Green Economy Innovation Hub Releases First Regional Economy Data Analysis
ViTAL Economy released the first 4-county tri-state regional economic analysis produced in support of the Green Economy Innovation Hub initiative. This region represents $9.8 Billion in annual Gross Domestic Product. The Green Goods and Services (GGS) sector of the regional economy currently supports 2,200 jobs and produces $238 million in annual economic impact across the region. The region’s percent of jobs focused on the Green Goods and Services sector significantly exceeds the percentage of GGS jobs in the U.S. economy. ViTAL Economy, in collaboration with Building Green, released a national and international market growth study, which showed the GGS sector with a growth rate that has doubled every 3-5years for the last 15 years.