Independent Study: BDO Zones Generate $423 Million Average Annual Economic Impact per Biomanufacturing Project
An independent study reveals that biomanufacturing projects in Biofuel Development Opportunity (BDO) Zones yield an average annual economic impact of $423 million per project, totaling $4.23 billion over ten years. The study, conducted by Dr. Burton C. English, suggests that 100 additional BDO Zones could generate $21 billion to $64 billion in economic activity nationwide. BDO Zones, assessed for biomass supply-chain readiness, aim to enhance market transparency and align public funding with private investment.
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Biomanufacturing projects in Biofuel Development Opportunity (BDO) Zones generate an average of $423 million annually per project, according to a study by Dr. Burton C. English.
Over ten years, each project is projected to have a cumulative economic impact of $4.23 billion, creating thousands of jobs during construction and operation. If 100 more BDO Zones are established, they could produce between $21 billion and $64 billion in economic activity over the next decade. BDO Zones are assessed for biomass supply-chain readiness to improve market transparency and reduce investment risks.
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