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.