Economic Impact and Employment

Nordic plans to hire as much qualified workforce as possible from the local area.

Nordic expects to offer about 150 full-time jobs with benefits when the facility is fully built out. In addition, there will be many indirect jobs generated in support of the facility (truck drivers, food service, etc.)

Nordic expects approximately 250-300 construction jobs during the demolition and construction period.

Nordic is working closely with College of the Redwoods to revitalize their aquaculture program and with HSU to ensure a steady pipeline of LOCAL qualified professionals. Nordic is also working with the Humboldt County Office of Education to introduce information to students about careers in aquaculture, support in-classroom educational programs and more.

Business Development – The project will create many ancillary business opportunities for local entrepreneurs.

Property Tax increases – Site improvements, a subsequent increase in property value and property tax will increase county revenue. Estimated tax revenue will be based on the valuation of the facility through an appraisal process.

Increased local spending – Wages, ancillary spending will result in millions of additional dollars infused into the local economy and local spending on supplies and services will increase during Nordic’s multi-year construction phase. The consulting company Implan estimated for Humboldt County that the impact of direct, indirect and induced labor impact (value stemming from the spending of labor income) would be approximately $48 million annually.

Catalyst for additional development and improvement – The County has established an Enhanced Infrastructure Financing District (EIFD), which will support additional infrastructure enhancement on the peninsula, further increasing business development opportunities.