New Study Estimates Inflation Reduction Act May Create 40,000 Jobs Over Next Decade in Nevada
New data commissioned by the BlueGreen Alliance released today revealed the Inflation Reduction Act may create more than 40,000 jobs over the next 10 years in Nevada. Researchers at the University of Massachusetts Amherst Political Economy Research Institute (PERI) conducted an analysis of the recently passed legislation, quantifying the job creation from its historic investments.
“The potential for clean energy and clean manufacturing job creation in Nevada is huge news,” said Rick Johnson, President of Southern Nevada Building Trades Unions and Western States International Vice-President of the Heat & Frost Insulators & Allied Workers. “We are hopeful that these massive job gains for the state will result in sustainable middle-class job growth and lift tens of thousands of hardworking Nevadans into a stable and predictable working economy.
“We are thrilled to see more data showing environmental and labor efforts are united and strong,” said Elspeth Cordua DiMarzio, Co-Chair of Nevada BlueGreen Alliance & Senior Campaign Representative at Sierra Club. “Nevada is ready to unleash a future-forward energy sector that harnesses the vast renewable energy potential throughout the state.”
The report finds that the Inflation Reduction Act includes:
24,280 jobs in Nevada from investments in clean energy;
3,340 jobs from investments in clean transportation;
6,480 jobs from programs to improve building infrastructure;
2,350 jobs from lands and agriculture program investments;
700 jobs from investments in environmental justice and community resilience; and
5,050 jobs from investments in clean manufacturing.
This report follows a previous study by PERI that estimated the law would create more than 9 million jobs nationwide in the coming decade.
“This summer, PERI released their first analysis showing the Inflation Reduction Act will create 9 million jobs in a decade across the nation; now we can better understand what these investments mean specifically for Nevada,” said Pesach Chananiah, BlueGreen Alliance Nevada Policy Organizer. “This is proof that Nevada can have both good-paying union jobs and a cleaner economy. We are excited to work with our state partners on implementing these investments so all Nevadans can capture the economic gains.”
To find out more about the investments in the law, see the BlueGreen Alliance’s recently announced User Guide to the Inflation Reduction Act—a reference guide for the numerous policies and programs included in the law that explores the goals, timelines, and implementation mechanisms for each policy area.