After making updates and adjustments to the data required under the Federal Recovery and Reinvestment Act (ARRA), it was determined that 5,323 jobs were created or retain in Iowa. These jobs were reported for ARRA fund expenditures made through the end of September.
The most significant number of jobs created or saved is related to the State Fiscal Stabilization Fund (SFSF), which created or saved 2,275 jobs in school districts throughout Iowa. Funding for highway transportation projects created or saved 1,326 jobs.
Some of the biggest recipients of ARRA funds in this reporting period, which include entitlement programs, are exempt from the Section 1512 reporting process. These exempt funds include the Federal Medicaid Assistance Percentage (FMAP) program, which represents nearly 39% of all of Iowa’s ARRA expenditures to date.
A more detailed listing of jobs created/saved is available on the website. The next round of reporting will begin January 10, 2010.