ECONOMIC
DEVELOPMENT
Regional
Economic Benefits
Downeast LNG's proposed project will generate and support
diverse economic development during its construction and operation.
Economic benefits, direct and secondary, will include job
creation and increased business spending throughout the construction
and operation phases. Secondary economic impacts will be created
through the provision of goods and services to the LNG facility
and the subsequent increase in employment and business activity
necessary to produce these goods and services.
In
Maine, the total annual economic impact during the 3-year
construction phase is projected to be $180 million in economic
value and 1,860 jobs created. During the 30-year operation
phase, the annual economic impact is projected to be about
$26 million in economic value and 299 jobs created.
The
following economic benefits of the proposed facility are based
upon Downeast LNG assumptions and results generated by the
Maine Regional Output Simulation Model, Maine State Planning
Office:
Annual
Economic Benefits
| Construction
Phase (3 years) |
| Direct
local construction employment |
240
jobs |
| Secondary
employment created |
1,620
jobs |
| Direct
and secondary employment payroll |
$54
million |
| Total
expenditures (sales) |
$127
million |
| Operation
Phase (30 years) |
| Direct
operation employment |
56
jobs |
| Secondary
employment created |
243
jobs |
| Direct
and secondary employment payroll |
$9
million |
| Total
expenditures (sales) |
$17
million |
| Tax
revenue (local, county, state) |
$3-5
million |
More
info on the project's local economic development impact:
University
of Maine Economic Impact Report (PDF,
434K)
Economic
Development Impact Report
(Available by Request - PDF, 210K)
Sustainable
Economic Development Plan (Available by Request - PDF, 1.2MB)
"Economic
Impact and Development" section of our FAQs.
(PDF, 801K)
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