PORTLAND, Ore.--(BUSINESS WIRE)--Today, Comcast released the findings from a recent economic impact study conducted by ECONorthwest. Comcast’s business operations generated $528 million in annual economic impact and directly supported 1,914 jobs in Oregon, as well as 1,221 jobs created indirectly, according to the study. Labor income accounted for $192 million dollars. Comcast employees averaged a total compensation of $57,200 per year. Construction spending supported an additional 1,072 jobs, with a labor income of $54.7 million.
The report used data for 2016 and examined the broad economic effects the company has on Oregon’s economy. Those effects come from several sources, including Comcast’s business purchases, charitable contributions and capital spending. These sources support additional economic activities in other parts of the state including purchased goods and services from local businesses and spending by Comcast’s employees in the regional economy.
“We employ nearly 2,000 Oregonians, providing living wage jobs for their families as well as a vital service that connects individuals and businesses throughout the Willamette Valley," said Rodrigo Lopez, Comcast’s Regional Senior Vice-President for Oregon/SW Washington. “We’re proud of the investment Comcast has made in the state, adding more than $500 million to the Oregon economy in 2016 alone, and we plan to continue investing and growing here.”
Comcast Oregon/SW Washington is also celebrating more than $3.5 million in financial contributions and gift-in-kind donations, as well as thousands of hours of service work by its almost 2,000 employees in the region.
For more information about the ECONorthwest economic impact study, please visit http://oregon.comcast.com/
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation’s largest video, high-speed internet, and phone providers to residential customers under the XFINITY brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the XFINITY brand. NBCUniversal operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts. Visit www.comcastcorporation.com for more information.