Economic Assessment of Proposed Brockton Clean Energy Facility
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Final Economic Assessment Report
EXECUTIVE SUMMARY
Economic Impacts – Citywide & Regional
The construction and eventual operation of the proposed Brockton Clean Energy facility (“the Project”) will create economic impacts for the city and the larger 3-county regional ‘Metro South’ economy which Brockton is a part of. The MetroSouth region consists of Bristol, Norfolk, and Plymouth counties. Plymouth County is where Brockton is located. Economic impacts include the direct spending associated with the Construction Phase and Operations and Maintenance & Phase activities, subsequent indirect impacts from cycles of businesses making purchases of local
supplies/services, and induced impacts from workers’ spending take-home wages where they live.
During the 26-30 month construction phase, the Project brings $368.6 million in total economic stimulus, new tax revenues and new job salaries. The economic impacts emerge as follows :
City of Brockton:
- Direct Construction Budget: $279.6 million of direct economic stimulus
- including 300 new construction jobs and $47 million in new wages;Indirect: $4.4 million of indirect economic stimulus including 22 new jobs and $1.7 million in new wages;
- Induced: $8.8 million of induced economic stimulus including 73 new jobsand $3.0 million in new wages;
Rest of Greater Brockton Region:
- $75.8 million of additional economic stimulus benefits in the 3-county region including 362 new construction-related and other required services jobs and $36.4 million in new wages;
During the 30 year Operation and Maintenance Phase, the Project brings $12.5 million in total economic stimulus, new tax revenue and new job salaries annually. The economic development can be outlined as follows:
City of Brockton:
- Direct Annual Budget: $6.1 million of direct economic stimulus including 22 new positions and $2.6 million in new wages
- Indirect: $3.4 million of indirect economic stimulus including 15 new positions and $1.7 million in new wages
- Induced: $816k of induced economic stimulus including 6 new positions and $388k in new wages
Rest of Greater Brockton Region:
$2.1 million of additional economic stimulus benefits in the 3-county region including 14 new operation-related and services jobs and $1 million in new wages.
The Project accomplishes three key outcomes – additional capacity of clean energy generation into the regional energy marketplace which itself has likely positive economic implications to energy customers; new revenues contributed by
the facility to the City of Brockton to support municipal programs; and economic development opportunities (vis a vis construction-related and annual O&M spending) for new business sales, household income creation and future in-fill of
suppliers to the city’s economy.
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Help is on its way for Brockton Football, Track, Elders
Saying they want to play a positive role in the Brockton community, officials at Brockton Clean Energy (BCE) are pledging help for battered athletic fields and have promised to provide funds to the Friends of the Council on Aging.Officials at the company have already made donations to a number of Brockton charities, including the Boys and Girls Clubs, among others, and they are actively meeting with community leaders to see where they can be of help in these terrible economic times.
“Brockton Clean Energy is committed to corporate responsibility – we want to be a good neighbor,” said Ron Kelly, project manager and engineer. “That means working with non-profits, the schools and youth organizations to find out where the needs are and how we can help.”
Brockton Clean Energy has committed $500,000 to help rehabilitate Rocky Marciano Stadium and $100,000 for the Council on Aging, through the Friends of the Council on Aging, to use as it sees fit. Under local laws, no private money can be directly given to either the schools or the Council on Aging. However, Brockton Clean Energy is prepared to make contributions to the football booster program through Gary Leonard’s Save Our Sports non-profit organization and to the Friends of the Council on Aging to support program-ming for seniors.Brockton Athletic Director Tom Kenney said the money is badly needed at the financially-strapped athletic complex.
“Two major things need to be done: We need a track replacement…and the playing field at the stadium is getting to the point where we have to replace that surface,” the athletic director said.
Kenney said the track can no longer be used for competition with other schools and replacement of the surface would cost roughly $225,000. He said that Brockton High School has opted out of holding playoff games at the stadium because of the condition of the field surface. That replacement cost could be in the area of $650,000.
“I feel strongly enough about the track that I do not want people competing there,” said Kenney. “The playing field at the stadium – our maintenance people do a great job – but if you live in Brockton you know it is used a lot. We are reaching the point where we have to replace that.”
