Economic Impacts of Vermont Yankee Closure
On December 29, 2014, the Vermont Yankee Nuclear Power Station (VY) will no longer operate as an energy production facility. When fully operational, the facility had over 600 workers, most living in Windham County, VT; Cheshire County, NH; and Franklin County, MA. For over 40 years, VY has been an important component of this region’s economy. So what is the magnitude of economic impact to our tri-state region due to the discontinuing of operations and decommissioning of VY, especially the loss of local income? This is a question that four regional economic development planning organizations are seeking to answer. These organizations are: the Brattleboro Development Credit Corporation, the Franklin Regional Council of Governments, the Southwest Regional Planning Commission, and the Windham Regional Commission. This study, completed by the University of Massachusetts’ Donahue Institute, begins to provide some insight.