Political and business leaders from Bruce County held a panel discussion in Kincardine Thursday about economic and social benefits of the nuclear supply chain.
Participants at Kincardine's Towne Place Suites by Marriott agreed that Bruce Power creates jobs throughout the province, but especially in Bruce, Grey and Huron counties.
Kincardine District Chamber of Commerce President Matt Smith says the nuclear plant is a vital part of the region's economic growth strategy. He says Bruce power workers buy homes, spend money and pay taxes in the area, which contributes to prosperous regional economy.
Saugeen Shores Chamber of Commerce General Manager Joanne Robbins says the life extension project at Bruce Power will continue to support the region.
The Life Extension Program is expected to see up to $1.2-billion in direct and indirect labour income annually.
It will also create over $1-billion in direct and indirect annual economic benefit. That will come from purchasing equipment, supplies, and materials, mostly in Ontario.
“Our Ontario-based supply chain is critical to the success of Bruce Power and the regional economy,” says Mike Rencheck, president and CEO, Bruce Power. “Creating jobs, supporting community economic development, contributing to local charities and events, and spending locally, we see a significant spin-off effect in our region.”