The proposed MVP Southgate project is designed to carry short-term economic benefits associated with construction activity, and long-term economic benefits associated with the increased supply of an affordable fuel that is preferred by many employers.

  • Direct Spending: With an estimated capital expense of $370 million, the MVP Southgate project team anticipates spending $82 million directly in Virginia, and $21 million directly in North Carolina
  • Labor & Employment: During peak employment, the MVP Southgate project team is expected to support 770 jobs in Virginia and 220 jobs in North Carolina, including direct, indirect and induced jobs
  • Tax Revenues: A significant source of state and local tax revenues will be generated during the construction phase, with approximately $8.8 million generated in Virginia, and $2.0 million generated in North Carolina
  • Ad Valorem Taxes: Once the MVP Southgate project is operational, localities along the route will continue to receive tax revenues – generating an estimated $1.1 million in Virginia, and $328,000 in North Carolina

For more details, see FTI Consulting’s 2024 report and analysis of the economic impact of the MVP Southgate project.

Meeting public demand for affordable natural gas

The proposed MVP Southgate project meets a substantial and growing need for natural gas in the region. PSNC Energy, a local distribution company serving central North Carolina, has added about 100,000 new natural gas customers over the past decade and has signed a long-term contract to receive natural gas from the MVP Southgate pipeline.

“We are committed to ensuring the highest levels of service to the homes and businesses that rely on natural gas for heating, cooking and other uses, and the MVP Southgate project offers the most efficient and cost-effective way to enhance reliability and provide the diversity of supply needed to meet our customers’ needs.” – Rusty Harris, president and chief operating officer of PSNC Energy

Broad support

The project has earned the support of the Virginia and North Carolina chambers of commerce, the North Carolina Economic Development Association and other organizations.

“The NC Chamber supports the MVP Southgate project because it will improve access to affordable natural gas and help strengthen North Carolina’s reputation as a leading place in the world to do business. Many employers rely on natural gas to fuel their operations and the construction of the MVP Southgate project will bolster efforts to attract and retain businesses in North Carolina.” – Gary Salamido, president of the NC Chamber
“Time and again we hear from manufacturers and other large companies that the availability of natural gas is a critical component in the site selection process. The Southern Virginia Mega Site at Berry Hill is the commonwealth’s biggest business park, and the MVP Southgate project’s proximity to that site offers tremendous long-term economic development opportunities. The Virginia Chamber fully supports the project and the potential benefits its construction and operation could bring.” – Barry DuVal, president of the Virginia Chamber of Commerce
“The proposed MVP Southgate pipeline would increase the region’s supply of affordable, reliable and domestic natural gas and provide the fuel needed to meet North Carolinians’ current and future energy demands.” – Mark Pope, president of the North Carolina Economic Development Association