The Impact of ARRA Funds on Employment (Part 2)
The White House reported over the weekend that 17,597 jobs have been “created or saved” in Puerto Rico thanks to the impact of federal stimulus spending in the island. According to this report, Puerto Rico has been awarded $1,936,135,565 in federal funds under the American Recovery and Reinvestment Act of 2009 (“ARRA”), of which $200,030,374 have been “received”, and thus presumably spent.