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CITY OF EVERETT AQUASOX PAGE 2 <br />ECONOMIC IMPACT UPDATE SCOPE OF WORK MARCH 12, 2024 <br />•Jobs, wages, business revenues and visits at Funko Field. CAI <br />will collaborate with the City of Everett and the AquaSox to obtain <br />jobs, wages, and business revenues associated with the AquaSox’s <br />operations at Funko Field for 2023. Data will include jobs, wages, and <br />business revenues pertaining to the AquaSox organization, in addition <br />to jobs, employment, and business revenues for vendors operating <br />within Funko Field. <br />•Alternative site assumptions. To inform updated potential <br />economic impacts for the Downtown Site, CAI will work with Angel of <br />the Winds Arena to collect jobs, employment, and business revenues <br />associated with all the Arena’s events. <br />•Visitation and visitor spending. Additionally, CAI will work with <br />the AquaSox and Angel of the Winds Arena to obtain attendance data <br />alongside any visitor spending or visitor place of origin data available <br />for 2023. <br />We will leverage the previously collected data and assumptions as well as <br />any existing research conducted in 2023. <br />Task 2. Economic and Fiscal Impact Analysis <br />Community Attributes will utilize the Input-Output model developed for the <br />2022 analysis, updated to accurately reflect 2023 data, to analyze the <br />economic impact of the AquaSox at their current location (Funko Field) in <br />addition to estimating the potential economic impacts associated with the <br />Downtown Broadway and Hewitt Ave Site. Total economic impacts will <br />include additional jobs, income, and business revenues supported through <br />upstream business-to-business transactions (indirect) and worker income <br />expenditures elsewhere in the economy (induced) for Snohomish County. <br />Task 3. Draft and Final Briefing Document <br />CAI will work with the City of Everett to design a high-level summary <br />memorandum to support communications on the economic impacts of the two <br />sites analyzed. The summary memo will be technical in nature and include <br />basic data tables and charts as necessary to illustrate the impacts. <br />B UDGET AND S CHEDULE <br />Total amount billed shall not exceed $14,500. <br />CAI acknowledges time is of the essence and will complete the work quickly <br />once given notice to proceed. The timeframe for completion is contingent <br />upon the responsiveness and timeliness of data providers.