Federal Stimulus Investment in Advanced Energy – Here’s What It Would Mean for Eight States

Posted by Aidan Boyd on Oct 29, 2020 11:00:00 AM

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Whether the United States has “turned the corner” on the COVID-19 public health crisis or is looking at a long, cold winter of social distancing, at some point the conversation in Washington, D.C., is going to have to move from providing short-term relief to jumpstarting economic growth. When that time comes, advanced energy deserves to be high on the list for federal stimulus dollars. Public support is high: A recent New York Times/Siena poll shows that more than 70% of voters would support a $2 trillion renewable energy and infrastructure plan for economic stimulus. What would an infusion of stimulus funds like that mean for states? AEE, along with Texas Advanced Energy Business Alliance (TAEBA), asked Analysis Group, an international economics consultancy, to run the numbers for eight states. The results show a high ROI for public dollars put to work in advanced energy.

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Topics: State Policy, Advanced Energy Employment, Economic Impact