Fed. stimulus creating jobs in KY - WDRB 41 Louisville News

Fed. stimulus creating jobs in KY

Kentucky is expected to get thousands of new construction jobs, thanks to federal economic stimulus money.  Kentucky received more than $420-million in federal stimulus money.

Several counties will see the new jobs created including Jefferson and Bullitt.

The heavy equipment has moved in and crews are moving out the dirt to start widening Kentucky 61 in Bullitt County.  It's one of the first projects in the state that has started as a result of the American Recovery & Reinvestment Act.  The project is funded with more than $5-million in federal stimulus money.

"The overall purpose of the stimulus money is not just to build roads, the purpose was to employ people to build roads create jobs.  The money is doing just that in Kentucky, creating and preserving good paying construction jobs," said Chuck Wolfe with the Kentucky Transportation Cabinet.

The Kentucky Transportation Cabinet received $421-million in stimulus funding for transportation projects.  $368-million was set aside for statewide highway improvements, with about $150-million worth of projects that had to be approved by July 1st.

"The stimulus program allowed us to move more highway and bridge projects into construction than we would have otherwise been able to do," said Wolfe.

Some of the projects in Jefferson County include: resurfacing parts of I-264 and I-265.  After the Kentucky State Fair, crews will begin repairing and re-paving three miles of I-65 near the Kentucky International Airport.  It's estimated $18-million dollars in federal stimulus money will be used creating several more jobs.

"The Federal Government has a rule of thumb that a $100-million investment means 3,700 jobs.  By that rule of thumb, the federal stimulus dollars are creating about 14,000 jobs in Kentucky," said Wolfe. Those jobs have a goal of making an impact on Kentucky's economy and unemployment rate.

The way jobs are created is the government gives the money to the state, who ends up hiring construction companies for the projects, and those companies end up hiring the workers.  In addition, to the transportation cabinet receiving money, the Kentuckiana Regional Planning and Development Agency also received $23-million for road and bridge projects.  And with so many stimulus projects about to start, you can count on seeing more construction around the area.

To look at Kentucky's highway plan and projects funded by the economic stimulus package, just click here.

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