Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

New Study Shows Enbridge's Line 3 Replacement Project Generated Billions in Economic Impact

 


DULUTH, Minn.--(BUSINESS WIRE)--The Area Partnership for Economic Expansion (APEX) is pleased to share the results of a recently completed economic impact study regarding the Enbridge Line 3 Replacement Project (L3RP). The study, commissioned by APEX and conducted by the Bureau of Business and Economic Research (BBER) at the University of Minnesota Duluth’s Labovitz School of Business and Economics, found the project supported, on average, 4,157 jobs per year in the region and had a total impact of over $5 billion.

“Large-scale industrial projects are critical to continued growth and success throughout not just the APEX region but also the entire state of Minnesota,” said Lisa Bodine, APEX board chair. “The project surpassed all economic impact projections and created family-sustaining jobs for many Minnesotans. APEX is proud to advocate for these types of projects in our region because we understand the economic, environmental and social benefits will be felt for decades to come.”

The BBER assessed the economic impact of the L3RP on the fifteen Minnesota counties of Kittson, Marshall, Pennington, Red Lake, Polk, Clearwater, Beltrami, Hubbard, Wadena, Cass, Crow Wing, Itasca, Aitkin, Carlton, and Saint Louis, as well as Douglas County in Wisconsin in 2017 (pre-construction) and 2022 (after completion). The 2017 pre-construction study estimated that the project would create approximately 8,600 jobs and represent an investment of over $2.0 billion.

https://www.businesswire.com/news/home/20220720005858/en/New-Study-Shows-Enbridge%E2%80%99s-Line-3-Replacement-Project-Generated-Billions-in-Economic-Impact

 

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