Saturday, June 6, 2009

Michigan's Green Job Sector: More Recession Resistant

The first empirical green jobs report for Michigan found it is a growing part of the State's economy and has grown when other sectors lost ground.

The Detroit Free Press reports:

"Michigan currently has 109,067 private-sector green jobs, including 96,767 direct jobs and 12,300 support jobs. Already, green jobs make up 3% of private-sector employment.

From 2005 to 2008, a sample of 358 green-related firms added more than 2,500 jobs. They grew by 7.7% at a time when Michigan's overall private-sector employment shrank 5.4%.
Among renewable energy firms in this sample, the growth rate hit 30%. Renewable energy production, which today is Michigan's smallest green sector, may be the fastest growing.
There's more good news: The green economy appears to be a hotbed of entrepreneurial activity. Among the sample of 358 green-related firms, more than 70 appeared to be newly created since 2005, accounting for nearly 600 new jobs." See full article.

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