Global Green to invest $17M in New Orleans

New Orleans City Business. Deceember 29, 2008.

Global Green USA, a group that has promoted the construction of eco-friendly homes in the 9th Ward in the wake of Hurricane Katrina, says it will invest $17 million in New Orleans.

“Green is not a trend for Global Green. It is a stalwart commitment to bring environmental consciousness to the center of local and national policy development,” said Matt Petersen, president and CEO of Global Green USA. “We will be bringing in an estimated $17 million in investment to New Orleans — leveraging tens of millions of dollars of investment beyond that through our impact on other projects including the Holy Cross Project, Build it Back Green, Green Seed Schools, green policy advocacy efforts and forums for professional builders and the public.”

In 2009, among other things, the organization’s Green Seed Schools program will retrofit and upgrade two more schools to make them more energy efficient and environmentally friendly.

Also in 2009, the organization will continue its monthly educational panel discussions and add a do-it-yourself monthly panel that will be held in a different neighborhood each month.

“This year will be a boom year for rebuilding in New Orleans. We fully expect it to be a boom year for green building as well and, by example, for the rest of the globe,” Petersen said.

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