July 29, 2010

The Pebble Project has the potential to generate significant investment and economic activity in Alaska for 50 - 80 years. Benefits include:
  • an estimated capital investment of $4 to $5 billion;
  • ~1,000 high-skill, high-wage operations jobs;
  • ~2,000 construction jobs for 2 - 3 years;
  • hundreds of millions of dollars in annual operating expenditures;
  • significant annual payments to state and local governments;
  • supply and service contracts and spin-off benefits for local communities;
  • new social and economic infrastructure for southwest Alaska.
The Pebble Project has the potential to expand and diversify the economy of a vast region in which permanent jobs are scarce and the cost of living is high. Regional population in the Pebble Project area declined 7% between 2000 and 2006 (school-aged population declined 17%) as families and young people moved away from their villages in search of employment.

The Pebble Project also presents important economic benefits for the nation. It has the potential to produce 25% of America's domestic copper supply for more than 50 years.

Related Reading

Canada's Impact on Alaska - Booklet

McDowell Group - An Assessment of the Economic Development Support Needs of the Bristol Bay/Lake & Peninsula Region

Alaska Miners Association - The Economic Impacts of Alaska's Mining Industry

   
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