Since
Oyster Creek began operation, the local and state economies
have benefited greatly from the plant's well-paying jobs,
taxes, and products and services purchased by employees
and the station. To quantify that impact, Nuclear
Energy Institute conducted an extensive fiscal impact
analysis study.The study, which is based on a single year
(fiscal year 2003), reveals the following major findings:
- Direct and indirect compensation resulting
from the plant's business activities totaled $52.9
million in Ocean County and $69.3 million
in New Jersey.
- Oyster Creek, with 475 full-time
workers, not including security forces, is one
of the largest employers in Ocean County. Seventy-eight
percent of plant employees live in Ocean County.
- Spending by those employees combined with
the plant's day-to-day business activities supported a
total of 915 jobs across Ocean County and 1,034
across New Jersey.
- Oyster Creek wage earners took their
wages home to a variety of Ocean County locations $5.1
million to Forked River, $4.1 million
to Barnegat, $4.4 million
to Toms River and $2.3 million to Lanoka
Harbor.
- Economic activity by the plant led to $33
million in increased economic output in Ocean
County and $46.5 million more economic
output in New Jersey.
- In terms of electrical production, Oyster Creek contributed
a total of $234 million to Ocean County
's Gross Domestic Product in 2003 and $247 million to
the state's GDP.
- Oyster Creek has impacted virtually every
sector of the Ocean County economy. For example, total
economic output and employment in Ocean County 's hospital
sector increased by $1.9 million and 29 jobs
as a result of the station. For the real estate industry,
output and employment increased by $1.5 million
and nine jobs. For doctors and dentists, it was
$1.8 million and 18 jobs , and for eating
and drinking establishments, $1.3 million and
34 jobs.
- In Ocean County last year, the station's
purchases totaled $7.7 million. It also
paid $9.2 million in direct sales and
local taxes, and was responsible for another $3
million in local taxes paid by employees who
work at the plant.
More economic benefits are found in the full
study. Click
here to
read more.
The study was completed in March 2004 and
analyzed employment and production information supplied
by Oyster Creek, as well as economic data from Ocean County,
the State of New Jersey and the federal government. The study captured economic relationships among households,
businesses, industries and governments, as well as the consumption
of goods and services by various economic sectors.
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