Press Release Provided Courtesy of Cox Communications
FOR IMMEDIATE RELEASE
March 10, 2022
Pensacola – The Gulf Coast’s economy is getting a $530 million boost from Cox operations annually in Escambia, Santa Rosa, Okaloosa, and Walton counties, a recently released report concluded. That total includes the $18.4 million Cox pays in taxes to support local schools and governments, increasing their ability to provide vital services to these communities.
Market Vice President David Deliman said Cox commissioned the study in 2021 to track how the company’s local purchasing, wage, tax and philanthropic investments benefit local businesses, nonprofits, governments, schools and residents.
“We’re proud to be impactful members of the communities we serve,” Deliman said. “Not only do our team members live and work here, but we strive to make a difference in our communities because it’s our Cox culture. It’s engrained in our heritage dating all the way back to 1898 by our founder, Governor James M. Cox.”
Applied Analysis, an economic research and analysis consultancy that conducted the study, examined Cox operational data during the years 2019 and 2020. It used the IMPLAN model, one of three nationally recognized impact analysis software tools, to generate a comprehensive description of economic activity attributable to Cox.
The model includes the direct economic effects such as wages and other operating expenditures. It also sites indirect impacts such as the economic benefits the community accrues when employees spend their salaries at local restaurants, buy homes, pay property taxes or otherwise inject money into local coffers. Cox employs over 350 people in Gulf Coast and another 1,700 jobs have been created as a result of Cox’s spending here.
The final measure included in the study is Cox’s social impact, which measures its philanthropic outreach and includes cash, in-kind services and volunteer hours its employees contribute. During the 2019-2020 study period, Cox donated an average of over $1 million in cash and in-kind services to Gulf Coast non-profits and logged over 2,600 volunteer hours over the two-year period.
About Сoх Communications
Cox Communications is committed to creating meaningful moments of human connection through technology. The largest private broadband company in America, we proudly serve nearly seven million homes and businesses across 18 states. We’re dedicated to empowering others to build a better future and celebrate diverse products, people, suppliers, communities and the characteristics that make each one unique. Cox Communications is the largest division of Cox Enterprises, a family-owned business founded in 1898 by Governor James M. Cox.
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Cam Johnson
Manager, Public Affairs
Cox Southeast Region
O 850.857.4571
C 850.865.6719
3405 McLemore Drive
Pensacola, FL 32514
