The proposed $3.7 billion project will generate 8,000 – 12,000 immediate jobs for our skilled workforce during the construction phase and permanent jobs in operations to support the facility long term. These jobs will pay good, living wages – wages that will enable thousands of families in Iowa, Illinois, and the Dakotas to support their families and invest in their communities
Construction and operation of the Dakota Access Pipeline will also generate tax revenue that will allow us to increase investment in our own infrastructure needs, funding roads, schools, and community services like police and fire departments along the proposed pipeline route and throughout the states crossed by the project. The millions of hours of labor required to complete the project will generate an estimated $50 million in revenue from income and sales taxes during construction and the pipeline will continue to generate an estimated $50 million annually in property taxes and nearly $74 million in sales taxes
Private Investment Funding the Public Good
Economic development projects of this magnitude are rarely executed without some financial cost to the taxpayer – whether through abatements, incentives, property tax breaks, or other measures. Dakota Access is a multi-billion dollar project aimed at improving the public good through improved energy infrastructure, and it is funded entirely through private investment. That’s a major win for taxpayers along the route.