Where to turn for job security in a challenging economy? A new report from Next 10–an organization focused on the intersection between the economy, the environment, and quality of life issues for Californians–finds that the green job sector is growing at a rate three times than other industries in California, comparable to the software sector since 2005.
The report, entitled “Many Shades of Green: Regional Distribution and Trends in California’s Green Economy, 2011” arrives at this rate of growth by crunching numbers for the 2008-2009 fiscal year, the most recent for which data is available. It shows what it calls the Core Green Economy now accounts for 174,000 jobs in California, with the Energy Generation sector responsible for the most green jobs overall (nearly 20,000 since 1995 and almost 3,000 jobs over the most recent observable year).
The information is broken down by regions, with the Bay Area and the San Diego regions out in front on green job growth, expanding by eight percent and seven percent, respectively, between January 2008 and 2009. The report was commissioned by NEXT 10 and carried out by Collaborative Economics, a California-based consulting and research firm.
NEXT 10 said it released this report in the backdrop of Siemens recently winning a $466 million contract to build 70 electric locomotives in California, requiring 200 new jobs over the next 3 to 4 years at a factory that operates mostly on two megawatts of solar power. These positions are in addition to the company’s newest 150 employees hired in the past two years to address America’s burgeoning light rail transit market.