SAN DIEGO -- As one of just two Fortune 500 companies in San Diego, Qualcomm has evolved into an economic powerhouse.
With a local payroll of 13,000 and the ripple effect of spending by those employees, the company contributes nearly $5 billion to the local economy.
The following are some of the numbers that demonstrate the wireless technology giant's huge financial presence in the county. Most were compiled by the San Diego Regional Economic Development Corp.
Qualcomm's economic impact is $4.9 billion, the equivalent of 35 Comic-Cons.
The company's local employment of 13,000 actually translates into more than 36,000 jobs when taking into account local spending by workers and the company.
While Qualcomm will not divulge salaries, average annual pay for workers in technology is $114,000.
Excluding military, government and public school districts, Qualcomm is fourth largest employer, behind UC San Diego, Sharp HealthCare and Scripps Health.
Every dollar generated directly by Qualcomm results in a nearly $2 increase in region's GDP.
Qualcomm's 15 parcels of land at its Sorrento Mesa campus are valued at nearly $1.4 billion, generating a tax bill of $18.5 million, according to the county assessor's office.
Local and sales tax revenues generated by Qualcomm total more than $13 million.
Qualcomm's reach extends far beyond the local economy. Its investment has spawned novel innovations in robotics, unmanned systems and mobile health and inspired more than 3,300 students to pursue careers in the sciences and engineering through its Thinkabit Lab.
Qualcomm and its various entities have contributed $54 million to UC San Diego over the years, from the Jacobs School of Engineering and Qualcomm Institute to the Rady School of Management, according to the university.
Globally, Qualcomm and the Qualcomm Foundation have given over $335 million to charity between 2000 and 2017. Qualcomm employees also have been generous, having given to more than 900 local organizations for a total of $22 million over the last four years, thanks to a generous company match program.
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