917,000,000 $3,472,697,700 $14,389,697,700
2033 $10,591,000,000 $3,368,997,100 $13,959,997,100
2034 $10,325,000,000 $3,284,382,500 $13,609,382,500
2035 $11,298,000,000 $3,593,893,800 $14,891,893,800
2036 $10,960,000,000 $3,486,376,000 $14,446,376,000
2037 $10,683,000,000 $3,398,262,300 $14,081,262,300
2038 $11,691,000,000 $3,718,907,100 $15,409,907,100
2039 $11,342,000,000 $3,607,890,200 $14,949,890,200
2040 $11,053,000,000 $3,515,959,300 $14,568,959,300
2041 $12,095,911,542 $3,847,709,461 $15,943,621,003
2042 $11,734,824,113 $3,732,847,550 $15,467,671,663
2043 $11,435,814,752 $3,637,732,673 $15,073,547,425
2044 $12,514,846,978 $3,980,972,824 $16,495,819,802
2045 $12,141,253,480 $3,862,132,732 $16,003,386,211
2046 $11,831,888,089 $3,763,723,601 $15,595,611,691
2047 $12,948,292,020 $4,118,851,692 $17,067,143,712
2048 $12,561,759,310 $3,995,895,637 $16,557,654,947
2049 $12,241,679,215 $3,894,078,158 $16,135,757,373

Direct, Indirect & Induced Output
in Brazos County During Operations

Direct Indirect and

Output
Year Output Output

2050 $13,396,749,200 $4,261,505,920 $17,658,255,120
2051 $12,996,829,135 $4,134,291,348 $17,131,120,483
2052 $12,608,847,494 $4,010,874,388 $16,619,721,882
2053 $12,287,567,568 $3,908,675,243 $16,196,242,811
2054 $13,446,967,372 $4,277,480,321 $17,724,447,693
2055 $13,045,548,194 $4,149,788,880 $17,195,337,074
2056 $12,713,140,909 $4,044,050,123 $16,757,191,032
2057 $13,912,695,906 $4,425,628,568 $18,338,324,473
2058 $13,497,373,789 $4,293,514,602 $17,790,888,391
2059 $13,094,449,877 $4,165,344,506 $17,259,794,383
2060 $12,760,796,552 $4,059,209,383 $16,820,005,935
2061 $13,964,848,122 $4,442,218,188 $18,407,066,309
2062 $13,547,969,156 $4,309,608,988 $17,857,578,144
2063 $13,202,759,926 $4,199,797,932 $17,402,557,858
2064 $14,448,513,179 $4,596,072,042 $19,044,585,221

Total $425,457,325,876 $135,337,975,361 $560,795,301,237

Employment during Operations
Based on the expected number of new jobs created and the local employment multiplier for the project, the following number of
direct, indirect and induced jobs will be supported during the facility's operations:
Table 54
Direct, Indirect & Induced Employment
Direct Indirect and

Year
2024 5 6 11
2025 50 57 107
2026 200 229 429
2027 400 458 858
2028 600 687 1,287
2029 800 915 1,715
2030 1,000 1,144 2,144
2031 1,200 1,373 2,573
2032 1,400 1,602 3,002
2033 1,600 1,831 3,431
2034 1,815 2,077 3,892
2035 2,000 2,288 4,288
2036 2,000 2,288 4,288
2037 2,000 2,288 4,288
2038 2,000 2,288 4,288
2039 2,000 2,288 4,288
2040 2,000 2,288 4,288
2041 2,000 2,288 4,288
2042 2,000 2,288 4,288
2043 2,000 2,288 4,288
2044 2,000 2,288 4,288
2045 2,000 2,288 4,288
2046 2,000 2,288 4,288
2047 2,000 2,288 4,288
2048 2,000 2,288 4,288
2049 2,000 2,288 4,288
2050 2,000 2,288 4,288
2051 2,000 2,288 4,288
2052 2,000 2,288 4,288
2053 2,000 2,288 4,288
2054 2,000 2,288 4,288

Direct, Indirect & Induced Employment

Direct Indirect and

2055 2,000 2,288 4,288
2056 2,000 2,288 4,288
2057 2,000 2,288 4,288
2058 2,000 2,288 4,288
2059 2,000 2,288 4,288
2060 2,000 2,288 4,288
2061 2,000 2,288 4,288
2062 2,000 2,288 4,288
2063 2,000 2,288 4,288
2064 2,000 2,288 4,288

The direct, indirect and induced payrolls in Brazos County during the facility's operations will be the following:
Table 55
Operations
Direct Indirect and

2024 $550,000 $185,405 $735,405
2025 $5,692,500 $1,918,942 $7,611,442

2026 $23,566,950 $7,944,419 $31,511,369
2027 $48,783,587 $16,444,947 $65,228,534
2028 $75,736,518 $25,530,780 $101,267,298
2029 $104,516,395 $35,232,477 $139,748,872
2030 $135,218,086 $45,582,017 $180,800,103
2031 $167,940,863 $56,612,865 $224,553,727
2032 $202,788,592 $68,360,034 $271,148,626
2033 $239,869,934 $80,860,155 $320,730,089
2034 $281,626,043 $94,936,139 $376,562,182
2035 $321,193,338 $108,274,274 $429,467,612
2036 $332,435,105 $112,063,874 $444,498,978
2037 $344,070,333 $115,986,109 $460,056,443

Operations

Direct Indirect and



2038 $356,112,795 $120,045,623 $476,158,418
2039 $368,576,743 $124,247,220 $492,823,963
2040 $381,476,929 $128,595,873 $510,072,801
2041 $394,828,621 $133,096,728 $527,925,349
2042 $408,647,623 $137,755,114 $546,402,737
2043 $422,950,290 $142,576,543 $565,526,833
2044 $437,753,550 $147,566,722 $585,320,272
2045 $453,074,924 $152,731,557 $605,806,481
2046 $468,932,547 $158,077,161 $627,009,708
2047 $485,345,186 $163,609,862 $648,955,048
2048 $502,332,267 $169,336,207 $671,668,474
2049 $519,913,897 $175,262,975 $695,176,871
2050 $538,110,883 $181,397,179 $719,508,062
2051 $556,944,764 $187,746,080 $744,690,844
2052 $576,437,831 $194,317,193 $770,755,023
2053 $596,613,155 $201,118,294 $797,731,449
2054 $617,494,615 $208,157,435 $825,652,050
2055 $639,106,927 $215,442,945 $854,549,872
2056 $661,475,669 $222,983,448 $884,459,117
2057 $684,627,317 $230,787,869 $915,415,186
2058 $708,589,274 $238,865,444 $947,454,718
2059 $733,389,898 $247,225,735 $980,615,633
2060 $759,058,545 $255,878,635 $1,014,937,180
2061 $785,625,594 $264,834,388 $1,050,459,981
2062 $813,122,489 $274,103,591 $1,087,226,081
2063 $841,581,776 $283,697,217 $1,125,278,993
2064 $871,037,139 $293,626,619 $1,164,663,758

