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Thanks ARRA for 1 million green jobs
The American Recovery and Reinvestment Act is responsible for creating or saving one million green jobs.
Thu, Feb 17, 2011 at 06:31 PM
A new report from the Blue Green Alliance and the Economic Policy Institute reveals some good news about the American Recovery and Reinvestment Act (ARRA). According to the report, one million green jobs were created or saved thanks to Recovery Act funding for clean energy and other green technology projects.
Here are just a few highlights from the report.
- One million green jobs created or saved through the end of 2010
- GDP increased by $146 billion from the green investments provided by the ARRA
- New jobs were provided to many underserved communities, providing them with a pathway out of poverty
- 3.4 million jobs (all jobs, not just green jobs) were created or saved by the ARRA through mid-2010
- GDP was boosted by up to $520 million by the ARRA
- ARRA-related projects led to a decrease in the unemployment rate by up to 1.8 percentage points
According to John Irons, Research and Policy Director at the Economic Policy Institute, "Not only was the Recovery Act successful in responding to the economic crisis - creating and saving millions of jobs and boosting GDP - the unprecedented green investments included in the legislation were responsible for a significant amount of that success. Two years after the Recovery Act was enacted, this report demonstrates a path forward for economic growth and employment in the green sector." Source: Blue Green Alliance
The full report also features several case studies including the impact of the Weatherization Assistance Program
, electric vehicle technology grants, the high performance green building program and the effects of the green jobs training programs
that have been supported or created thanks to Recovery Act funding.
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