News Column

Stimulus Package Boosts Green Jobs--a Wave of Alternate Energy Opportunities is Expected

May 14, 2009

David Roybal for Hispanic Business Magazine

green jobs, green stimulus, energy development

The ink was barely dry on the massive federal stimulus package signed by President Obama in Denver in February when the New Mexico State Legislature began pushing a measure intended to attract nearly half of the money just appropriated by the U.S. Congress for renewable energy projects nationwide.

Ill-fated beyond the state's borders, the measure nonetheless reflected the competitive scramble likely to follow the $787-billion American Recovery and Reinvestment Act. Renewable energy and so-called green initiatives are only a fraction of the bulging stimulus package that President Obama envisions creating or protecting 3.5 million jobs over the next two years. As part of it, he calls for a doubling of the amount of renewable energy produced in this country during the next three years.

People in the industry, indeed, appear to be gearing up for a new era in energy development.

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Source: (c) 2009. All rights reserved.

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