Total $17,867,149,487 $6,023,016,09 $23,890,165,579
2

Local Fiscal Impacts During the Facility's Operations
Local Taxable Sales
A majority of the estimated statewide taxable spending during operations can be expected to take place within Brazos County and
likely within the City of Bryan or other cities within the county. If 60% of the
statewide taxable spending by workers, the company, indirect businesses, and visitors during operations occurs locally, the project will
result in the following taxable sales:
Table 56
Local Estimated Total Taxable Sales or Spending
The Facility and

Indirect Taxabl
Workers' Companies' e Spending by
Taxable The Facility's Taxable Total Taxable
Visitors in The
Year Taxable Sales Spending Sales
Spending Community
2024 $161,090 $0 $0 $619,500 $780,590
2025 $1,667,276 $0 $0 $650,847 $2,318,123

2026 $6,902,524 $0 $0 $683,780 $7,586,304
2027 $14,288,225 $0 $733,388 $718,379 $15,739,991
2028 $22,182,469 $0 $1,466,775 $754,729 $24,403,973
2029 $30,611,807 $0 $85,953,015 $792,918 $117,357,740
2030 $39,604,025 $0 $188,216,568 $833,040 $228,653,633
2031 $49,188,199 $0 $256,538,948 $875,191 $306,602,338
2032 $59,394,751 $0 $320,255,654 $919,476 $380,569,880
2033 $70,255,505 $0 $310,692,281 $966,002 $381,913,787
2034 $82,485,452 $0 $302,889,038 $1,014,881 $386,389,370
2035 $94,074,317 $0 $331,432,479 $1,066,234 $426,573,030
2036 $97,366,918 $0 $321,517,080 $1,120,186 $420,004,184
2037 $100,774,760 $0 $313,391,147 $1,176,867 $415,342,774
2038 $104,301,877 $0 $342,961,331 $1,236,417 $448,499,624
2039 $107,952,442 $0 $332,723,241 $1,298,979 $441,974,663
2040 $111,730,778 $0 $324,245,282 $1,364,708 $437,340,767
2041 $115,641,355 $0 $354,839,613 $1,433,762 $471,914,730
2042 $119,688,802 $0 $344,246,933 $1,506,310 $465,442,045
2043 $123,877,910 $0 $335,475,344 $1,582,530 $460,935,784
2044 $128,213,637 $0 $367,129,294 $1,662,606 $497,005,536
2045 $132,701,115 $0 $356,169,741 $1,746,733 $490,617,589
2046 $137,345,654 $0 $347,094,353 $1,835,118 $486,275,125
2047 $142,152,751 $0 $379,844,621 $1,927,975 $523,925,347
2048 $147,128,098 $0 $368,505,490 $2,025,531 $517,659,119
2049 $152,277,581 $0 $359,115,781 $2,128,023 $513,521,384

Local Estimated Total Taxable Sales or Spending

The Facility and
Indirect Taxabl
Companies'
Workers' e Spending by
Taxable
Taxable The Facility's Visitors in The Total Taxable
Spending
Year Spending Taxable Sales Community Sales

2050 $157,607,296 $0 $393,000,336 $2,235,700 $552,843,333
2051 $163,123,552 $0 $381,268,481 $2,348,827 $546,740,860
2052 $168,832,876 $0 $369,886,846 $2,467,678 $541,187,399
2053 $174,742,027 $0 $360,461,938 $2,592,542 $537,796,507
2054 $180,857,998 $0 $394,473,511 $2,723,725 $578,055,234
2055 $187,188,028 $0 $382,697,679 $2,861,545 $572,747,252
2056 $193,739,609 $0 $372,946,345 $3,006,339 $569,692,293
2057 $200,520,495 $0 $408,135,891 $3,158,460 $611,814,846
2058 $207,538,712 $0 $395,952,209 $3,318,278 $606,809,199
2059 $214,802,567 $0 $384,132,234 $3,486,183 $602,420,985
2060 $222,320,657 $0 $374,344,347 $3,662,584 $600,327,588
2061 $230,101,880 $0 $409,665,802 $3,847,911 $643,615,593
2062 $238,155,446 $0 $397,436,449 $4,042,615 $639,634,510
2063 $246,490,887 $0 $387,309,564 $4,247,171 $638,047,622
2064 $255,118,068 $0 $423,854,358 $4,462,078 $683,434,504

Total $5,233,109,413 $0 $12,481,003,383 $80,402,357 $17,794,515,154

With a 2.00% combined local sales tax, the City of Bryan and Brazos County will collect the following sales tax on the spending of workers,
companies and visitors:
Table 57
On
Sales
Workers' The Facility's Taxable Spending of
Year Ta
x
Collections
2024 $3,222 $0 $0 $12,390 $15,612

