According to a new economic impact study of the Grand River Dam Authority – prepared and published by the Oklahoma Department of Commerce – GRDA will facilitate an estimated $453 million dollars of economic activity in the state of Oklahoma during 2012. By 2017, that number is expected to climb to $689 million.
What’s behind all those dollars? At GRDA, it’s a workforce of 500 Oklahomans and 24/7/365 operation that provides low-cost, abundant and reliable electricity for the state. It’s also 70,000 surface acres of water that help support a thriving recreation and tourism industry.
Those dollars and cents reflect the GRDA mission “to be responsive to the interests and concerns of public power users, the communities we affect, and the people of the state of Oklahoma.” GRDA has pledged to assist in area economic development and help customers adapt to changes in their business environments. The best way to fulfill that pledge is by making a positive impact on the state’s economy year in and year out.
There are other numbers too. In terms of jobs, the study found GRDA is estimated to create and support as many as 4,100 jobs in the state, with that number expected to grow to 5,000 in the next five years. According to the study, many of those jobs will be in the manufacturing or energy-intensive industries.
Finally, the study found that GRDA operations, low-cost power, flood control and quality of life contributions helped produce an estimated $230 million in real disposable income to Oklahoma in 2012. That number is also expected to rise; it’s anticipated to be $300 million within five years.
While dollars and cents may not tell the whole story, they certainly tell a very important part. After 75-plus years of service to Oklahoma, GRDA is proud to continue its mission of service to the state and proud to tell that “power for progress” story.
Headquartered in Vinita, GRDA is Oklahoma’s state-owned electric utility; fully funded by revenues from electric and water sales instead of taxes. Directly or indirectly, GRDA’s low-cost, reliable; electricity serves nearly 500,000 homes in Oklahoma and stretches into 75 of 77 counties in the state. At no cost to Oklahoma taxpayers, GRDA also manages 70,000 surface acres of lakes in the state, including Grand Lake, Lake Hudson and the W.R. Holway Reservoir. Today, GRDA’s 500 employees continue to produce the same “power for progress” that has benefited the state for 75-plus years.
— Justin Alberty
GRDA Corporate Communications Director