Philadelphia-area Building Retrofits Could Support 23,500 Jobs: Report
November 16, 2011
Energy efficiency retrofits in Philadelphia could spur $618 million in local spending and support 23,500 area jobs, according to a recently released report conducted by Philadelphia-based Econsult Corporation and commissioned by the Greater Philadelphia Innovation Cluster (GPIC) for Energy-Efficient Buildings.
The GPIC is one of the DOE's research centers called Energy Innovation Hubs. It includes 24 partner institutions from industry, academia, national laboratories, and local economic development agencies. This Energy Innovation Hub aims to demonstrate a 50% reduction in building energy use, which could transform the building retrofit industry.
The report, "The Market for Commercial Property Energy Retrofits in the Philadelphia Region," estimates that nearly half of the commercial buildings in the Greater Philadelphia region—more than 4,000 buildings with a combined 154 million square feet of space—could be good candidates for energy saving retrofits. See the Energy Blog post.