Republic releases study showing $230M economic effect in Nevada
- Republic Services says its operations in Nevada had an economic impact of $230 million in 2015. These numbers are based on a study conducted by the Arizona State University's L. William Seidman Research Institute.
- The study said that Republic created 3,000 direct and indirect jobs (including 1,300 employees in the Southern Nevada area) and contributed $185 million in payroll. The average employee salary was $75,000.
- The company also had $23 million in annual tax revenue effect and spent $81 million in direct purchases.
Republic maintains a large presence in Nevada, servicing more than 535,000 customers with more than 430 collection trucks. More than one-third of those trucks are fueled by compressed natural gas. The company also operates two transfer stations, one landfill — which isn't projected to reach capacity for hundreds of years — and the the largest material recovery facility in the country.
The company has exclusive franchise agreements for municipal waste collection with Las Vegas, Clark County, North Las Vegas and Henderson that go back decades. This prominent position has recently attracted complaints from numerous competitors and legal action from property owners for various reasons. Last summer, the commissioner of Clark County also questioned whether the local government was losing money in its franchise agreement with Republic.
Last fall, Republic released the results of a study which said the company provided an $187 million economic impact to Missouri. The company has also been experiencing some challenges there due to public opposition over the ongoing Bridgeton Landfill situation. Both studies show that despite any local events the company plays a sizable role in state economies and they are here to stay.
- Republic Services Republic Services Announces $230 Million Economic Impact in Nevada
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