WASHINGTON, D.C. – (Sept. 16, 2015) – The green building sector is outpacing overall
construction growth in the U.S. and will account for more than 2.3 million American jobs
this year, according to a new U.S. Green Building Council (USGBC) study from Booz
Allen Hamilton (NYSE:BAH).
The 2015 Green Building Economic Impact Study, released today by USGBC and
prepared by Booz Allen, finds the green building industry contributes more than $134.3
billion in labor income to working Americans. The study also found that green
construction’s growth rate is rapidly outpacing that of conventional construction and will
continue to rise.
By 2018, the study finds, green construction will account for more than 3.3 million U.S.
jobs–more than one-third of the entire U.S. construction sector–and generate $190.3
billion in labor earnings. The industry’s direct contribution to U.S. Gross Domestic
Product (GDP) is also expected to reach $303.5 billion from 2015-2018.
“Green building is playing a massive role in the U.S. construction sector, the clean and
efficient energy sector and the U.S. economy as a whole,” said Rick Fedrizzi, CEO and
founding chair, USGBC. “More than 2.3 million U.S. workers are taking home $134
billion annually in large part because of green building programs like LEED. Demand for
green building will only continue to grow as individuals, businesses and institutions
continue to prioritize sustainable approaches to the design, construction and operations
of our built environment.”
The new USGBC analysis also explores the multifaceted economic contribution of green
construction to the U.S. economy and individual U.S. states, quantifying the economic
impact of green building and LEED (Leadership in Energy and Environmental Design).
“Our research shows that green building has created millions of jobs and contributed
hundreds of billions of dollars to the U.S. economy, with the construction of LEED-
certified buildings accounting for about 40 percent of green construction’s overall
contribution to GDP in 2015,” said David Erne, a Senior Associate at Booz Allen. “This
industry is certainly on the rise, and aggressive growth in the green building sector is
anticipated over the next four years.”
In addition to national jobs, GDP and labor earnings from green building, the study
projects significant growth in green building’s contribution to individual states’ tax
contributions and environmental asset indicators at both the national and state levels.
Total state earnings related to LEED building construction projects are estimated to total
$8.4 billion by 2018. In Texas alone, almost 1.26 million jobs in the green building sector
are projected between 2015 and 2018. As a result, green building will also contribute to
significant savings across energy, trash, water and maintenance costs.
Download the full report here: http://go.usgbc.org/2015-Green-Building-Economic-Impact-Study.html