Economic Benefits of Carolinas’ Nuclear Cluster
The nuclear industry provides a significant economic impact in North and South Carolina. Of the 100 operating reactors in the United States regulated by the Nuclear Regulatory Commission, 12 are located in the two-state Carolinas region, with two new reactors currently under construction and two more under construction near the South Carolina-Georgia border. In addition, the Savannah River Site in Aiken, South Carolina is a major federal installation housing many different companies providing a variety of nuclear industry-related services. This report provides an estimate of the economic impact of the nuclear industry based on the contributions of the currently operating plants, the construction of new nuclear plants, the Savannah River Site, and the nuclear industry’s suppliers, subcontractors, and institutions that support all of these entities. The analysis also presents the economic contribution of both induced and indirect effects, such as grocery stores and hair salons that organically grow in communities to support the employees of the nuclear industry.