Tuesday, July 3, 2007

Is Your Area Targeting Green Businesses?

According to Kevin Doyle, president of Green Economy, a Boston-based firm that promotes an environmentally healthy workforce, the green industry in the United States in 2005 was about $265 billion employing 1.6 million people in an estimated 118,000 jobs. This information was adapted from the Environmental Business Journal, he says, and does not include the organic industry.

Green businesses have also been growing at a rate of about 5% annually during the last three years, Doyle says. Two particularly hot areas are global carbon credit trading, which doubled to $28 billion from 2005 to 2006, and construction and services associated with ''green buildings'' that meet industry standards set by the U.S. Green Building Council. Today, the green building industry is worth $12 billion; 10 years ago, it was unquantifiable.

Read more here.

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