Economic Benefits for Our Communities:
- Direct Spending: With an estimated capital expense of $3.5 billion, the MVP project anticipates spending $407 million directly in Virginia, and $811 million directly in West Virginia
- Labor & Employment: During peak employment, the MVP project is expected to contribute more than 4,400 jobs to the Virginia economy, and an estimated 4,500 jobs to West Virginia’s economy
- Labor Income: The MVP project will have a positive impact on labor income – contributing an estimated, average employee labor income of $56,200 in Virginia, and a $49,300 average employee labor income in West Virginia
- Tax Revenues: A significant source of state and local tax revenues will be generated during the construction phase, with approximately $34 million generated in Virginia, and $47 million generated in West Virginia
- Ad Valorem Taxes: Once the MVP is operational, counties along the route will continue to receive tax revenues – generating an estimated $7 million in Virginia, and close to $17 million to the counties in West Virginia
As the lead federal agency, the Federal Energy Regulatory Commission, typically referred to as the FERC, will oversee the federal permitting process for the Mountain Valley Pipeline project and will also coordinate with other federal, state, and local agencies during the environmental review process to identify potential environmental concerns.