Tag Archives: American

Federal Stimulus Created 17,622 Tennessee Jobs in First Quarter of 2011

The American Recovery and Reinvestment Act created 17,622 Tennessee jobs in first quarter 2011, according to a Memphis Business Journal analysis.
As of March 31, 2011, the Recovery Act created 879 projects in Tennessee with an average of 20 jobs per project. The median number created was 1.7 jobs. The 25 largest job-creating projects accounted for 81 percent of the jobs created in the quarter.
Eleven of those projects focused on creating jobs and making improvements statewide. Job-creating projects in Tennessee received an average of just under $2.8 million in federal funds.
The median amount of funds received was $297,277. The top 25 projects based on number of jobs created accounted for 55.8 percent of funds received in Tennessee during first quarter 2011.