Economic Impact

Qualifications

David G. Loomis is a Full Professor in the Department of Economics at Illinois State University and has been with ISU since 1996.

Dr. Loomis is Director and Founder of the Illinois Wind Working Group.

  • Founded the organization and grew the organizing committee to over 200 key wind stakeholders
  • Organized annual wind energy conference with over 400 attendees
  • Organized strategic conferences to address critical wind energy issues
  • Initiated monthly conference calls to stakeholders
  • Devised organizational structure and bylaws

Dr. Loomis is Director of the Center for Renewable Energy.
  • Created founding document approved by the Illinois State University Board of Trustees and Illinois Board of Higher Education.
  • Secured over $150,000 in funding from private companies.
  • Hired and supervised 4 professional staff members and supervised 3 faculty members as Associate Directors.
  • Reviewed renewable energy manufacturing grant applications for Illinois Department of Commerce and Economic Opportunity for a $30 million program.
  • Created technical "Due Diligence" documents for the Illinois Finance Authority loan program for wind farm projects in Illinois.

Dr. Loomis is Executive Director of the Institute for Regulatory Policy Studies.
  • Grown contributing membership from 5 companies to 16 organizations.
  • Doubled the number of workshop/training events annually.
  • Supervised 2 Directors, Administrative Staff and internship program.
  • Developed and implemented state-level workshops concerning regulatory issues related to the electric, natural gas, and telecommunications industries.

Dr. Loomis served as Chair for the International Communications Forecasting Conference from 1997-2002.
  • Expanded Planning Committee with representatives from over 18 different international companies and delivered high quality conference attracting over 500 people over 4 years.

Dr. Loomis was an economist in business research for Bell Atlantic from 1985-1996.
  • Wrote and taught Applied Business Forecasting multimedia course.
  • Developed and documented 25 econometric demand models that were used in regulatory filings
  • Provided statistical and analytic support to regulatory costing studies.
  • Served as subject matter expert in switched and special access
  • Administered $4 million budget including $1.8 million consulting budget.

Economic Impact Study of the Proposed Rock Island Clean Line

Rock Island Clean Line LLC ("Clean Line") is proposing to build the Rock Island Clean Line, a 500-mile, high voltage direct current transmission line that will connect the wind resources in the tri-state region of Iowa, Nebraska, and South Dakota with energy demand centers in Illinois and points farther east. The construction of the proposed transmission line is expected to stimulate the construction of approximately 4,000 MW of additional wind farms in the tri-state region.

This report estimates that the construction of the Rock Island Clean Line itself will-when considering the production of inputs to the line such as towers, wire, and real estate services-create a demand for approximately 2,700 construction jobs per year for three years in Iowa and approximately 1,450 construction jobs per year for three years in Illinois, as well as an estimated 143 permanent operations and maintenance jobs in Iowa and 80 such jobs in Illinois. Furthermore, in regard to the production of the components for the wind farms that would serve the line, the report estimates that the Rock Island Clean Line would support thousands of manufacturing supply chain jobs in both states and would result in the creation of about 400 permanent operations and maintenance jobs at those associated wind farms in Iowa. Finally, the report summarizes tax and other investment benefits the construction and operation of the transmission line and the related wind farms would enable.





Economic Impact of the Prairie Breeze Wind Energy Project

Invenergy Wind Development LLC is developing the Prairie Breeze Wind Energy Project in Antelope County, Nebraska, near the town of Elgin. The purpose of this report is to aid decision makers in evaluating the economic impact of this project on Antelope County and the State of Nebraska. The basis of this analysis is to study the direct, indirect and induced impacts on job creation, wages and total economic output.









Economic Impact of the California Ridge Wind Energy Project

Invenergy Wind Development LLC is developing the California Ridge Wind Energy Project in Vermilion and Champaign Counties, Illinois, approximately 5 miles northwest of Danville, Illinois. The purpose of this report is to aid decision makers in evaluating the economic impact of this project on Vermilion and Champaign Counties and the State of Illinois. The basis of this analysis is to study the direct, indirect and induced impacts on job creation, wages and total economic output.





New Albany Shale Gas Study

The study was performed for the Illinois Chamber of Commerce Foundation which is interested in studying the potential impacts that hydraulic fracturing of shale gas would have on Illinois economy in terms of direct, indirect, and induced jobs; earnings; and total economic activity. Illinois is home to the New Albany shale gas formation which covers a substantial portion of the southern part of Illinois.