American Water’s Annual Economic Impact in Illinois Estimated at $232 to $245 Million
October 26 2016 - 3:24PM
Business Wire
Illinois American Water partnered with the University of
Illinois’ Regional Economic Applications Laboratory to analyze the
Company’s impact on the economy in the state of Illinois. The
study, completed earlier this year, determined American Water’s
overall economic impact at $232 to $245 million per year, for a
total economic impact in Illinois of $714 million between 2013 and
2015.
“We are proud to contribute to the economic health of Illinois
and the communities we serve. American Water remains committed to
Illinois, not only to the residents, businesses and fire
departments we serve, but also to our dedicated employees,” said
Bruce Hauk, president of Illinois American Water.
The study states American Water generates between 2,690 and
2,830 jobs per year in Illinois. Illinois is unique to the American
Water footprint. It is home to multiple locations of American Water
subsidiaries, including Illinois American Water, which provides
regulated water and wastewater services to 128 communities. Other
American Water subsidiaries operating in Illinois include the
National Customer Service Center in Alton, National Laboratory in
Belleville, American Water Resources, Military Services Group and
Contract Services Group.
Other highlights of the study in regards to employment and taxes
include:
- American Water employed an average of
1,036 people across the state of Illinois.
- American Water paid an average of $52
million in salaries and wages to its employees in Illinois.
- American Water’s activity in Illinois
generated an estimated $156.7 million in state and local taxes and
$132 million in federal taxes. These figures include taxes paid
directly by the company and those generated from other jobs and
business supported by American Water.
- In 2015, American Water directly and
indirectly generated $43.5 million in state and local taxes and
$44.2 million in federal taxes.
In addition, the study determined that in 2015 alone every $1
spent by American Water generated an additional 86 cents elsewhere
in the Illinois economy. In addition to the job generation
mentioned above, American Water’s activities in Illinois supported
an additional 1,686 jobs, $107.4 million of activity and $40
million of income.
Illinois is one of the 16 states American Water operates
regulated utilities.
About Illinois American Water
Illinois American Water, a subsidiary of American Water (NYSE:
AWK), is the largest investor-owned water utility in the state,
providing high-quality and reliable water and/or wastewater
services to approximately 1.2 million people. American Water also
operates a customer service center in Alton and a quality control
and research laboratory in Belleville.
Illinois American Water ranked “Highest in Customer Satisfaction
with Water Utilities in the Midwest" according to J.D. Power’s 2016
Water Utility Residential Customer Satisfaction StudySM.
American Water is the largest and most geographically diverse
publicly traded U.S. water and wastewater utility company. Marking
its 130th anniversary this year, the company employs 6,700
dedicated professionals who provide regulated and market-based
drinking water, wastewater and other related services to an
estimated 15 million people in 47 states and Ontario, Canada. More
information can be found by visiting www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161026006723/en/
Illinois American WaterKaren Cotton,
309-566-4126karen.cotton@amwater.com
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