The new federal funds that would flow to Oregon as a result of the proposed Healthy Kids Plan would significantly boost the state's economy and would increase personal incomes.
Over the next four years, the influx of new federal funds would create an estimated 2,000 new jobs, increase Gross State Product by $272.6 million, and increase personal income by $284.3 million. The health care industry sector is expected to experience the largest increase in jobs.
Economic activity from the new federal funds will also result in a small increase in state and local tax revenues. State and local revenues will increase by $22.6 million over the next four years.
For the Health of Kids & the Economy
Contributing Organization(s): Oregon Center for Public Policy
Author(s)/Creator(s): Oregon Center for Public Policy
Publishing Date: 2007-04-01
Issue Areas: Economic Development; Government Reform
Ownership/Rights Info: Please consult the copyright holder before using or repurposing this information.
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