Press Release: Cadiz Valley Water Project Would Create Over 5,900 Jobs, Boost Local Economy and Provide New Revenue to Local Government
Economic Impact Report finds creation of green jobs in High Desert generates more than $878 million in San Bernardino County economic activity
LOS ANGELES, CA (May 24, 2011) – Today Cadiz Inc. [NASDAQ: CDZI] (“Cadiz”) announced the release of a report by prominent economist John E. Husing, Ph.D. which found that the Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”) would create and support over 5,900 jobs, generate more than $878 million in economic activity over its two phases, and infuse tens of millions in tax revenue to local governments. The Project is designed to provide renewable local groundwater to Southern California communities by building a wellfield and pipeline on privately owned land to deliver water to the Colorado River Aqueduct. A second phase of the Project would provide approximately one million acre-feet of underground storage for imported water.
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