The alternative energy industry — the green business — is about to ramp up its hiring, with the next year likely to show an increase in demand, according to U.S. Labor Secretary Hilda Solis.
“Once you start seeing more investments made in our economy recovering, as we stabilize and we get people back to work, then I think there’ll be more interest in expanding,” Solis said. “There’ll be more, hopefully, credit available for this expansion, because there will be more confidence because that’s what we’re lacking right now — that investment and confidence in the market.”
All signs truly point in this direction. In addition to the development of the green energy business over the past several years, the amount of capital flowing into fledgling companies in this space is growing rapidly. Last quarter, a study by Ernst & Young put clean technology (“cleantech”) venture capital investing at $572 million — a quarter-over-quarter increase of 73%. Jobs do follow capital, as employees are needed to make that investor cash productive.
Compared to the second quarter of 08, the second-highest quarter for cleantech investment on record, the Q2 09 results were 59% and 16% below those record levels in terms of capital and number of transactions respectively.
For more information about the positive impact of cleantech investors on jobs, check out the following posts:
Recommended Green Career Resources:
SIX STRATEGIES TO FIND YOUR GREEN CAREER – This free ebook by Carol McClelland PhD is a step-by-step process helping green career seekers use their passions, interests, experience, and training to plug into the green economy.
THE COMPLETE GREEN JOB GUIDE 2009: SECRETS FOR GETTING THE JOB YOUR WANT – Discover How To Unlock The Booming Green Economy For Your Job Search And Future Financial Security with the 10 Breakthrough Steps You Need To Know To Find And Land A Green Job Quickly.
© 2009, Tracey de Morsella. All rights reserved. Do not republish.