Barrett-Jackson is ranked as the world’s greatest collector car auction. Some of the activities carried out by this company include annual Las Vegas Auction among others.  Its auto shows are notable events in the US. According to the latest 2016 economic and fiscal impact report, car action had an accumulative economic influence of $167,800,000. This research was conducted economists from Elliot D. Pollack and company. This analysis investigated both direct and indirect financial output realized Barrett-Jackson Company throughout the year.  The analysis’ scope also covered the auction activities that are normally carried out by the company at the beginning of the year.

Just to break it down, the economists concentrated on tax revenue generated from the company locally, within the county and within the State so as to find out the fiscal impacts. Barrett Jackson attributed to these great economic and financial on the fact that auction is among the popular and widely attended activities. It might surprise you that at the beginning of this year, the annual auction event was attended by more than 350,000 people. Most of these attendees were exhibitors all from different nations across the world. Such visitors bring in money into the local economy. Furthermore, the activities of these visitors generate opportunities for the county and the city. Barrett-Jackson auction creates a tax revenue of more $6 million a year for the Arizona State. Scottsdale’s coffer gets almost $2 million for Barrett-Jackson auction activities.

The analysis reviled that this company also generated almost 1500 employment opportunities directly and indirectly in different fields including tourism. From this study, we have realized how such a single company has a great influence on the economy of the state. It should be noted that this analysis was paid for by Barrett-Jackson and the city of Scottsdale.