2025 $33,346 $0 $0 $13,017 $46,362
2026 $138,050 $0 $0 $13,676 $151,726
2027 $285,764 $0 $14,668 $14,368 $314,800
2028 $443,649 $0 $29,336 $15,095 $488,079
2029 $612,236 $0 $1,719,060 $15,858 $2,347,155
2030 $792,081 $0 $3,764,331 $16,661 $4,573,073
2031 $983,764 $0 $5,130,779 $17,504 $6,132,047
2032 $1,187,895 $0 $6,405,113 $18,390 $7,611,398
2033 $1,405,110 $0 $6,213,846 $19,320 $7,638,276
2034 $1,649,709 $0 $6,057,781 $20,298 $7,727,787
2035 $1,881,486 $0 $6,628,650 $21,325 $8,531,461
2036 $1,947,338 $0 $6,430,342 $22,404 $8,400,084
2037 $2,015,495 $0 $6,267,823 $23,537 $8,306,855
2038 $2,086,038 $0 $6,859,227 $24,728 $8,969,992
2039 $2,159,049 $0 $6,654,465 $25,980 $8,839,493
2040 $2,234,616 $0 $6,484,906 $27,294 $8,746,815
2041 $2,312,827 $0 $7,096,792 $28,675 $9,438,295
2042 $2,393,776 $0 $6,884,939 $30,126 $9,308,841
2043 $2,477,558 $0 $6,709,507 $31,651 $9,218,716
2044 $2,564,273 $0 $7,342,586 $33,252 $9,940,111
2045 $2,654,022 $0 $7,123,395 $34,935 $9,812,352
2046 $2,746,913 $0 $6,941,887 $36,702 $9,725,502
2047 $2,843,055 $0 $7,596,892 $38,560 $10,478,507
2048 $2,942,562 $0 $7,370,110 $40,511 $10,353,182
2049 $3,045,552 $0 $7,182,316 $42,560 $10,270,428
2050 $3,152,146 $0 $7,860,007 $44,714 $11,056,867
2051 $3,262,471 $0 $7,625,370 $46,977 $10,934,817
2052 $3,376,658 $0 $7,397,737 $49,354 $10,823,748
2053 $3,494,841 $0 $7,209,239 $51,851 $10,755,930
2054 $3,617,160 $0 $7,889,470 $54,474 $11,561,105


On

Sales
Workers' The Facility's Taxable Spending of
Year Ta
x
Collections

2055 $3,743,761 $0 $7,653,954 $57,231 $11,454,945
2056 $3,874,792 $0 $7,458,927 $60,127 $11,393,846
2057 $4,010,410 $0 $8,162,718 $63,169 $12,236,297
2058 $4,150,774 $0 $7,919,044 $66,366 $12,136,184
2059 $4,296,051 $0 $7,682,645 $69,724 $12,048,420
2060 $4,446,413 $0 $7,486,887 $73,252 $12,006,552
2061 $4,602,038 $0 $8,193,316 $76,958 $12,872,312
2062 $4,763,109 $0 $7,948,729 $80,852 $12,792,690
2063 $4,929,818 $0 $7,746,191 $84,943 $12,760,952
2064 $5,102,361 $0 $8,477,087 $89,242 $13,668,690

Total $104,662,188 $0 $249,620,068 $1,608,047 $355,890,303

Hotel Occupancy Tax Collections
From the overnight lodging spending of visitors to the facility, the city and county will collect the following hotel occupancy taxes:
Table 58
from Visitors
City Hotel County Hotel Total Hotel

6SHQGLQJRQ Occupancy Occupancy Occupancy
Year /RGJLQJ Tax Tax Tax
Collections Collections Collections
2024 $82,600 $32,450 $115,050

2025 $86,780 $34,092 $120,872
2026 $91,171 $35,817 $126,988
2027 $95,784 $37,629 $133,413
2028 $100,631 $39,533 $140,164
2029 $105,722 $41,534 $147,256
2030 $111,072 $43,635 $154,707
2031 $116,692 $45,843 $162,536
2032 $122,597 $48,163 $170,760
2033 $128,800 $50,600 $179,400
2034 $135,318 $53,160 $188,478
2035 $142,165 $55,850 $198,015
2036 $149,358 $58,676 $208,035
2037 $156,916 $61,645 $218,561
2038 $164,856 $64,765 $229,620
2039 $173,197 $68,042 $241,239
2040 $181,961 $71,485 $253,446
2041 $191,168 $75,102 $266,270
2042 $200,841 $78,902 $279,743
2043 $211,004 $82,894 $293,898
2044 $221,681 $87,089 $308,770
2045 $232,898 $91,496 $324,393
2046 $244,682 $96,125 $340,808
2047 $257,063 $100,989 $358,053
2048 $270,071 $106,099 $376,170
2049 $283,736 $111,468 $395,204
2050 $298,093 $117,108 $415,202
2051 $313,177 $123,034 $436,211
2052 $329,024 $129,259 $458,283
2053 $345,672 $135,800 $481,472
2054 $363,163 $142,671 $505,835

from Visitors

City Hotel County Hotel Total Hotel
6SHQGLQJRQ Occupancy Occupancy Occupancy
Year /RGJLQJ Tax Tax Tax
Collections Collections Collections

2055 $381,539 $149,890 $531,430
2056 $400,845 $157,475 $558,320
2057 $421,128 $165,443 $586,571
2058 $442,437 $173,815 $616,252
2059 $464,824 $182,610 $647,434
2060 $488,345 $191,850 $680,194
2061 $513,055 $201,557 $714,612
2062 $539,015 $211,756 $750,771
2063 $566,290 $222,471 $788,760
2064 $594,944 $233,728 $828,672

Total $10,720,314 $4,211,552 $14,931,866

Property Tax Collections - JETI Investment
As detailed in an earlier section of this report ("Estimated Ad Valorem Taxes Imposed by Each Taxing Unit on the Investment") the
annual property taxes to be collected on the facility's investment property is summarized below:
Table 59
Ad Valorem Tax Collections for Local Taxing Units on Investment
Year City of Bryan Brazos County Bryan ISD Total
2024 $243,360 $159,783 $105,300 $508,443

2025 $5,170,027 $3,394,487 $2,237,031 $10,801,546
2026 $25,261,424 $16,585,906 $10,930,424 $52,777,754
2027 $51,856,658 $34,047,552 $22,437,977 $108,342,187
2028 $62,268,661 $40,883,767 $26,943,171 $130,095,598
2029 $64,950,679 $42,644,700 $28,103,659 $135,699,038
2030 $67,639,403 $44,410,038 $47,672,772 $159,722,213
2031 $72,040,079 $47,299,391 $50,774,402 $170,113,872
2032 $68,763,998 $45,148,413 $48,465,395 $162,377,806
2033 $65,969,165 $43,313,409 $46,495,575 $155,778,149
2034 $64,008,424 $42,026,044 $45,113,630 $151,148,098
2035 $63,016,173 $41,374,561 $44,414,283 $148,805,018
2036 $62,707,687 $41,172,018 $44,196,860 $148,076,565
2037 $63,011,603 $41,371,561 $44,411,063 $148,794,227
2038 $63,831,366 $41,909,793 $44,988,838 $150,729,996
2039 $65,067,813 $42,721,608 $45,860,295 $153,649,716
2040 $66,523,270 $43,677,218 $101,192,128 $211,392,616
2041 $68,303,183 $44,845,856 $103,899,650 $217,048,689
2042 $70,452,456 $46,257,005 $107,169,024 $223,878,485
2043 $72,879,277 $47,850,384 $110,860,592 $231,590,253
2044 $75,588,819 $49,629,389 $114,982,222 $240,200,431
2045 $78,606,371 $51,610,626 $119,572,384 $249,789,381
2046 $81,976,386 $53,823,278 $124,698,694 $260,498,357
2047 $85,641,584 $56,229,739 $130,274,025 $272,145,348
2048 $89,622,708 $58,843,628 $136,329,928 $284,796,264
2049 $93,941,741 $61,679,377 $142,899,841 $298,520,960
2050 $98,622,549 $64,752,657 $150,020,069 $313,395,275
2051 $103,690,909 $68,080,393 $157,729,825 $329,501,128
2052 $109,174,515 $71,680,767 $166,071,233 $346,926,516
2053 $115,103,040 $75,573,262 $175,089,431 $365,765,732
2054 $121,508,503 $79,778,900 $184,833,127 $386,120,531
2055 $128,425,301 $84,320,266 $195,354,641 $408,100,208
2056 $135,890,366 $89,221,608 $206,710,153 $431,822,127
2057 $143,943,436 $94,509,016 $218,960,112 $457,412,564
2058 $152,627,262 $100,210,560 $232,169,547 $485,007,369

