6:01 am October 16, 2009, by Henry Unger
The federal stimulus money is coming in handy with Georgia’s unemployment rate stuck at 10.1 percent.
Stimulus spending on road projects, schools, public safety and other areas has created or saved more than 23,000 jobs in the state, AJC reporter Jeremy Redmon writes.
A total of 18 state agencies have spent $702 million of the $3.2 billion allocated to them since the president signed the American Recovery and Reinvestment Act in February. That resulted in 23,879 jobs created or retained in Georgia, according to a state report obtained by the AJC.
That breaks down to $29,380 spent per job across the state.
According to the study, 12,923 jobs were retained – mostly in local public school systems — after the state spent so-called “fiscal stabilization” funds — stimulus money intended to shore up local and state government budgets amid the recession.
State officials have cautioned not to draw strong conclusions from the numbers yet, as only a fraction of the $6.4 billion set aside for Georgia has been spent, Redmon reports.
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