UPDATE: State Stimulus Funds Lead to 1,703 Jobs

It turns out that the stimulus funds administered by the state have been more effective in creating or saving jobs. According to a report just released by the governor’s office, the state has commissioned stimulus projects  worth a total $510,675,042.02, yielding 1,703.45 jobs. This is a higher ratio of jobs to stimulus dollars than we saw with federal funds that bypassed the state, discussed in the below post. However, if every dollar from the stimulus funds went to short-term job retention or creation – which was the stated purpose of the program – then each job cost $299,788.68.

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