Energy-efficient manufacturing could spur $2 billion in annual economic activity, support 9,000 jobs and produce more than $71 million in local and state tax revenues, according to a study released Wednesday.
The study, commissioned by trade organization Energy Innovation Business Council and conducted by Carnegie, Pa.-based the Hill Group, studied the energy-efficiency sector that includes building equipment, ventilation, air conditioning, heating and advanced lighting.
“Energy efficiency is an important and growing sector in the advanced energy industry and currently supports jobs throughout Michigan,” said Ed Clemente, the council’s president, in a statement. “This report tells the story of Michigan’s energy efficiency manufacturers and shines a light on their economic contributions to our state.”
The EIBC has more than 60 member companies, including Midland-based Dow Corning Corp., a silicone company, and Troy-based Magna E-Car Systems, which serves the hybrid and electric vehicle sector, according to the council’s website.
By Karl Henkel, The Detroit News