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Economic Impact Study of the Uranium Mill Tailings Remedial Action Project in Colorado: Colorado State Fiscal Year 1993

Description: The Colorado economic impact study summarizes employment and economic benefits to the state from activities associated with the Uranium Mill Tailings Remedial Action (UMTRA) Project during Colorado state fiscal year 1993 (July 1, 1992, through June 30, 1993). To capture employment benefits, a questionnaire was distributed to subcontractor employees at the active UMTRA Project sites of Grand Junction, Rifle, and Gunnison, Colorado. An estimated 52 percent of the employees working on the UMTRA Project responded to this information request. Economic data were requested from each site prime subcontractor, as well as from the Remedial Action Contractor. The most significant benefits associated with the UMTRA Project in Colorado are summarized.
Date: December 1, 1993

Colorado Economic Impact Study on the Uranium Mill Tailings Remedial Action Project in Colorado: Colorado State Fiscal Year 1993

Description: The Colorado economic impact study summarizes employment and economic benefits to the state from activities associated with the Uranium Mill Tailings Remedial Action (UMTRA) Project during Colorado state fiscal year (FY) 1993. To capture employment benefits, a questionnaire was distributed to subcontractor employees at the active UMTRA Project sites of Grand Junction, Rifle, and Gunnison, Colorado. An estimated 52 percent of the employees working on the UMTRA Project responded to this information request. Economic data were requested from each prime subcontractor, as well as from the Remedial Action Contractor. The most significant benefits associated with the UMTRA Project in Colorado are: Direct employment was estimated at 894 workers; An estimated 89 percent of all direct employment was local; Secondary employment resulting from remedial action at the active Colorado UMTRA Project sites and the Grand Junction vicinity property program is estimated at 546 workers. Total employment (direct and secondary) is estimated at 1440 workers for the period of study (July 1, 1992, to June 30, 1993). An estimated $24.1 million was paid in wages to UMTRA workers in Colorado during FY1993; Direct and secondary wage earnings were estimated at $39.9 million; Income tax payments to the state of Colorado were estimated at $843,400 during FY1993; The gross economic impact of UMTRA Project activities in the state of Colorado is estimated at $70 million during the 1-year study period; and the net economic benefit to the state of Colorado was estimated at $57.5 million, or $5.90 per dollar of funding provided by Colorado. This figure includes both direct and secondary benefits but does not include the impact of alternative uses of the state funding.
Date: November 12, 1993