economic impact

A new economic impact study shows the growing positive effects on economies in the U.S. through operations conducted by Fermi National Accelerator Laboratory. In Illinois and South Dakota, positive ripple effects from Fermilab spending contributed $1.6 billion in economic output during fiscal year 2022 and supported 7,242 jobs.

Fermilab taking applicants for DUNE jobs

Fermilab looking for Lead area and southwest SD people who would like to join the Long Baseline Neutrino Facility/Deep Underground Neutrino Experiment team. There are a series of hiring events planned to meet with those interested in being part of DUNE including the Lead Employment Expo, which will be held at the Sanford Lab Homestake Visitor’s Center on April 16.

From the Rapid City Journal, January 20, 2022: A 2021 economic study done for SURF and the South Dakota Science and Technology Authority shows the large economic impacts in advancing South Dakota’s economy. The impacts include job creation, household earnings, and spending for activities and experiments at SURF and the LBNF/DUNE. The partnership with Fermilab to construct and operate part of the Long-Baseline Neutrino Facility at SURF will result in significant spending and employment in South Dakota in the coming decades.

From the Black Hills Pioneer, June 20, 2021: The former Homestake Gold Mine was the largest and deepest in the western hemisphere and today it is the largest science project attempted on U.S. soil. The LBNF/DUNE includes a collaboration of more than 1,300 scientists from 32 countries. Read more about the significant impacts LBNF/DUNE is having on South Dakota.

From Kane County Connects, Dec. 19, 2019: The results of a study on Fermilab’s economic impact in Illinois are out, and they demonstrate its substantial impact on the state, including job creation, procurement of goods and services, and increased earnings for Illinois households.

The results are out: According to a just-released economic impact study, Fermilab provides substantial benefits for the state of Illinois. It has directly and indirectly generated millions of dollars for Illinois households, businesses and the state. The total annual economic impact in Illinois came to $452 million.

From CERN, Dec. 3, 2019: Large-scale scientific facilities, such as those for conducting particle physics research, are financed by society. A team of economists recently performed a cost-benefit analysis of upgrading the Large Hadron Collider. They concluded that the socioeconomic and cultural benefits gained from the project — not including potential scientific discoveries — exceed the total pecuniary investment.