Solutions for Green Chemistry
State Incentives to attract Renewable Energy Companies & Green Jobs
The IREC found that in 2009, the green jobs emphasis has encouraged several states to take direct action to attract renewable energy companies.
New Green Energy Jobs
States are positioning themselves to catch the wave of new jobs. In addition to the federal stimulus bill's $2.3 billion incentive program for renewable energy manufacturers, five states (Arizona, Kansas, Louisiana, Tennessee and Utah) created new incentives to attract renewable energy companies.
Many industry recruitment incentives are tax-based and tied to what the company will provide to the state in return.
Laws in Arizona, Kansas and Tennessee set minimum investment levels required to receive incentives, as well as the quantity and quality of jobs companies must create. Louisiana and Utah did not establish firm requirements, but each gave broad authority to state administrative bodies to review applications and to base decisions on minimum investment, quantity and quality of jobs, as well as other criteria.
Overall, a total of 20 states, plus Puerto Rico, provide incentives specifically targeting renewable energy manufacturers, a sign that competition for coveted green jobs is fierce.
Furthermore, at least a dozen states have indicated their intent to use federal stimulus funds to increase the amount available for industry recruitment and support manufacturing of renewable energy and energy efficiency technologies.
Edited by Carolyn Allen, Managing Editor of Solutions For Green