Ad Valorem Tax Collections for Local Taxing Units on Investment

Year City of Bryan Brazos County Bryan ISD Total

2059 $161,987,834 $106,356,436 $246,408,417 $514,752,687
2060 $172,074,623 $112,979,123 $261,751,974 $546,805,721
2061 $182,940,838 $120,113,560 $278,281,159 $581,335,557
2062 $194,643,710 $127,797,321 $296,083,028 $618,524,059
2063 $207,244,789 $136,070,817 $315,251,208 $658,566,814
2064 $220,810,268 $144,977,511 $335,886,389 $701,674,169

Total $3,898,030,261 $2,559,331,727 $5,165,629,479 $11,622,991,467

Property Tax Collections - Land, Existing Buildings, and Inventories
In addition to the property taxes generated for local taxing units on the facility's eligible JETI investment, local taxing units will also
benefit from property taxes paid on the facility's taxable land, existing buildings, and inventory property. The table below shows the
estimated taxable value of this property.
Table 60
Appraised Value of the Facility's Land, Existing Buildings, & Inventories
Total
Appraised
Value of
Existing Non-JETI
Year Land Buildings Inventories Property
2024 $7,000,000 $0 $0 $7,000,000
2025 $7,000,000 $0 $0 $7,000,000

2026 $7,000,000 $0 $3,000,000 $10,000,000
2027 $7,000,000 $0 $9,000,000 $16,000,000
2028 $7,000,000 $0 $51,000,000 $58,000,000
2029 $7,000,000 $0 $195,000,000 $202,000,000
2030 $7,000,000 $0 $277,000,000 $284,000,000
2031 $7,000,000 $0 $359,000,000 $366,000,000
2032 $7,000,000 $0 $401,000,000 $408,000,000
2033 $7,000,000 $0 $418,000,000 $425,000,000
2034 $7,000,000 $0 $437,000,000 $444,000,000
2035 $7,000,000 $0 $454,000,000 $461,000,000
2036 $7,000,000 $0 $473,000,000 $480,000,000
2037 $7,000,000 $0 $493,000,000 $500,000,000
2038 $7,000,000 $0 $514,000,000 $521,000,000
2039 $7,000,000 $0 $536,000,000 $543,000,000
2040 $7,000,000 $0 $567,000,000 $574,000,000
2041 $7,000,000 $0 $595,350,000 $602,350,000
2042 $7,000,000 $0 $625,117,500 $632,117,500
2043 $7,000,000 $0 $656,373,375 $663,373,375
2044 $7,000,000 $0 $689,192,044 $696,192,044
2045 $7,000,000 $0 $723,651,646 $730,651,646
2046 $7,000,000 $0 $759,834,228 $766,834,228
2047 $7,000,000 $0 $797,825,940 $804,825,940
2048 $7,000,000 $0 $837,717,237 $844,717,237
2049 $7,000,000 $0 $879,603,098 $886,603,098
2050 $7,000,000 $0 $923,583,253 $930,583,253
2051 $7,000,000 $0 $969,762,416 $976,762,416
2052 $7,000,000 $0 $1,018,250,537 $1,025,250,537

Appraised Value of the Facility's Land, Existing Buildings, & Inventories
Total
Appraised
Value of
Existing Non-JETI
Year Land Buildings Inventories Property

2053 $7,000,000 $0 $1,069,163,064 $1,076,163,064
2054 $7,000,000 $0 $1,122,621,217 $1,129,621,217
2055 $7,000,000 $0 $1,178,752,278 $1,185,752,278
2056 $7,000,000 $0 $1,237,689,892 $1,244,689,892
2057 $7,000,000 $0 $1,299,574,386 $1,306,574,386
2058 $7,000,000 $0 $1,364,553,106 $1,371,553,106
2059 $7,000,000 $0 $1,432,780,761 $1,439,780,761
2060 $7,000,000 $0 $1,504,419,799 $1,511,419,799
2061 $7,000,000 $0 $1,579,640,789 $1,586,640,789
2062 $7,000,000 $0 $1,658,622,828 $1,665,622,828
2063 $7,000,000 $0 $1,741,553,970 $1,748,553,970
2064 $7,000,000 $0 $1,828,631,668 $1,835,631,668

$SSUDLVHG9DOXH$VVXPSWLRQV
/DQG9DOXH1RLQFUHDVHRYHUWLPH
,QYHQWRULHV&RPSDQ\ VSURMHFWLRQV

Table 61
Ad Valorem Taxes for Other Taxing Units on Land, Existing Buildings, & Inventories

9DOXHRI
/DQG
([LVWLQJ
%XLOGLQJV City of Bryan Brazos County Bryan ISD Total
Year ,QYHQWRULHV

