PHOENIX - A study released at the U.S. Green Building Council’s (USGBC’s) annual Greenbuild International Conference & Expo expects that green building will support 7.9 million U.S. jobs and pump $554 billion into the American economy - including $396 billion in wages - over the next four years (2009-2013). The study from the USGBC and Booz Allen Hamilton also determined that green construction spending currently supports more than 2 million American jobs and generates more than $100 billion in gross domestic product (GDP) and wages.
The study found that the economic impact of the total green construction market from 2000 to 2008 contributed $178 billion to U.S. GDP; created or saved 2.4 million direct, indirect, and induced jobs; and generated $123 billion in wages.
It also assessed the U.S. Green Building Council’s 19,000-plus member organizations and found that they generate $2.6 trillion in annual revenue, employ approximately 14 million people, come from 29 industry sectors and include 46 Fortune 100 companies.
“Our goal is for the phrase ‘green building’ to become obsolete, by making all building and retrofits green, and transforming every job in our industry into a green job,” said Rick Fedrizzi, president, CEO and founding chairman of USGBC. “This study validates the work that the 25,000 people gathered here at Greenbuild, and every member of our movement, do every day.”
The study considered the total value of green buildings and the results include workers from the architects who design them to the construction laborers who pour their foundations to the truck drivers who deliver the materials, in recognition of the how extensive the impact of green building is.
“The study demonstrates that investing in green buildings contributes significantly to our nation’s wealth while creating jobs in a range of occupations, from carpenters to cost estimators,” said Gary Rahl, officer, Global Government Market, Booz Allen Hamilton. “In many ways, green construction is becoming the standard for development. As a result, it is expected to support nearly 8 million jobs over the next five years, a number four times higher than the previous five years.”
For more information, visit www.usgbc.org.
Green Economy Growing Exponentially
November 23, 2009