April 19, 2024 6:59 am
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One Year Later, Inflation Reduction Act Brings Clean Energy Investments and Job Growth

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Staff Writer

One year after the passage of the Inflation Reduction Act, a once-in-a-generation investment in the climate and clean energy, it is clear that the landmark law has already had positive impacts on the national and state economies. As of July 2023, the IRA has already created over 170,000 new clean energy jobs, and is expected to create an additional 1.5 million jobs throughout the next decade.

Here in Michigan, the state has invested over $21 billion in clean energy projects, and nearly 16,000 new, good-paying jobs have been created since the IRA’s passage, as of July 2023. These projects are expected to create over 167,000 new jobs over the next 10 years.

Read here for more information about the IRA’s impact on Michigan.

A Shrinking Job Market- State of Employment in MI

Data from the U.S. The Bureau of Labor Statistics provides insight into the scope of employment in Michigan. With information from as recently as January, 2024, we can compare Michigan’s employment turnover data with that of other states to get a better picture of how things stand here in the Great Lakes State.