environmental stewardship, philanthropy and community engagement.
ReEnergy directly employs approximately 300 people in four states, but the economic impact of biopower extends far beyond direct employment.
Wages and Taxes
Of all renewable energy choices, bioenergy offers the greatest long-term employment and positive rural economic impact. As a rule of thumb, each 1 megawatt (MW) of biopower supports between three and seven full-time jobs; one job in the facility and the remainder in the community. Based on this calculation, ReEnergy helps support as many as 2,275 families.
In addition, ReEnergy’s payments of sales tax and property taxes – and payments in lieu of taxes, in some cases – contribute to a number of rural municipalities, making a significant difference in their ability to provide services to their citizens. All told, the total economic impact of ReEnergy’s facilities is exceeds $100 million in direct and indirect impact.
Supporting Forestry Industry Partners
ReEnergy is committed to supporting the forestry industry in and around its facilities, and operates an innovative program that assists loggers in acquiring state-of-the-art equipment while providing fuel to ReEnergy’s biomass-to-energy facilities.
Through this program, ReEnergy purchases state-of-the-art wood chippers and negotiates five-year contracts with loggers who wish to procure a chipper and supply fuel to ReEnergy facilities. The loggers pay for the chippers during the course of the contract while supplying fuel, and ownership of the chipper transfers to the logger at the end of the agreement.
Working cooperatively with equipment manufacturers and loggers benefits ReEnergy as much as the logging companies, and improves the economic climate for the entire industry.