2024 $43,680 $28,679 $66,444 $138,803
2025 $43,680 $28,679 $66,444 $138,803
2026 $62,400 $40,970 $94,920 $198,290
2027 $99,840 $65,552 $151,872 $317,264
2028 $361,920 $237,626 $550,536 $1,150,082
2029 $1,260,480 $827,594 $1,917,384 $4,005,458
2030 $1,772,160 $1,163,548 $2,695,728 $5,631,436
2031 $2,283,840 $1,499,502 $3,474,072 $7,257,414
2032 $2,545,920 $1,671,576 $3,872,736 $8,090,232
2033 $2,652,000 $1,741,225 $4,034,100 $8,427,325
2034 $2,770,560 $1,819,068 $4,214,448 $8,804,076
2035 $2,876,640 $1,888,717 $4,375,812 $9,141,169
2036 $2,995,200 $1,966,560 $4,556,160 $9,517,920
2037 $3,120,000 $2,048,500 $4,746,000 $9,914,500
2038 $3,251,040 $2,134,537 $4,945,332 $10,330,909
2039 $3,388,320 $2,224,671 $5,154,156 $10,767,147
2040 $3,581,760 $2,351,678 $5,448,408 $11,381,846
2041 $3,758,664 $2,467,828 $5,717,506 $11,943,998
2042 $3,944,413 $2,589,785 $6,000,059 $12,534,258
2043 $4,139,450 $2,717,841 $6,296,740 $13,154,031
2044 $4,344,238 $2,852,299 $6,608,255 $13,804,792
2045 $4,559,266 $2,993,480 $6,935,345 $14,488,091
2046 $4,785,046 $3,141,720 $7,278,790 $15,205,556
2047 $5,022,114 $3,297,372 $7,639,408 $15,958,894
2048 $5,271,036 $3,460,807 $8,018,056 $16,749,898
2049 $5,532,403 $3,632,413 $8,415,637 $17,580,453
2050 $5,806,840 $3,812,600 $8,833,096 $18,452,535
2051 $6,094,997 $4,001,796 $9,271,429 $19,368,222
2052 $6,397,563 $4,200,451 $9,731,678 $20,329,693
2053 $6,715,258 $4,409,040 $10,214,940 $21,339,237
2054 $7,048,836 $4,628,058 $10,722,365 $22,399,259
2055 $7,399,094 $4,858,027 $11,255,161 $23,512,282
2056 $7,766,865 $5,099,494 $11,814,596 $24,680,956
2057 $8,153,024 $5,353,035 $12,402,004 $25,908,064
2058 $8,558,491 $5,619,253 $13,018,782 $27,196,527

Ad Valorem Taxes for Other Taxing Units on Land, Existing Buildings, & Inventories

9DOXHRI
/DQG
([LVWLQJ
%XLOGLQJV City of Bryan Brazos County Bryan ISD Total
Year ,QYHQWRULHV

2059 $8,984,232 $5,898,782 $13,666,399 $28,549,413
2060 $9,431,260 $6,192,287 $14,346,397 $29,969,943
2061 $9,900,639 $6,500,467 $15,060,394 $31,461,500
2062 $10,393,486 $6,824,057 $15,810,092 $33,027,635
2063 $10,910,977 $7,163,826 $16,597,274 $34,672,077
2064 $11,454,342 $7,520,583 $17,423,816 $36,398,740

Total $199,481,974 $130,973,982 $303,442,772 $633,898,727

The Total Tax Revenues for Local Taxing Units from the Facility's Operations
The total increase in local tax revenues from the facility's operations are shown below.
Table 62
Tax Revenues for Local Taxing Units During Operations by Year
Property
Taxes
Property on
City County City Hotel County Hotel Taxes on Land
Sales Tax Sales Tax Occupancy Occupancy JETI , Existing Total Local
Year Collections Collections Taxes Taxes Investment Buildings, & Revenues
Inventories
2024 $11,709 $3,903 $82,600 $32,450 $508,443 $138,803 $777,908

2025 $34,772 $11,591 $86,780 $34,092 $10,801,546 $138,803 $11,107,583
2026 $113,795 $37,932 $91,171 $35,817 $52,777,754 $198,290 $53,254,757
2027 $236,100 $78,700 $95,784 $37,629 $108,342,187 $317,264 $109,107,664
2028 $366,060 $122,020 $100,631 $39,533 $130,095,598 $1,150,082 $131,873,924
2029 $1,760,366 $586,789 $105,722 $41,534 $135,699,038 $4,005,458 $142,198,907
2030 $3,429,804 $1,143,268 $111,072 $43,635 $159,722,213 $5,631,436 $170,081,429
2031 $4,599,035 $1,533,012 $116,692 $45,843 $170,113,872 $7,257,414 $183,665,868
2032 $5,708,548 $1,902,849 $122,597 $48,163 $162,377,806 $8,090,232 $178,250,196
2033 $5,728,707 $1,909,569 $128,800 $50,600 $155,778,149 $8,427,325 $172,023,150
2034 $5,795,841 $1,931,947 $135,318 $53,160 $151,148,098 $8,804,076 $167,868,439
2035 $6,398,595 $2,132,865 $142,165 $55,850 $148,805,018 $9,141,169 $166,675,662
2036 $6,300,063 $2,100,021 $149,358 $58,676 $148,076,565 $9,517,920 $166,202,603
2037 $6,230,142 $2,076,714 $156,916 $61,645 $148,794,227 $9,914,500 $167,234,143
2038 $6,727,494 $2,242,498 $164,856 $64,765 $150,729,996 $10,330,909 $170,260,518
2039 $6,629,620 $2,209,873 $173,197 $68,042 $153,649,716 $10,767,147 $173,497,595
2040 $6,560,112 $2,186,704 $181,961 $71,485 $211,392,616 $11,381,846 $231,774,723
2041 $7,078,721 $2,359,574 $191,168 $75,102 $217,048,689 $11,943,998 $238,697,252
2042 $6,981,631 $2,327,210 $200,841 $78,902 $223,878,485 $12,534,258 $246,001,327
2043 $6,914,037 $2,304,679 $211,004 $82,894 $231,590,253 $13,154,031 $254,256,898
2044 $7,455,083 $2,485,028 $221,681 $87,089 $240,200,431 $13,804,792 $264,254,103
2045 $7,359,264 $2,453,088 $232,898 $91,496 $249,789,381 $14,488,091 $274,414,218
2046 $7,294,127 $2,431,376 $244,682 $96,125 $260,498,357 $15,205,556 $285,770,223
2047 $7,858,880 $2,619,627 $257,063 $100,989 $272,145,348 $15,958,894 $298,940,801
2048 $7,764,887 $2,588,296 $270,071 $106,099 $284,796,264 $16,749,898 $312,275,514
2049 $7,702,821 $2,567,607 $283,736 $111,468 $298,520,960 $17,580,453 $326,767,045
2050 $8,292,650 $2,764,217 $298,093 $117,108 $313,395,275 $18,452,535 $343,319,879
2051 $8,201,113 $2,733,704 $313,177 $123,034 $329,501,128 $19,368,222 $360,240,378
2052 $8,117,811 $2,705,937 $329,024 $129,259 $346,926,516 $20,329,693 $378,538,239
2053 $8,066,948 $2,688,983 $345,672 $135,800 $365,765,732 $21,339,237 $398,342,372
2054 $8,670,829 $2,890,276 $363,163 $142,671 $386,120,531 $22,399,259 $420,586,729
2055 $8,591,209 $2,863,736 $381,539 $149,890 $408,100,208 $23,512,282 $443,598,865
2056 $8,545,384 $2,848,461 $400,845 $157,475 $431,822,127 $24,680,956 $468,455,249
2057 $9,177,223 $3,059,074 $421,128 $165,443 $457,412,564 $25,908,064 $496,143,495
2058 $9,102,138 $3,034,046 $442,437 $173,815 $485,007,369 $27,196,527 $524,956,331

