According to a new study by Booz Allen Hamilton and the USGBC, green building will support 7.9 million jobs and pour $554 billion into the American economy over the next four years. Of that, $396 billion will be attributable to wage growth in green building jobs. Green construction spending currently supports 2 million American jobs, so we're talking about growth of nearly 400%!
In comparison, the USGBC said in a press release: "The economic impact of the total green construction market from 2000 to 2008 … 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."
So the next four years will take this movement to a new level.
Booz Allen Hamilton also examined 19,000 USGBC member organizations and calculated that they generate $2.6 trillion in annual revenue and employ roughly 14 million people.
Speaking about the study in a press release, Gary Rahl, Officer at Booz Allen Hamilton, said â€œThe 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 … 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.â€
So we say, here are 7.9 million reasons to get involved in the green building industry. Download the full report on the USGBC's Green Economy page or directly below: