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Federal stimulus money created or saved 11,852 Minnesota jobs
Submitted by Matt McMillan on November 2, 2009 - 10:50pm.
The federal government posted the final American Recovery and Reinvestment Act data reports for all federal contracts, grants and loans awarded through Sept. 30.
Minnesota filed its preliminary data on Saturday, Oct. 10. Federal and state officials across the country have since worked to ensure accuracy and completeness of required data.
The final data shows that 11,852 jobs created or retained in the state. The preliminary data released on Oct. 10 was 11,832 jobs. To date, $1.6 billion in ARRA funds have been received and spent by the state. The $1.6 billion in ARRA spending includes unemployment insurance, medical assistance and food support programs that are not included in the jobs reporting. Current estimates are that Minnesota will eventually receive a total of $4.7 billion for state administered programs with an additional $4.2 billion in the form of individual tax benefits to Minnesota residents over the next three years.