Tax Revenues for Local Taxing Units During Operations by Year

Property

Taxes

on
Property
City City City Hotel County Hotel Taxes on Land

, Existing
Occupancy Occupancy JETI
Sales Tax Sales Tax Buildings, & Total Local
Year Taxes Taxes Investment
Collections Collections Inventories Revenues

2059 $9,036,315 $3,012,105 $464,824 $182,610 $514,752,687 $28,549,413 $555,997,954
2060 $9,004,914 $3,001,638 $488,345 $191,850 $546,805,721 $29,969,943 $589,462,410
2061 $9,654,234 $3,218,078 $513,055 $201,557 $581,335,557 $31,461,500 $626,383,981
2062 $9,594,518 $3,198,173 $539,015 $211,756 $618,524,059 $33,027,635 $665,095,155
2063 $9,570,714 $3,190,238 $566,290 $222,471 $658,566,814 $34,672,077 $706,788,604
2064 $10,251,518 $3,417,173 $594,944 $233,728 $701,674,169 $36,398,740 $752,570,271

Total $266,917,727 $88,972,576 $10,720,314 $4,211,552 $11,622,991,467 $633,898,727 $12,627,712,364

Table 63
Tax Revenues for Local Taxing Units During Operations by Taxing Unit

Property

Taxes

Property on

Taxes on Land
Hotel
, Existing
Sales Tax Occupancy JETI Total Local
Buildings, &
Taxes Investment
Collections Inventories Revenues

City of Bryan $266,917,727 $10,720,314 $3,898,030,261 $199,481,974 $4,375,150,276
Brazos County $88,972,576 $4,211,552 $2,559,331,727 $130,973,982 $2,783,489,837
Bryan ISD $0 $0 $5,165,629,479 $303,442,772 $5,469,072,250

Total $355,890,303 $14,931,866 $11,622,991,467 $633,898,727 $12,627,712,36
4

Discussion of Indirect and Induced Impacts
This analysis calculated the direct economic impact of the facility from its construction project and during its operations. In addition,
the indirect and induced impacts were also calculated.
Indirect revenues, jobs and salaries are created in new or existing firms in the state, such as parts suppliers, that may supply goods
and services to the facility. In addition, induced revenues, jobs and salaries are created and supported in new or existing businesses,
such as retail stores, gas stations, banks, restaurants, and service companies that may supply goods and services to workers and
their families.
To estimate the indirect and induced economic impact of the facility on the state, regional economic multipliers were used. Regional
economic multipliers for the state and counties are included in the US Department of Commerce’s Regional Input-Output Modeling System
(RIMS II).
Three types of regional economic multipliers were used in this analysis: an output multiplier, an employment multiplier and
an earnings multiplier.
The output multipliers show the estimated total output - inclusive of direct, indirect, and induced revenues - of other companies in the
state for every dollar of revenue at the facility or for every dollar spent during construction. The employment multipliers show the total
number of jobs created for each direct job of the associated activity. The earnings multipliers show the total amount of salaries paid to
these workers.
The following multipliers were used in this analysis to estimate the statewide impacts:
Table 64
State of Texas RIMS II Multipliers Used in this Analysis
Type II (Direct + Indirect + Induced) Multipliers
During During
Construction Operations
Output multiplier 2.6383 1.9557

Employment multiplier 2.1899 3.6509
Earnings multiplier 1.8977 1.8775
The local economic impact is estimated for Brazos County with the multipliers shown below.
Table 65
Brazos County RIMS II Multipliers Used in this Analysis
Type II (Direct + Indirect + Induced) Multipliers
During During
Construction Operations
Output multiplier 1.5778 1.3181

Employment multiplier 1.5691 2.1442
Earnings multiplier 1.3915 1.3371

About Impact DataSource
Impact DataSource is a 30-year old Austin, Texas economic consulting, research and analysis firm. The firm has conducted
economic impact analyses of numerous projects in Texas and 39 other states. In addition, the firm has developed economic
impact analysis computer programs for several clients including the Tennessee Department of Economic & Community
Development.
The firm’s principal, Paul Scheuren, performed this economic impact analysis. Paul has a Master of Arts in economics from Clemson
University as well as a Bachelor of Business Administration in actuarial science from Temple University.
Some Rates and Assumptions Used in this Analysis

State tax rates for tax revenues that go into the state's general revenue fund:
Texas business franchise tax:
Texas franchise tax is a tax on “taxable margin,” which is a concept similar to taxable income. Generally,
an entity’s taxable margin is its revenue less either its cost of goods sold or its compensation
expense, but not both. If 70% of the entity’s revenue is less than either of these calculations, then 70% of
revenue is the taxable margin. Taxable margin must then be apportioned to business done in Texas,
measured by the ratio of gross receipts from business done in Texas to gross receipts from business done
everywhere. The tax rate is then applied to the apportioned margin. A rate of .375% is used for taxable
entities primarily engaged in retail or wholesale trade, and a .75% rate is used for all other entities.
Sales and use tax rate 6.25%

Hotel occupancy tax rate 6.00%
Gasoline tax, per gallon $0.20
Percent of gasoline taxes going into state general revenues 25.00%
Motor vehicle sales and use tax 6.25%
Percent of total salaries that a typical worker spends on taxable goods and services 26.00%

Estimated other taxes collected annually by the state for the general revenue fund for each worker
household:
Amount of
Number of Annual
Total Households Collections
Collections in the State Per Worker
in 2023 $&6 Household
Cigarette and tobacco taxes $1.218 B 11,087,708 $110

