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Publication Date: June 2007
Publisher: Center for Governmental Research Inc.
Author(s): Rochelle Ruffer; Kent Gardner
Research Area: Economics; Energy
Keywords: Economic Analysis; Public Finance
Type: Report
Coverage: New York
Abstract:
New York’s Franklin County Industrial Development Agency (IDA) asked CGR to conduct an economic impact study of an 86-tower wind farm project proposed for two towns. CGR assessed the number of jobs the construction phase will generate (332 jobs, direct and spillover), construction-related job earnings ($16 million) and the number of jobs that will be involved in the annual operation of the wind farm (<30 jobs, direct and spillover). CGR also estimated the developer’s annual net revenue from the proposed wind farm in order to provide information to the IDA for the negotiation of a payment-in-lieu-of-tax (PILOT) agreement.