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While the nature of our economy is regional, at the same time it operates in a global marketplace. Because governments are organized on the state and local levels, we believe there is a significant gap between how our region functions and how it is governed, a gap the Economy League aims to bridge.
The $787 billion “American Recovery and Reinvestment Act” signed into law by President Obama on February 17, 2009 was slightly scaled back from both of the original U.S. House and Senate versions but retained most of its spending provisions. But while many have billed this most recent round of government spending as “infrastructure stimulus,” the reality is that only a small portion of the final package is dedicated to infrastructure, and an even smaller portion to transportation infrastructure. ...more
Impact study shows job creation, 3.5 to 1 payback for every dollar invested
Government investment in early-stage technology companies and in innovation in established manufacturers in Pennsylvania from 2002 to 2006 injected billions into the state economy, returned $3.50 for each $1 spent and created thousands of new high-wage jobs, according to a new study released by the Economy League of Greater Philadelphia. ...more
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