1,000’s of spin-off jobs and millions in revenue for Oregon businesses.
As a major investment in the energy infrastructure of Southern Oregon, The Jordan Cove Project will provide an economic boost throughout construction and after completion. The Project offers numerous benefits, including new jobs, new tax revenue, new economic activity and new industry.
The Project will revitalize the Port of Coos Bay, making it a major U.S. West Coast port. Numerous other tangible benefits to the surrounding communities include:
At peak construction, the Project will create more than 6,000 well-paying jobs, with more than 200 permanent positions once in operation. This is in addition to the thousands more indirect and spin-off jobs that will be created during construction of the Project.
Jordan Cove LNG’s Engineering, Procurement and Construction (EPC) contractor, KBJ, has executed a Project Labor Agreement with the Oregon Building and Construction Trades Council, the Pacific Northwest Regional Council of Carpenters and the International Union of Operating Engineers Local 701 for construction of the LNG Terminal. This agreement ensures the Project will be built with local, skilled union labor with a long track record of safely completing complex industrial projects on time. Jordan Cove is committed to using union labor for construction of the pipeline and is in discussions with trade unions regarding the timing of construction, available resources and required skill sets.
The construction and operation of the facility will create temporary and long term revenue for local businesses, either as official suppliers to the Project or through increased business from a growing workforce.
For more information on how local businesses will benefit from the Project, please see Resource Report 5: Socioeconomics and its associated appendices.
Tax revenues from the Project will help fund infrastructure projects and local services. The Jordan Cove LNG Terminal will generate $40 million per year on average in payments to Coos County and the pipeline will generate on average $20 million for Coos, Douglas, Jackson and Klamath counties each year.
During operations, the Jordan Cove LNG Terminal and pipeline, together, are estimated to pay Oregon state taxes of approximately $50 million per year, on average.
Together, that totals more than $100 million to state and local governments, on average, each year during operations.
Through its Community Enhancement Plan (CEP), Jordan Cove LNG Terminal will provide $40 million per year in payments in lieu of taxes to the Port of Coos Bay’s Enterprise Zone. The zone sponsors, which include the Port of Coos Bay, Coos County and the Coos Bay and North Bend school districts, will then determine how to use these funds to support infrastructure projects, schools, police and fire departments, and other programs, facilities and services that will help the community thrive.
The Jordan Cove Project created and will continue to manage a grant program for programs and services that help support community needs. Additionally, the Project donates to or sponsors numerous events throughout the four counties. For more information about the grant program or donation/sponsorship opportunities, contact email@example.com.