The Economic Impact of Adding Wind Energy In Communities on Minnesota’s North Shore of Lake Superior, 2007

Abstract

These summary tables present the total economic impact from wind-generated energy as ten percent and twenty percent of total energy supply in the combined three-county region, as well as Cook, Lake and St. Louis Counties. Impacts are projected for 2010, 2015, and 2020, using population and energy consumption to estimate inputs for these projections. Sources for all tables are IMPLAN and the UMD Labovitz School’s Bureau of Business and Economic Research. The calculations in these models use 2008 dollars for reports, without adjustments for inflation. Readers should also be mindful of the diminishing reliability of modeling an economy as projections proceed into the future; therefore the values projected for 2010 will warrant most scrutiny.