The CPV Valley Energy Center represents a long-term source of additional revenue for town government and the local school district through a PILOT (Payment in Lieu of Taxes) agreement. During its first two decades of operation, the project is estimated to provide in excess of $45 million in additional revenue that can be used to help reduce tax burdens, provide funding for infrastructure maintenance, support local recreation and civic programs and much more.
In addition to the increased local revenue, the project injects funds into the local economy with the creation of long-term well-paying jobs. Approximately 900 construction jobs were created at the peak of construction, and 23 direct full-time workers have been employed since the plant began operations in 2018.
Local merchants and other businesses have benefitted from the increased economic activity resulting from the new jobs created in the area. This new income is spent in the local economy because of CPV’s corporate philosophy to purchase local material, to the greatest extent possible, as just one of the ways of supporting the host community.