Good, Local Jobs & Tax Revenues

Our substantial investment in the LARIC project will support the local economy by providing good-paying local jobs, increasing local business revenues and generating millions in state and local tax revenues that can be used to fund critical public services and amenities, including police and fire departments, parks, schools and road repairs.

The Los Angeles County Economic Development Corporation (LAEDC) estimates that economic activity generated by Tesoro’s $460 million investment in the LARIC project will result in the following economic and fiscal impacts for Los Angeles County and the five-county Southern California region (including Los Angeles County). Approximately, 85% of project expenditures will occur in Southern California, primarily in Los Angeles County.

Los Angeles County Southern California
Planned Project Expenditures $383.3 million $389.2 million
Total Estimated Economic Impact

Direct, Indirect, Induced

Employment 3,720 jobs 4,090 jobs
Labor Income $241.9 million $264.7 million
Output $635.4 million $702.7 million
Total Estimated Fiscal Impact $77.5 million $86.4 million
State/Local Taxes $28.6 million $32.3 million
Federal Taxes $48.9 million $54.1 million

FAQ's

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Check out our frequently asked questions page here.

News

Click here for the latest information about the LARIC project, Tesoro and the Los Angeles Refinery.

Resources

Check out our project fact sheet and other important documents available for download here.

  • Wilmington
  • (310) 522-6001
  • 2101 E. Pacific Coast Hwy
  • Wilmington, CA 90744
  • Community Hotline:
    (310) 522-6367
  • Carson
  • (310) 816-8100
  • 2350 East 223rd Street
  • Carson, CA 90810
  • Community Hotline:
    (800) 377-2726