Study Highlights Wisconsin Energy Producers’ $20 Billion Impact on Wisconsin’s Economy

December 2019 – A new study from Fair Rates for Wisconsin’s Dairyland (FRWD) quantifies the economic impact of Wisconsin energy producers. Conducted by the University of Wisconsin-Whitewater’s Fiscal and Economic Research Center (FERC), the study finds that there are substantial direct, indirect, and induced effects on the economy from the state’s energy providers.

Key findings of the report include:

  • Between worker income and economic output, Wisconsin energy providers annually contribute more than $20 billion to Wisconsin’s economy.
  • Total income of Wisconsin energy provider employees amounts to over $2.7 billion.
  • Wisconsin energy providers generate a total of $1.14 billion annually in taxes, which includes payments in lieu of taxes made by municipal utilities.

“From restaurants, to healthcare services and real estate – Wisconsin energy providers and their labor partners invest and drive economic activity throughout Wisconsin communities,” stated Kathi Kilgore, FRWD Executive Director. “These providers support the communities they help power with the taxes they pay annually, and provide thousands of high-wage jobs. They truly help power Wisconsin’s economy.”

Professor Russell Kashian of the University of Wisconsin-Whitewater Department of Economics and FERC Director explained more about the report. “While we look at the impact the energy industry has on the overall economy, it is also important to recognize that the industry is critical to Wisconsin’s future economic growth.  Businesses look for locations to grow and relocate, and as they do, they seek affordability and reliability for their energy needs.”


Link to report: The Economic Impact of Wisconsin Energy Producers

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POWERING FORWARD

“Forward” is Wisconsin’s motto and the motto that helped mold this organization’s name. Wisconsin’s energy providers drive our state forward by contributing more than $20 billion to the state’s economy annually and employing tens of thousands of skilled workers who build, operate and maintain the electric system.

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