Allergan generates $6.35 billion for CaliforniaStaff Writer | September 27, 2016
A new study shows that Allergan's California operations generated a combined annual economic activity in the state of approximately $6.35 billion and net economic impact of $3.45 billion.
Study By the Orange County Business Council
Allergan's California operations generated annual total statewide labor income of approximately $1.55 billion, providing value added benefits of $3.45 billion to the state.
Allergan is a significant contributor to California state and local tax revenue. In 2016, combined taxes paid directly by Allergan in the state are expected to exceed $108 million.
Allergan's California workforce earns annual compensation, including benefits, of more than $438 million in total compensation, with average annual compensation for Allergan employees of more than $200,000, far exceeding the state's average annual wage of $55,260.
The Allergan Foundation, a U.S.-based, private charitable foundation committed to providing a lasting and positive impact in the communities in which Allergan plc employees live and work, has a long history of providing charitable grants and philanthropy in the state.
Between 2011 and 2016, the Foundation provided grants to more than 450 California organizations totaling more than $11 million. ■