Report Shows Economic Importance of Coal Industry

COAL-MINING-300The economic development directors of Moffat, Rio Blanco and Routt Counties announced yesterday the release of a report outlining measures of the economic activity associated with coal mining and associated electrical power generation in the three-county, Yampa-White River Region of Northwest Colorado. The report, Measurement of Economic Activity for Coal Industry and Electrical Power Generation Industry, prepared by economist Gary Horvath, with primary funding from the Economic Development Council of Colorado and sponsorship by the Colorado Department of Labor and Employment, is intended to establish a shared and objective set of metrics to educate communities about the economic impacts of the coal and electrical power generation industries and inform public policy discussions about the future of the coal industry. Among the findings, the report says that coal mining directly employs over 4 and a half percent of the region’s workforce. It also touches on the indirect influences the industry has on the area’s economy. You can read the full report by clicking here.

Comments are closed.