A Northern Illinois University study reported this week that the proposed closure of the Byron Generating Station would cost the surrounding three-county area 717 jobs and $97.5 million in employee compensation. The indirect impact would be far greater in terms of lost purchases of goods and services and the resulting loss of support for additional jobs.
The study took into account not just the immediate job losses but the impact on suppliers and economic activity such as purchases of groceries, vehicles, entertainment, housing and healthcare by the affected employees.
When both direct and indirect losses were taken into account, the potential closure of the facility threatened more than 2300 jobs regionwide across fields ranging from trucking and real estate to restaurants and stores.
To read the full study results and its methodology, please visit: https://savebyron.com/wp-content/uploads/2020/10/Byron-Station-Economic-Impact-2020-FINAL.pdf.