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NewsJune 17, 2009

JEFFERSON CITY, Mo. -- A national study on economic development linked to renewable energy predicts Missouri is on the cusp of significant growth. Officials said Wednesday that job growth in Missouri's "clean energy" sector has outperformed overall employment and that the industry brought in $25 million in venture capital from 2006 through 2008. A researcher said state energy policies also will promote economic growth...

Associated Press

JEFFERSON CITY, Mo. -- A national study on economic development linked to renewable energy predicts Missouri is on the cusp of significant growth.

Officials said Wednesday that job growth in Missouri's "clean energy" sector has outperformed overall employment and that the industry brought in $25 million in venture capital from 2006 through 2008. A researcher said state energy policies also will promote economic growth.

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But right now, Missouri is average. For example, there were 1,062 Missouri clean energy businesses in 2007. That ranked 23rd nationally and is just 1 percent of leading California.

The study was conducted by the Pew Charitable Trusts and evaluated business and job growth, venture capital funds and new patents across the nation. The study used employment and business data from 1998-2007 and included figures from 2008 for venture capital.

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