New Study Estimates Inflation Reduction Act May Create Nearly 100,000 Jobs in Colorado Over the Next Decade
New data commissioned by the BlueGreen Alliance released today revealed the Inflation Reduction Act may create 99,124 jobs over the next 10 years in Colorado. Researchers at the University of Massachusetts Amherst Political Economy Research Institute (PERI) conducted the analysis of the recently passed legislation, quantifying the job creation from its historic investments.
“The Inflation Reduction Act has created massive potential to bring more good-paying union jobs to Colorado,” said Dennis Dougherty, Executive Director of Colorado AFL-CIO and BlueGreen Alliance Colorado Steering Committee member. “By growing our domestic supply chains; revitalizing industrial manufacturing in our state; and supporting high-road labor standards in clean energy developments, we can create meaningful change for Colorado workers. We will work with our state partners to make sure these investments create opportunities for workers and communities all across our state.”
The report finds that the Inflation Reduction Act includes the following job estimates in Colorado:
55,002 jobs from investments in clean energy;
8,297 jobs from investments in clean transportation;
15,497 jobs from programs to improve building infrastructure;
6,802 jobs from lands and agriculture program investments;
1,700 jobs from investments in environmental justice, methane reduction, and community resilience; and
11,826 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 Colorado,” said BlueGreen Alliance Colorado Policy Organizer Elena Santarella. “This is proof that Colorado 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 Coloradans 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 legislation that explores the goals, timelines, and implementation mechanisms for each policy area.