WASHINGTON, Sept. 22 /PRNewswire/ -- A substantial program of new
investment in nuclear energy infrastructure will generate peak employment of
350,000 and cumulative GDP of $542 billion over twenty years, according to a
report prepared by Oxford Economics for the American Council on Global Nuclear
Competitiveness. These benefits will be realized across manufacturing,
construction, and host of other economic sectors.
Many of these impacts will to be generated in states according to the
expected concentration of the necessary engineering, manufacturing and other
skills. Benefits of the investment program are not confined to states which
are expected to increase nuclear capacity. Some of the largest benefits are
expected to be found in states such as Texas and South Carolina which are
assumed in the report to invest heavily in new nuclear capacity. However,
states such as California will also see significant benefit due to the supply
of key manufactured products.
According to the study, the top dozen states in peak job creation would
be:
-- South Carolina -- 50,800 jobs
-- Texas -- 47,100
-- Illinois -- 43,400
-- Florida -- 29,300
-- California -- 22,100
-- Pennsylvania -- 21,500
-- New York -- 20,800
-- North Carolina -- 20,700
-- Ohio -- 20,600
-- Maryland -- 17,900
-- Arizona -- 17,300
-- Georgia -- 15,200
The report was commissioned by the Council to examine the state-level
economic and employment benefits that could accrue if the U.S. were to embark
on a large-scale effort to build new nuclear power plants and other nuclear
energy infrastructure. This study builds on a study conducted in 2007 by the
economic modeling experts at Oxford Economics which examined the benefits that
could accrue if the United States were to engage in a new wave of nuclear
power plant construction. This follow-on study identifies which states stand
to reap the largest share of the design, manufacturing, construction,
operations and other jobs that would be created by the nuclear infrastructure
construction program.
Council President Scott Campbell said 'This state-level analysis clearly
and powerfully articulates the benefits of building new nuclear
infrastructure.