Study: Green investments would create 10,000 Nashville jobs

The following article was posted in the Nashville City Paper. While it doesn't deal specifically with real estate, I thought it was a bit of potential good news, especially in light of questions about the future of the Spring Hill GM plant.

Study: Green investments would create 10,000 Nashville jobs
By Geert De Lombaerde
Posted on June 18, 2009 at 1:37 pm

A report from UMass researchers, the Natural Resources Defense Council and Green for All says that ramping up Middle Tennessee clean-energy investments of $815 million a year — a figure based on what a think tank sees being generated by stimulus, subsidies and the like — will generate more than 10,000 jobs in the region, more than half of them for people with high-school degrees or less.

The $815 million number is based on a $150 billion national number that amounts to 1.1 percent of GDP. For some perspective, that amount equates to the construction of five Pinnacle at Symphony Place office towers every year.