Apr 20 2010
A survey conducted by Deloitte in collaboration with Cleantech Group among 70 high tech, energy industry and clean tech executives concludes that most of them believe the $787 billion American Recovery and Reinvestment Act signed by President Obama will stimulate economic growth, create more jobs and foster innovation and technology. Nevertheless, most of the executives do not intend to seek stimulus money in the near future.
Among those whose companies have sought stimulus funding, 21% have sought tax credits/incentives, 13% have sought loan guarantees and 67% have sought grants.
Nevertheless, 59% of the executives showed their disinterest in opting for stimulus money in the near future. And 73% of the executives were skeptical about the role played by the government in influencing the industry’s competitive landscape.
Sixty three percent of the respondents expressed satisfaction in their interactions with government officials while applying for stimulus funding.
Deloitte & Touche LLP’s partner Scott Smith stated that major utilities are showing interest in investing in smart grid projects and alternative energy generation owing to improved market conditions and favorable government incentives. Companies continue to make investments in clean technology in an effort to reduce costs, decrease carbon emissions and also to enhance energy efficiency. Scott Smith further added that the Department of Energy (DOE) has announced plans to supply a surplus $100 million for accelerating innovation activities in clean technology.
Source: http://www.deloitte.com/