|Minnesota Gov. Pawlenty Unveils "Green Jobs" Program|
By John Vomhof Jr.
National Green News
November 10, 2008
Alabama drops insurance requirement for solar power
Gov. Tim Pawlenty on Monday unveiled an initiative aimed at creating more green
jobs in Minnesota.
The “Green Jobs Investment Initiative” features a variety of tax incentives for
businesses that either produce renewable energy or make components in
rewable-energy systems, or that produce green-building components. A broad view
of “green jobs” could also include service companies that install
energy-management systems and professional services firms that support
green-sector businesses; Pawlenty's statement didn't specify what sorts of
companies would be included..
Pawlenty’s proposal includes:
New tax incentives through a Green JOBZ program for qualifying green-job
projects that will provide the same incentives found in the state’s JOBZ
program, which gives tax breaks to companies expanding or moving into specific
$20 million in new Job Growth Investment Tax Credits, half of which will
target green-job projects that promote the state’s renewable energy goals;
$60 million in new Small Business Investment Tax Credits for investments in
qualified Minnesota businesses, half of which will target green-job projects;
Incentives to expand the production and infrastructure for biomethane, solar
and other renewable-energy projects;
The creation of a “Clean and Green Technology” category for the Minnesota Cup
competition that rewards entrepreneurs for their innovation;
Tracking the amount of energy used by state government and holding government
accountable for reducing greenhouse gas emissions and pollution.
Approximately 15,000 Minnesotans work already work in “green” jobs, and that
number has the potential to grow to 114,000 by 2038, according to the Minnesota
Department of Employment and Economic Development.
Nationally, approximately 750,000 Americans hold green jobs, according to a
recent study prepared by Global Insight for the U.S. Conference of Mayors. That
number is expected to grow by 4.2 million over the next 30 years, accounting for
an estimated 10 percent of all job growth over that period.
“The development of green jobs will be one of the biggest changes in our economy
since the industrial revolution,” Pawlenty said in a statement. “The proposals
we are announcing today will fuel job growth by incentivizing new technology and innovation.”