Alcoholic beverage taxes $2.052 B 11,087,708 $185
Net lottery proceeds $3.350 B 11,087,708 $302
Total $597.00
Some assumptions used in this analysis:
$QQXDOVWDWHJDVROLQHWD[FROOHFWLRQVSHUZRUNHU
Miles driven per year by a typical worker 15,000

Miles per gallon 20
Number of gallons of gasoline purchased each year by a typical worker 750
Gasoline tax, per gallon $0.20
Gasoline taxes paid each year by a typical worker $150
Percent of gasoline taxes going into the general fund 25%
Gasoline taxes paid each year by a typical worker going to the general fund $37.50
$QQXDOPRWRUYHKLFOHVDOHVDQGXVHWD[FROOHFWLRQVSHUZRUNHU
Number of new or used automobiles purchased per 10 workers each year 2

Average value of new or used automobiles purchased by a typical worker who $35,000
purchases an automobile
Motor vehicle sales and use tax 6.25%
Annual motor vehicle sales and use taxes paid by a typical worker $437.50
(VWLPDWHGRWKHUWD[HVFROOHFWHGDQQXDOO\E\WKHVWDWHIRUWKHJHQHUDOUHYHQXHIXQG
IRUHDFKZRUNHUKRXVHKROG

Summary of annual state taxes, other than sales taxes,
collected from each worker:
Gasoline taxes $37.50
Motor vehicle sales and use taxes $437.50
Cigarette and tobacco taxes $110.00
Alcoholic beverage taxes $185.00
Net lottery proceeds $302.00
Total $1,072.00
Estimated annual increase in the above taxes per worker over each of the next 41 years 3.00%
Local tax rates used in this analysis:
Local Sales Tax Rates

City of Bryan and other cities in Brazos County 1.50%
Brazos County 0.50%
Local Hotel Occupancy Tax Rates

City of Bryan
7.00%
Brazos County
2.75%
Local Property Tax Rates
City: City of Bryan 0.624000

County: Brazos County 0.409700
School: Bryan ISD 0.949200
M&O Rate: 0.679200
I&S Rate: 0.270000
Total Rate
1.9829
00
Form AP-243: Application for Taxable Value Limitation on Eligible Property America's
Foundry Bryan LLC
Tab 9 – Sworn Affidavit
Schedule A: Total Eligible Investment for Economic Impact
Date 6/14/24
Applicant Name America's Foundry Bryan LLC
ISD Name Bryan ISD
ELIGIBLE INVESTMENT AMOUNTS
(Estimated Investment in each year. Do not put cumulative totals.)
Column A Column B Column C
New Eligible investment made during this year

New eligible investment as defined in Section
Tax Year for tangible personal property as defined in Total Investment
403.602(13) made during this year and after the
(Fill in actual tax year Section (403.602(9)(B)) placed into service after (for this year only)
date the agreement was entered into.
below) the date the agreement was entered into
Year YYYY
1 2024 0 39,000,000 39,000,000
2 2025 247,000,000 564,000,000 811,000,000
3 2026 1,702,000,000 1,709,000,000 3,411,000,000

Complete Tax years of Construction Period (Add
additional years if necessary)
4 2027 1,855,000,000 2,843,000,000 4,698,000,000
5 2028 1,400,000,000 957,000,000 2,357,000,000
6 2029 1,256,000,000 61,000,000 1,317,000,000
Total Eligible Investment 12,633,000,000.00
For All Columns: List amount invested each year, not cumulative totals. Also you may only alter the green-shaded cells.
Column A: This represents the total dollar amount of planned investment in tangible personal property. Only tangible personal property that is specifically described in the application can become eligible property.
Column B: The total dollar amount of planned investment each year in buildings or nonremovable component of buildings.
Column C: Do not alter any formulas in column C. This Column adds up the values listed in Columns A and B
Total Eligible Investment The summation of all totals
Schedule B: Estimated Market And Taxable Value
Date 6/14/24
Applicant Name America's Foundry Bryan LLC Per 403.605 the limitation is either 50% of
market value or if on opportunity zone it is
ISD Name Bryan ISD 25% of market value.
Located in an opportunity zone? Yes .25
Estimated Taxable Value
Final taxable value for I&S after Final taxable value for M&O after
Year of Year of School Year Tax Year Estimated Market Value of Estimated Taxable Value of Real all reductions (land plus real all reductions
Project Incentive (YYYY-YYYY) (YYYY) Land Property property) (land plus real property)
1 2024-2025 2024 7,000,000 39,000,000 46,000,000 7,000,000

2 2025-2026 2025 7,000,000 828,530,000 835,530,000 7,000,000
Construction Period 3 2026-2027 2026 7,000,000 4,048,305,100 4,055,305,100 7,000,000

Insert as many rows as necessary
4 2027-2028 2027 7,000,000 8,310,361,847 8,317,361,847 7,000,000
5 2028-2029 2028 7,000,000 9,978,952,092 9,985,952,092 7,000,000
6 2029-2030 2029 7,000,000 10,408,762,629 10,415,762,629 7,000,000
7 1 2030-2031 2030 7,000,000 10,839,647,950 10,846,647,950 2,716,911,987
8 2 2031-2032 2031 7,000,000 11,544,884,411 11,551,884,411 2,893,221,103
9 3 2032-2033 2032 7,000,000 11,019,871,479 11,026,871,479 2,761,967,870
10 4 2033-2034 2033 7,000,000 10,571,981,635 10,578,981,635 2,649,995,409
Incentive Period 11 5 2034-2035 2034
(Incentive period will need to equal no 7,000,000 10,257,760,286 10,264,760,286 2,571,440,071
more than 10 consecutive years.
Section 403.613(a)).
12 6 2035-2036 2035 7,000,000 10,098,745,677 10,105,745,677 2,531,686,419
13 7 2036-2037 2036 7,000,000 10,049,308,807 10,056,308,807 2,519,327,202
14 8 2037-2038 2037 7,000,000 10,098,013,343 10,105,013,343 2,531,503,336
15 9 2038-2039 2038 7,000,000 10,229,385,542 10,236,385,542 2,564,346,386
16 10 2039-2040 2039 7,000,000 10,427,534,176 10,434,534,176 2,613,883,544
17 2040-2041 2040 7,000,000 10,660,780,451 10,667,780,451 10,667,780,451
18 2041-2042 2041 7,000,000 10,946,022,937 10,953,022,937 10,953,022,937
19 2042-2043 2042 7,000,000 11,290,457,674 11,297,457,674 11,297,457,674
20 2043-2044 2043 7,000,000 11,679,371,273 11,686,371,273 11,686,371,273
21 2044-2045 2044 7,000,000 12,113,592,746 12,120,592,746 12,120,592,746
22 2045-2046 2045 7,000,000 12,597,174,918 12,604,174,918 12,604,174,918
23 2046-2047 2046 7,000,000 13,137,241,277 13,144,241,277 13,144,241,277
24 2047-2048 2047 7,000,000 13,724,612,849 13,731,612,849 13,731,612,849
25 2048-2049 2048 7,000,000 14,362,613,534 14,369,613,534 14,369,613,534
26 2049-2050 2049 7,000,000 15,054,766,243 15,061,766,243 15,061,766,243
Additional years for a 20 27 2050-2051 2050 7,000,000 15,804,895,608 15,811,895,608 15,811,895,608

