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Stimulus Investments in Advanced Energy Would Deliver More Than $117 Billion to New Mexico’s Economy

Posted by Jane Reynolds on Jul 28, 2021

New report from AEE finds investing in cleaner energy technologies in New Mexico would create nearly 800,000 jobs and save New Mexicans almost $6 billion annually on energy costs

SANTA FE, July 28, 2021 – National business group Advanced Energy Economy (AEE) released a new report today that adds up the benefits of a potential federal stimulus package for New Mexico’s advanced energy sector. According to the report, a federal investment of $20 billion would deliver a nearly six-fold return for the state, adding $117 billion to the GSP (gross state product). The investment would also save consumers, municipalities, and businesses almost $6 billion on energy costs every year for decades to come and create 796,000 industry jobs (measured in job-years) for New Mexicans.

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Topics: State Policy, Advanced Energy Employment, Press Releases, Economic Impact, New Mexico

Advanced Energy Stimulus Would Bolster Ohio Economy and Create 1.7 Million New Jobs

Posted by Jane Reynolds on Jul 21, 2021

A new economic analysis finds a targeted $25 billion stimulus in Ohio's advanced energy sector would create nearly 1.7 million jobs for Ohioans and add $260 billion to the state economy—a 10-fold return on investment.

COLUMBUS, July 21, 2021 – Today, national business association Advanced Energy Economy (AEE) released a report quantifying the benefits of advanced energy investment for Ohio. The report found that investing $25 billion from potential federal stimulus in advanced energy technologies* would create 1.7 million new jobs for Ohioans (measured in job-years), save Ohio consumers $13 billion annually, generate $14 billion in annual tax revenue, and add $264 billion to GSP (gross state product).

“Federal investment in advanced energy could reset Ohio’s energy pathway by spurring new investments in energy efficiency, renewable energy, electric vehicles, and energy storage. These investments would benefit families and businesses, as well as the state’s economy overall,” said J.R. Tolbert, a managing director at Advanced Energy Economy. “Targeted stimulus applied to advanced energy has the potential to produce a 10-fold return on investment, while creating good paying local jobs.”

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Topics: State Policy, Ohio, Advanced Energy Employment, Press Releases, Economic Impact

Targeted Stimulus Investment in Advanced Energy Would Deliver Nearly $134 Billion to Virginia’s Economy

Posted by Cayli Baker on Jul 14, 2021

Economic analysis finds $20 billion in targeted stimulus investment would have a seven-fold impact, increasing Virginia’s gross state product and adding nearly 840,000 new jobs.

RICHMOND, June 14, 2021 – Today, national business group Advanced Energy Economy (AEE) released an economic assessment that found $20 billion in public investments across a range of advanced energy technologies* would increase Virginia's gross state product (GSP) by nearly $134 billion. This level of targeted stimulus would attract $49 billion in complementary private investment, save customers $6.4 billion annually, and add 838,000 jobs, measured in job-years, for Virginians.

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Topics: State Policy, Virginia, Advanced Energy Employment, Press Releases