Analysis shows $10 billion in federal stimulus, invested in advanced energy technologies, would add $60 billion to Nevada’s gross state product, a six-fold return on investment; increase tax revenues; create jobs; and deliver annual savings to consumers
CARSON CITY, December 3, 2020 – This week, decision makers in Nevada are facing a grim reality, as the Economic Forum delivers its General Fund revenue forecast today. As Gov. Sisolak and state legislators prepare the biennial budget for FY 2021-2023, hope for a federal stimulus package has revived, with the incoming Biden administration making COVID-19 relief and rebuilding the economy among its top priorities.
With any federal dollars, Nevadans must make certain to invest in sectors that can leverage the stimulus for the greatest long-term impact. A report from national business group Advanced Energy Economy (AEE) quantifies significant economic benefits associated with investments in advanced clean energy deployment for the state of Nevada.