One year after the Recovery Act was passed, the Obama administration today released figures on the number of jobs created, saved and monies spent in 2009. According to the Council of Economic Advisors (CEA), Florida spent $7.7 billion and 112,000 jobs were created or saved.
See Details Below:
Total Jobs & Spending for Florida
· JOBS CREATED AND SAVED –CEA estimates that 112,000 jobs were created or saved by the Recovery Act in Florida in 2009
· TOTAL SPEND – More than $14.9 billion in Recovery funds has been made available to Florida – and more than $7.7 billion has already been spent.
Investing in Infrastructure
· CONSTRUCTION – 612 transportation projects have been obligated in Florida, totaling more than $1.6 billion.
· SMALL BUSINESS – 1,947 Recovery Act-backed small business loans have been given to Florida small businesses, supporting over $1 billion in lending.
Relief to Individuals
· TAX RELIEF – Because of the Making Work Pay tax credit, 7,100,000 Florida working families will collectively receive $3.5 billion in tax relief.
· UNEMPLOYMENT BENEFITS – More than 1,030,000 Florida residents have expanded unemployment benefits because of the Recovery Act.
· STIMULUS PAYMENTS – Nearly 3.7 million Florida seniors, veterans and other high-need residents have received one-time economic relief payments of $250, totaling over $924 million.
Helping States
· TEACHERS – Close to 24,000 education positions were reported as funded by the Recovery Act in Q4 2009 in Florida – which has received close to $2 billion in State Fiscal Stabilization Funds (SFSF).
· MEDICAID – The Recovery Act has already made more than $2.9 billion available to help prevent additional Medicaid cuts in Florida. The state of Florida has spent more than $2.4 billion of the available funds.
