Why Nuclear—Economic Stimulus Job Creation Across America
Even at this early stage, approximately 15,000 jobs have been created by the Nuclear Renaissance. STP 3&4 expansion created over 600 jobs by the end of 2008 and expects close to 1,000 by the end of 2009. Importantly, the near-term and long-term economic impacts of a new nuclear plant reach beyond the surrounding community and stimulate investment and spending nationwide. In order to meet the expected demand for new nuclear plant development, companies in the nuclear supply chain are already expanding or constructing manufacturing facilities and engineering centers in North Carolina, Indiana, Pennsylvania, Virginia, Tennessee and Louisiana, among other states. In 2008, Toshiba Corporation opened an office in Alexandria, Virginia and hired 150 people in order to support NINA's projects. Fluor Corp. has close to 200 employees in Greenville, South Carolina supporting STP 3&4 development efforts and plans to add more than 100 jobs in 2009. In addition, Sargent & Lundy LLC will likely require almost 100 workers in Illinois on top of the 170 already working on the STP 3 & 4 project.
The Nuclear Renaissance could result in 30+ new nuclear reactors in the U.S. and therefore create 115,000 direct jobs at the new nuclear plants across the nation, of which approximately 40,000 will be jobs brought back to America after having gone to Asia and Europe during the contraction of the U.S. nuclear industry.
Additionally, the nuclear renaissance would lead to another 181,000 - 250,000 indirect jobs for third party maintenance and repair, industrial equipment providers, consultants, and other goods and service providers to the new fleet of plants.
Lastly, the nuclear renaissance would create an additional 218,000 – 242,000 induced jobs or non-nuclear positions in local services and businesses such as schools and home construction to support the direct and indirect positions.