The term “multiplier effect” as it pertains to the local economy and wind project development describes how increased spending in one part of a economy starts a chain reaction that results in an overall increase in economic activity. When a consumer spends money to buy goods or services at a local business, the local business will, in turn, spend some of this money locally on additional goods and services, and the local providers of these goods and services will likewise spend some of this money locally.
Benefits of Community Wind
Wind energy provides many benefits:
Clean Electricity: Widespread wind development addresses climate change by providing a non-polluting source of energy that can displace greenhouse gas emissions from conventional power.
Energy Independence: Wind generation promotes national security by reducing our reliance on foreign and volatile sources of fossil fuels.
This report by Teresa Welsh of The Iowa Policy Project was published April 2005. This report highlights three analyses that compare the economic development benefits of small-scale, locally owned generation to other larger capacity ownership structures and discusses the barriers and changes necessary to aid the development of small scale, locally owned wind generation, specifically in Iowa.
Published by the United States Government Accountability Office (GAO) in September 2004, this report examines the amount of electricity generated by U.S. wind power and prospects for its growth, the contribution of wind power to farmers' income and rural communities, the advantages and disadvantages for farmers of owning a wind power project versus leasing land for a project, and USDA's efforts to promote wind power in rural communities.