The future of the Utah coal industry that had played a significant role in the economic development of the state for over a century was dependent upon a constellation of economic, technical, and policy developments. The economic and demographic impacts of coal production for 2007 and for three scenarios of production from 2008 through 2030 were evaluated using the REMI 29-region, 23-sector model built for Utah. Statewide employment impacts rose from 4,703 in 2007 to 6,320 in 2014 for all scenarios. Nominal earnings, local tax revenue, and state tax revenue impacts are higher in 2030 than in 2007 for all three scenarios. From 2007 to 2030, nominal earnings impacts increased from $196.3 million to $426.6 million in the Low Scenario, $542.8 million in the Middle Scenario, and $719.4 million in the High Scenario, and over the same period, nominal local government revenue impacts increased from $0.8 million to $1.6 million in the Low Scenario, $2.0 million in the Middle Scenario, and $2.6 million in the High Scenario.
Bureau of Economic and Business Research – The Structure and Economic Impact of Utah’s Coal Industry [full PDF]