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Wednesday, March 04, 2009

Bleeding Heartland: More details on highway stimulus funds coming to Iowa

Excerpted from this post at Bleeding Heartland

The White House released detailed information today on the $28 billion
the stimulus bill directs toward highway construction. According to a
press release (sorry, no link), the highway spending will "lead to
150,000 jobs saved or created by the end of 2010." An estimated 95,000
jobs would come from the "direct impact of building new roads and
fixing old ones," while 55,000 jobs would come from "the economic
activity generated when these new workers spend more than they would
have otherwise." ... This page at Recovery.gov has a map you can use to
see how much money in highway funds will go to individual states. Iowa
is slated to receive about $358 million, of which about $240 million
can be used in any part of the state.

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Mike Schramm
Andy Szal

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