Katie Laning Neibaum
“The Economic Impact of Advanced Energy in Arkansas: A Survey of Business Activity in 2014”, authored by local economist James Metzger, CEO of HISTECON Associates identified more than 770 advanced energy companies doing business in Arkansas. These companies report annual sales of more than $1.7 billion and employ about 16,000 workers. Another 9,300 advanced energy jobs in related industries that account for $1.1 billion in sales brings total impact of advanced energy on the Arkansas economy to 25,300 workers and $2.8 billion in output, according to an analysis by the UALR Institute of Economic Advancement.
Like the industry we represent, AAEA has also enjoyed rapid growth representing approximately 90 members by the end of 2015, our third full year. Our membership is a unique blend of manufacturers, energy providers, entrepreneurs, small business owners, educators, researchers and public institutions. These members have joined in the common interest of economic expansion and job creation in the advanced energy sector.
During the past decade, advanced energy as an economic development opportunity was a relatively new concept. That was because the sector focused almost entirely on regulatory and environmental issues and was not thought of as a job creator. Today by almost any measure, there is clear evidence that advanced energy technologies like solar power, energy efficiency and alternative fuels are producing jobs and energy savings in states that deploy them.
AAEA engages in policy advocacy at the federal, state and regulatory levels; industry policy group briefings; targeted outreach to other businesses and policymakers in Arkansas and across the country and regular communications with our members.
As a state partner in the national business federation, Advanced Energy Economy (AEE) we are part of a national coalition working to create a better business climate for the advanced energy sector in Arkansas and nationwide. AEE and its partners work together with industry leaders to leverage success at the state and regional level for impact on the national stage through outreach, policy efforts, communications and media.
Membership in AAEA is an opportunity to be a part of a growing and influential organization that is leading the way for advanced energy development in Arkansas.
The Arkansas Advanced Energy Association 2017 Annual Report
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About Arkansas Advanced Energy Foundation
Arkansas Advanced Energy Foundation promotes greater public understanding of advanced energy in Arkansas through research, public education programs and economic and workforce development.