News

November 14, 2013

What economic benefits is GREC bringing to the Gainesville area?

Biomass energy plants make a substantial, positive impact on local and regional economies by generating well-paying, “green collar” jobs in the construction and operation of the plant, as well as the collection and transportation of biomass material. Based on an economic benefits analysis conducted for GREC, it is estimated that nearly 700 permanent jobs have been created throughout the region due to the operation of the project, in addition to the approximately 45 direct jobs at the plant. In addition, GREC is supporting local businesses and encouraging investment in surrounding communities. The dollars spent on GREC’s biomass fuel stay in the local, state and regional economies since GREC is primarily utilizing fuel sources that are within a 75-mile radius of the plant. GREC is also increasing the local tax base.

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