Economic Impact
An impact assessment exhibits the vast economic potential to the State of Texas of the GNL and RCE in the coming years.
| Project
| Output
(Gross State Product)
| Employment
| State Fiscal Revenue
| Local Gov’t Revenue
|
| Regional Center of Excellence & the GNL |
$69.4
million
(over 5 years) |
1,003
people
(over 5 years) |
$3.559 million
(over 5 years) |
$0.386
Million
(over 5 years) |
| Construction Phase |
$286.1 million
(over 5 years) |
4,262
people
(over 5 years) |
$15.777 million
(over 5 years) |
$1.705 million
(over 5 years) |
| Research & Implementation Phase |
$1.1
billion
(over 20 years) |
18,226 people
(over 20 years) |
$55.594 million
(over 20 years) |
$5.968 million
(over 20 years) |
|
The aggregate impact of the construction phase of the GNL on business activity in the State of Texas…
- New construction = $165 million
- Communication = $10 million
- Food products = $17 million
- Chemicals & petroleum refining = $21 million
- Transportation = $17 million
- Electric, gas & water = $22 million
- Retail trade = $54 million
- Real estate = $54 million
- Business services = $30 million
- Health Services $17 million
The construction of this project has employed roughly 2,400 people.