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, 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.
The study was released at the USGBC’s annual Greenbuild International Conference & Expo, the industry’s largest gathering of representatives from all sectors of the green building movement.
“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.”
To download the full report, visit www.usgbc.org/greeneconomy.
Booz Allen Hamilton is a leading strategy and technology consulting firm.