Hawai i's Green Workforce A Baseline Assessment December 2010

Economic Stimulus & Job Creation
(1) Municipal government floats PACE bonds that are purchased by institutional investors. Funds from this transaction are
then used to make loans to property owners who complete energy efficient projects.
(2) Property owner makes payment for special property tax assessment. Payments pass through to an institutional investor.
(3) Property owner hires an entity (the direct employer) to design, manufacture, construct, and install the clean energy
project. Direct employers hire employees and make purchases from both upstream and downstream suppliers (the indirect
employers) to complete the project. Indirect employers, such as a silicon manufacturer for photovoltaic panels, then
purchases supplies and hires its own employees. Finally, additional economic activity is generated when employees of
direct and indirect employers spend money at downstream employer establishments such as fast food and retail stores. 2
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