Clean energy spurs job growth in North Carolina

Energy is the name of the game recently. Hydraulic fracturing, or "fracking" as it's more commonly known, will lead the United States to the top of the oil-producing world by 2020. President Barack Obama's second term agenda focuses heavily on clean energy production and a recent spate of tax credits were aimed directly at improving the U.S. cleantech sector.

All of those efforts are paying off across the country, especially in North Carolina. A recent report found clean energy investments and incentives in the state have led to a large job increases. Renewable energy recruiters can help firms find talent for many of these new positions.

Billions in investments lead to more jobs, lower rates
The strides North Carolina has made in utilizing clean energy and incentivizing startups to pursue green projects has paid off big time for consumers and job seekers in the state, according to research firm RTI International and consulting service La Capra Associates. The two partnered to launch a study on the state of clean energy in North Carolina, and found the state has performed exceptionally well in the cleantech arena.

Researchers found between 2007 and 2012, an estimated $1.4 billion was invested in state clean energy programs, resulting in a 13-fold increase in return on the investment during that time period. Around $72 million came from the state itself, and the total economic benefit of such investments was estimated at $1.7 billion.

A major factor behind these economic results was the job growth spurred by cleantech sector investments. The report estimated clean energy development and supply chain and consumer spending led to a direct increase in jobs. Between 2007 and 2012, 21,163 new jobs were created, with an average of 4,233 new positions per year.

The report expressed a glowing opinion of the efforts North Carolina has made to attract clean energy projects through tax credits. Credits that were claimed by green energy projects credit claims totaled $60.2 million during the five-year stretch the study reviewed. The progress made in cleantech will save consumers $173 million by 2026, when energy rates are predicted to be up to 1.3 percent lower.

Employers in states that support cleantech investment and production can look to renewable energy recruiters to find the talent to usher in a new era of energy.