May 15th, 2017
Federal Uncertainty Isn’t Stopping Progress
Uncertainty continues to be the theme. Who knows what will happen next when it comes to federal funding? Your guess is as good as mine. But by the end of June we’ll have some more answers when Congress submits its FY 2018 budget.
What I am seeing is that today’s unknowns are not stopping progress when it comes to sustainable, green construction. Even private sector players like Walgreens are getting in on the act by constructing a net zero retail building. And others are committing, too.
States also continue to lead the charge with many mandating green standards for publicly funded projects. Always the pioneer, California is also committing to net zero residential by 2020.
Meanwhile, news continues to promote the success of sustainable, green construction and its economic impact. A recent study by Booz Allen Hamilton for the U.S. Green Building Council (USGBC) indicated that green building will generate $303.4 billion in Gross Domestic Product (GDP), will support 3.9 million jobs and provide $268.4 billion in labor earnings between 2015 and 2018.
While we don’t know how the Congressional budget will impact our industry – positively or negatively – The View from Here is that continuing to focus on energy savings is ultimately good for us. The demand continues to grow so we must continue to advance our technologies to keep our businesses sustainable as well.
I have said it before, we may have already reached a tipping point that has put the onus of progress on states and private sectors.
What’s your view? Email me directly at Eric.Jackson@Quanex.com.