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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