economic impact

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.