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Green Building to Support Nearly 8 Million U.S. Jobs Over Next 4 Years
Despite a challenging economic outlook, 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), according to a new study from the U.S. Green Building Council and Booz Allen Hamilton. The study also determined that green construction spending currently supports more than 2 million American jobs and generates more than $100 billion in gross domestic product and wages.
The economic impact of the total green construction market from 2000 to 2008, the study found, contributed $178 billion to U.S. gross domestic product; created or saved 2.4 million direct, indirect and induced jobs; and generated $123 billion in wages.
The study 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.
Among the report's findings:
The economic impact of the total green construction market:
Contribution to the U.S. gross domestic product (GDP)
- 2000-2008: $173 billion
- 2009-2013 forecast: $554 billion
Jobs created or saved (includes direct, indirect and induced jobs)
- 2000-2008: 2.4 million
- 2009-2013 forecast: 7.9 million
Wages
- 2000-2008: $123 billion
- 2009-2013 forecast: $396 billion
Energy savings
- 2000-2008: $1.3 billion saved
- 2009-2013 forecast: $6 billion saved
The economic impact of LEED-specific spending*:
Contribution to the U.S. gross domestic product (GDP)
- 2000-2008: $830 million
- 2009-2013 forecast: $12.5 billion
Jobs created or saved (includes direct, indirect and induced jobs)
- 2000-2008: 15,000
- 2009-2013 forecast: 230,000
Wages
- 2000-2008: $703 million
- 2009-2013 forecast: $10.7 billion
Energy savings
- 2000-2008: $281 million saved
- 2009-2013 forecast: $4.8 billion saved
*These figures only account for LEED-specific spending, not the value of LEED-certified buildings as a whole.
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