wichita State university Study:
$38 million in direct revenue to Cherokee County
$532 million local economic boost during construction
Rainbow Springs Solar is more than an energy project. A new Wichita State University study shows it will bring steady revenue and business growth to Cherokee County. That includes $38 million in direct revenue to the Cherokee County government and a $532 million boost to the local economy during construction.
Here are key benefits to the county according to the Center for Economic Development and Business Research at the Barton School of Business at Wichita State University.
The combined, increased economic activity from Rainbow Springs Solar will generate millions in new revenue for the county government. That includes $38 million in tax revenue and direct cash payments the project itself, plus the ripple effects of increased local spending.
The County can use that money to fund improvements and services – without raising taxes for residents.
Support for Columbus Schools with new funding after a period of declining enrollment and increased reliance on limited state funding.
Investments in local road and bridge repair projects at a time when major repair projects risk going unfunded. Without additional funding the county may be forced to forgo repairs or projects.
The new revenue can fund improvements in public safety, emergency response and equipment.
Rainbow Springs Solar will generate nearly $532 million in economic benefits during construction, and more than $50 million per year in ongoing economic activity that will keep dollars flowing into Cherokee County.
Support for Columbus Schools with new funding after a period of declining enrollment and increased reliance on limited state funding.
The new revenue can fund improvements in public safety, emergency response and equipment.
The new revenue can fund improvements in public safety, emergency response and equipment.
*While the project is expected to last 30 years, the economic modeling is based on the first 20 years of operation.
*While the project is expected to last 30 years, the economic modeling is based on the first 20 years of operation.
Rainbow Springs Solar provides local farmers who are facing tough economic times with a stable income stream, while funding better roads and infrastructure that supports farm operations.
Rainbow Springs Solar also aims to implement sheep grazing on the land around the solar panels, in partnership with a local farmer. This will keep the land in agricultural production throughout the project life.
Additionally, the company will remove the solar panels and equipment at the end of operations, returning the land to its natural state so that other forms agriculture can resume if the landowner wishes.
Family farms stay in business
with a reliable income
Improves rural infrastructure
that farmers depend on every day
Preserves the Kansas legacy
of making a living from the land
Ensures Property rights
of Cherokee County are preserved without government interference
means investment for Cherokee County’s Families, Land and Future