Representatives Rosa DeLauro (CT-3), Russ Carnahan (MO-3), and Peter Welch (VT-D) introduced the Job Creation and Energy Efficiency Act today. This legislation will create jobs and encourage private sector growth by making energy efficiency upgrades to existing buildings.
The Job Creation and Energy Efficiency Act would create a low-interest loan program through the Department of Energy to enable businesses and local governments to retrofit existing buildings for energy efficiency. Through these savings and upgrades, up to 1 million jobs in the construction and manufacturing industries could be created. Additionally, the savings generated by the increased energy efficiency would be used to pay off the loans.
"We need to create jobs-- nothing is more important for our economy right now. The Job Creation and Energy Efficiency Act will spur job creation in the struggling construction sector and help businesses, schools, colleges, apartment buildings, hospitals, and local governments save on energy costs," said Congresswoman DeLauro. "This bill will help to create jobs and to move forward on energy efficiency initiatives that strengthen our economy and protect our environment."
"The Job Creation and Energy Efficiency Act will get money where it's needed most -- directly into new jobs on needed projects increasing the energy efficiency of our buildings. This bill would create more than a million jobs and reduce high energy costs for businesses, hospitals, and schools," said Congressman Carnahan. "I call on my colleagues to pass the Job Creation and Energy Efficiency Act -- businesses and families can't afford to wait."
"This bill is a win-win-win: It creates jobs, saves businesses and municipalities money and is good for the environment," Congressman Peter Welch said. "We need to make more of these common sense investments in energy efficiency and renewable energy to put Americans back to work and jump start our struggling economy."
"We all know that creating jobs is the key to jumpstart our nation's economic recovery and invigorate the commercial real estate sector," said Jeffrey D. DeBoer, President and CEO of The Real Estate Roundtable. "That is precisely the purpose of the Job Creation and Energy Efficiency Act. The Act would spur lending, leverage private investment and help unleash capital to support low-risk energy efficiency building retrofit projects -- while creating thousands of well-paying jobs that will stay here in the United States."
"Energy retrofits especially, and the jobs and innovation embedded in this one activity, are a cornerstone to broader economic recovery in every sector," said Rick Fedrizzi, President, CEO and Founding Chair of the U.S. Green Building Council. "The Job Creation and Energy Efficiency Act could help business owners save billions of dollars a year through better, more efficient buildings while creating well-paying jobs in the process."