June 30, 2022 1:05pm
Participants in the Impact in Action event heard how Bruce Power and its clean energy suppliers are affecting the region. An new economic impact report titled ‘Who wins with clean energy?’ was released last week.
The report found the so called Clean Energy Frontier region of Bruce, Grey and Huron continues to grow thanks to Bruce Power’s Major Component Replacement project. A Bruce Power media released said the project attracts more local investment and new businesses, creating job opportunities throughout the region. The report found that investment generates hundreds of millions in municipal tax revenue, which is being reinvested into local communities, improving the quality of life for residents.
The report said over $1.43 billion of household spending comes from the clean energy sector. 90% of Bruce Power employees in Ontario live in the Clean Energy Frontier region. 33 individual communities in the Clean Energy Frontier have at least 10 Bruce Power employees living in them—and 13 communities have at least 50 employees. Saugeen Shores and Kincardine are obvious examples, but even in Goderich, Bruce Power is a top-five employer.
The report noted the region is a global leader in the export of medical isotope Cobalt-60, accounting for 40 per cent of global Cobalt-60 exports.
In addition to investment attraction and job creation, the economic impact report suggested there has never been a better time than now to become an entrepreneur in the Clean Energy Frontier
region.
Jessica Linthorne, Director of the Clean Energy Frontier program at the Nuclear Innovation Institute (NII) underscores the importance of entrepreneurship in the region, “With over $1.43 billion of household spending coming from the clean energy sector, it’s an exciting time to be an entrepreneur in Bruce, Grey and Huron.”
