by Mark Carter
Posted 10/8/2012 08:46 am
Updated 1 year ago
A new report says more than 11,000 Arkansans are employed in the field of advanced energy.
The report, released Monday morning by the Arkansas Advanced Energy Association (AAEA), was conducted by the Advanced Energy Economy Institute (AEEI). It says the state is home to more than 90 advanced energy companies across 22 industry segments employing 11,337 Arkansans as of 2010.
Steve Patterson, AAEA executive director, said that number is nearly equal to current Arkansas employment numbers in the accommodation services segment (hotels and motels) of the hospitality and leisure industry.
"More than 11,000 of our fellow citizens are now working in advanced energy, making it one of the fastest growing economic sectors in Arkansas," Patterson said in a news release. "Arkansas enjoys advantages such as our central location, our abundant natural resources and a work force that is second to none. Advanced energy is creating strong economic value, generating tax revenue for the state and jobs for thousands of Arkansans today with promise of more in the years to come."
Randy Zook, president and CEO of the Arkansas State Chamber/Associated Industries of Arkansas, called the advanced energy sector in Arkansas an emerging one.
"The breadth of businesses comprising the advanced energy sector is impressive," he said. "Many of our long-time members are finding new customers and new products to offer in this emerging part of Arkansas's economy. As demand for reliable, competitive power increases from economic expansion, these companies will be prepared for robust growth and the profitable opportunities which stem from that growth."
The largest number of jobs within the advanced energy sector is found in heating, ventilation and air conditioning (HVAC) and building controls at almost 2,500, according to the report.