year economic impact as 28 2051-2052 2051 7,000,000 16,617,132,881 16,624,132,881 16,624,132,881
required by
403.609(b)(2) 29 2052-2053 2052 7,000,000 17,495,915,861 17,502,915,861 17,502,915,861
Must total at least 20 years with
construction, Incentive, and additional 30 2053-2054 2053
years
7,000,000 18,445,999,923 18,452,999,923 18,452,999,923
Insert as many rows as necessary
31 2054-2055 2054 7,000,000 19,472,516,572 19,479,516,572 19,479,516,572
32 2055-2056 2055 7,000,000 20,580,977,772 20,587,977,772 20,587,977,772
33 2056-2057 2056 7,000,000 21,777,302,299 21,784,302,299 21,784,302,299
34 2057-2058 2057 7,000,000 23,067,858,371 23,074,858,371 23,074,858,371
35 2058-2059 2058 7,000,000 24,459,497,165 24,466,497,165 24,466,497,165
36 2059-2060 2059 7,000,000 25,959,588,857 25,966,588,857 25,966,588,857
37 2060-2061 2060 7,000,000 27,576,061,364 27,583,061,364 27,583,061,364
38 2061-2062 2061 7,000,000 29,317,441,998 29,324,441,998 29,324,441,998
39 2062-2063 2062 7,000,000 31,192,902,251 31,199,902,251 31,199,902,251
40 2063-2064 2063 7,000,000 33,212,305,937 33,219,305,937 33,219,305,937
41 2064-2065 2064 7,000,000 35,386,260,959 35,393,260,959 35,393,260,959
Notes: Market value in future years is a good faith estimate of future taxable value for the purposes of property taxation.
Only include market value for eligible investment on this schedule.
Question in Cell B5 will need to be answered for the formulas to compute limitation
Only highlighted cells should be filled out
Construction Period: You will need to insert rows as necessary or delete if less than 3
Incentive Period: Cannot exceed 10 years and must be consecutive
Row Year of Incentive: Year 1 must coincide with the 1st year of the incentive period. This must match the information provided in the application
Row Year of Project: Will need to at least 20 years
Column Additional years: Will need to adjust this section to accommodate the 20 years required.
Final Taxable value for M&O column will calculate the appraised real property value at zero for construction period only (403.605(b)).
Yes
No

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Texas Comptroller of Public Accounts

Form AP-243: Application for Taxable Value Limitation on Eligible Property

Application for Taxable Value Limitation on Eligible Property

SECTION 1: Applicant Information

3. Texas Taxpayer I.D. number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32095222736

4. NAICS code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 334413

5. Applicant’s form of business (corporation, limited liability corporation, etc) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LLC

7. Provide parent company information (if applicable)

1198 S. Van Ness Ave. #40026, San Francisco, CA 94110

8. Authorized Company Representative

1198 S. Van Ness Ave. #40026

9. Additional Authorized Company Representative (if applicable)

____________________________________________________ __________________________ _______________________

SECTION 1: Applicant Information (continued)

McGuireWoods Consulting LLC

SECTION 2: School District Information

Bryan Independent School District

2. Authorized School District Consultant (if applicable and known)

SECTION 4: Project Information

For more information, visit our website: comptroller.texas.gov/economy/development/prop-tax/jeti/ Page 2

SECTION 4: Project Information (continued)

M&O (ISD): Bryan ISD, $0.679200, 100%

County: Brazos, $0.409700, 100%

Hospital District: N/A

Other (describe): N/A

7. List all state and local incentives.

County: Brazos, Ch 312 abatement

Hospital District: N/A

Other (describe): See Tab 3

b. An Enterprise Zone under Government Code Chapter 2303 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ii. order, resolution, or ordinance establishing the Reinvestment Zone; or

A zone must be designated before the agreement is executed.

SECTION 5: Eligible Property

2. The property will be used for one of the following activities:

a. A Manufacturing Facility as classified in NAICS 311111-339999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ✔

For more information, visit our website: comptroller.texas.gov/economy/development/prop-tax/jeti/ Page 3

SECTION 5: Eligible Property (continued)

e. Research, Development, or Manufacture of high-tech equipment or technology as classified in NAICS 541713-541720 . . . . . . . . . . . . . . . . . . . . . . . . . .

f. Related to Critical Infrastructure as classified in:

ii. NAICS 424710 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

iii. NAICS 486110-486990 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SECTION 6: Ineligible Property

SECTION 7: Projected Timeline

SECTION 8: Job and Wage Requirements

1. Number of new required jobs applicant will create . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

2. Wage NAICS code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 334413

a. Indicate the NAICS level used (county, WDA or statewide) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . WDA

d. 110% of the Average Annual Wage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $71,042

For more information, visit our website: comptroller.texas.gov/economy/development/prop-tax/jeti/ Page 4

SECTION 9: Limitation as Compelling Factor

SECTION 10: Economic Benefit Statement and Schedules

6. the total impact of the project on state and local taxes.

SECTION 11: Section 403.606 Affidavit

SECTION 12: Authorized Signature

Click to Submit Form

For more information, visit our website: comptroller.texas.gov/economy/development/prop-tax/jeti/ Page 5

(Page Inserted by Office of Texas Comptroller of

Description of Proposed Project:

Reinvestment Zone under Tax Code Chapter 312

____________________________ _

2024 0.67920 $0 0.27000 $105,300 $105,300

2042 0.67920 $76,684,789 0.27000 $30,484,236 $107,169,024

2059 $161,987,834 $106,356,436