Economic Impact of the Cleantech Sector in the Austin-Round Rock-San Marcos MSA
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Economic impact report for the clean technology sector in central Texas, commissioned by CleanTX and supported by the Austin Technology Incubator and Civic Analytics. The study finds that the cleantech sector in the Austin region directly employs nearly 20,000 individuals and contributes approximately $2.5 billion to the region's GDP. In addition, it projects cleantech employment from 2014-2020 to grow 11.24% in the Austin MSA, as compared with 9.3% growth in the sector over the same period at the state level, and 6.37% nationally. The report identifies seven specific technology areas which represent opportunities for growth: renewables; energy storage and "smart grid" technologies; smart cities and resilient infrastructure; autonomous vehicles and connected mobility; water management; recycling and waste management; and advanced manufacturing.