A trio of Texas grant programs that funded the construction of natural gas fueling stations and the adoption of natural gas vehicles (NGVs) produced major economic benefits for the state, according to a new study by the University of Texas at San Antonio's Institute for Economic Development.
The grants, which totaled $52.9 million, produced $128 million worth of economic impact, led to $79.1 million in gross state product, and supported 927 full-time jobs in 2014, according to the study.
The three grant programs administered by Texas Commission on Environmental Quality are the Clean Transportation Triangle (CTT) Program, the Alternative Fueling Facilities Program (AFFP), and the Texas Natural Gas Vehicle Program (TNGVP).
The CTT and AFFP grants, totaling nearly $21 million, supported 54 natural gas station applicants from 2012 to 2014. The TNGVP grants of $32 million supported 618 NGV purchases and four vehicle conversations for 50 applicants from 2012 to 2014, according to the study.
To see the full study, click here.
Originally posted on Trucking Info