Community
We're excited that VeraSun chose the Hartley community. They have been a first-class group to work with. From the initial call to locating the plant site, it has been apparent they care about the community and we know the plant will have a positive impact on our entire region."
Iowa farmer and Hartley Economic Development Corporation Board Member
VeraSun recognizes the critical contribution farmers and farming communities make in supporting the ethanol industry. Without them, there would be no grains from which to produce the ethanol. We take seriously our responsibility to be good stewards to farmers and their communities.
VeraSun provides benefits to farmers and their communities by creating a significant demand on local corn production. A single 100MMGY facility creates more than $2 million in annual salaries paid to skilled employees. Local taxes generated from plant revenues feed back into the community to be used for community projects, such as schools, parks, and infrastructure improvements. These factors combine to energize the local economies of these farming communities.
VeraSun's goal is to work in harmony with the local farmers and communities and to share a sense of pride in what we achieve together.
The 2007 Ethanol Fact Book
In the 2007 Ethanol Fact Book published by the Clean Fuels Development Coalition (CFDC), economist Dr. Donis Petersan of the Nebraska Public District estimates the following economic benefits of a 100MMGY ethanol plant:
- $150 million in capital construction investment.
- $70 million to the local economy during construction.
- Expansion of the local economic base by $233 million each year.
- 45 direct jobs plus 101 indirect jobs throughout the area.
- Household incomes raised by $7.9 million annually.
- Millions more in increased local, state, and federal tax revenues.
- Grain prices raised by 5 to 10 cents per bushel.
- Tax revenues of $3.2 million annually.
Download the 2007 Ethanol Fact Book here (PDF - 3.75MB)