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Friday, October 16, 2009 - 10:09am

State Report: Stimulus Money Saved or Created 23,000 Jobs

Federal stimulus money has created or saved more than 23,000 jobs in Georgia.

According to a state report, Georgia has spent about $702 million of the $3.2 billion allocated to it since President Barack Obama approved the stimulus package in February.

The study shows nearly 13,000 jobs were retained… mostly in public school systems.

Education has received the most stimulus money… so far it has spent about more than half of the $844 million it has been allocated.

The federal government estimated 106,000 jobs would be created in Georgia.

State officials say its too early to draw conclusions because Georgia’s only spent a fraction of what’s been set aside for it.

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