91ÊÓÆµ

Oregon construction industry would get $770M from Obama’s jobs plan

By: Nick Bjork//September 16, 2011//

Oregon construction industry would get $770M from Obama’s jobs plan

Nick Bjork//September 16, 2011//

Listen to this article

As more details emerge about President Obama’s proposed American Jobs Act, as much as $770.6 million could be injected into Oregon’s construction industry.

The White House today released a breakdown of how the plan, if passed by , would affect each state. In it, the President has earmarked more than $770 million, in addition to the several tax cuts, that would directly affect Oregon construction companies that work on transportation, education and residential projects.

According to , Oregon will receive at least $426.2 million of the $50 billion set aside for immediate investments in highway, transit, rail and aviation projects. The money could support as many as 5,500 local jobs, according to the fact sheet.

Additionally, the president would send $253.2 million to public K-12 schools in Oregon for modernizations and maintenance, as well as $71.2 million to community colleges for upgrades to learning spaces.

Oregon would also see at least $20 million of the President’s suggested $15 billion for rehabilitating and refurbishing hundreds of thousands of vacant and foreclosed homes and businesses. The funds would be available through a competitive application process.



News

See All News

Commentary

See All Commentary

COMMUNITY CALENDAR