Cleantech generally is becoming sexy. Recent figures from the Cleantech Group and Deloitte show that the venture capital community invested over £5bn in the sector in 2009, with 557 firms receiving fresh venture capital funding.  As global environmental imperatives making the sector look like a good long term career bet, the cream of finance, management and technology professionals are being drawn to this sector.

As executive recruiters who operate exclusively in this area, Altium Associates are particularly aware of the increase in demand for the best. Altium was formed by a group of experienced executive search and HR specialists to work primarily with early stage and fast growth businesses in Cleantech. Our clients include venture capital backed businesses in renewable energy, recycling and nanotechnology. Over the past year we have been asked to recruit a raft of senior talent, equipped with the skills to make these companies global players. This is partly due to the fact that ‘Green’ investment is perceived as sexy and that there is a queue of Cleantech businesses waiting to IPO. So whilst these businesses are the brain-children of technologists and entrepreneurs, backers are insisting that they beef up the management teams with impressive, high-calibre finance and operational managers to wow brokers and entice new investors.

Some of these hires come from other industries, particularly those that have similar business models or KPIs. For example, operations managers with a heavy manufacturing or chemical engineering background can adapt to the recycling sector and managers from conventional energy businesses can establish themselves in renewable energy companies without breaking sweat. Generally however, the most sought after candidates possess both sector experience and first class management credentials. Even in the recently troubled venture capital and investment banking industry, investment professionals who have the ability to combine the skills and knowledge to evaluate cleantech prospects technically as well as financially are attractive recruitment targets. Make no mistake, Cleantech will continue to offer hot employment opportunities in 2010.

“These Pathways Out of Poverty grants will help workers in disadvantaged communities gain access to the good, safe and prosperous jobs of the 21st century green economy,”said Secretary Solis. “Green jobs present tremendous opportunities for people who have the core skills and competencies needed in such well-paying and rapidly growing industries as energy efficiency and renewable energy.”

Through the 38 grants awards announced today, targeted populations will receive recruitment and referral services; basic skills, work-readiness and occupational skills training; supportive services to help overcome barriers to employment; and other services at times and locations that are easily accessible. Through these programs, participants will receive certifications and on-the-job training that will lead to employment.

In order to serve the specific populations targeted by these grants effectively, the Department of Labor encouraged applicants to focus project efforts in communities located within one or more contiguous Public Micro Data Areas (PUMAs) where poverty rates were 15 percent or higher. PUMAs are geographic areas designated by the U.S. Census Bureau. All applicants were required to have experience serving economically disadvantaged populations. Programs funded today will serve unemployed individuals, high school dropouts, and other disadvantaged individuals within areas of high poverty.

There are two types of award recipients for these grants: 1) national nonprofit entities with networks of local affiliates, coalition members or other established partners; and 2) local entities including nonprofit organizations, such as community and faith-based organizations, the public workforce investment system, the education and training community, labor organizations, and employer and industry-related organizations.

Today’s grants are part of a larger Recovery Act initiative — totaling $500 million — to fund workforce development projects that promote economic growth by preparing workers for careers in the energy efficiency industries. For a full listing of the grants and project descriptions, visit http://www.doleta.gov/pdf/Pathways_Poverty_grants.pdf. To view a video by Secretary Solis, visit http://www.dol.gov/dol/media/webcast/pathways. The U.S. Department of Labor expects to release funding for one remaining green grant award category over the next several weeks.

To find out more about job training opportunities available through the Department of Labor, call the National Contact Center’s toll-free helpline at: 866-4-USA-DOL (487-2365) or TTY 877-889-5627.