15 Ontario businesses, manufacturers, unions and municipalities have united to publically support the Energy East project and the “significant, long-term benefits” they expect the pipeline to generate during construction and operation. We thank them for their support!
The Ontario and Canadian economy will see significant growth as a result of Energy East – in terms of new jobs, additional taxes paid to all levels of government, and substantial spin-off benefits to consumers and businesses, including the 1,100 businesses in Ontario that currently supply Canada’s energy industry.
According to the Conference Board of Canada, Energy East will:
- Support 4,200 full-time jobs in Ontario during construction.
- Sustain nearly 1,400 full-time jobs across the province when in operation.
- Generate $2.6 billion in new federal and provincial taxes in Ontario.
- Pay $50 million annually in property taxes to municipalities along the route in Ontario.
The Energy East project has already spent more than $30 million with local suppliers and partners right here in Ontario, and there will be even more activity generated when the project goes ahead, like the 250 local skilled workers that GE will hire at its Peterborough plant to manufacture some of the electric motors that we need to power pump stations along the pipeline route. Or the activity that GE will create for its own local suppliers, like Steelworks Design, as a result of the Energy East contract.
The benefits of the Energy East project are real and far-reaching!