Swenson, David A.

March 2009

In February of 2009 Congress passed and the President signed the American Recovery and Reinvestment Act. That act is more commonly known as the “stimulus bill” because its primary purpose was to help create new economic activity to help offset the downward pressures of the current recession that began in December, 2007. Each state receives allocations from the stimulus bill, and Iowa’s announced share is $1.91 billion. This article looks at the kinds of aid the state is receiving and estimates the types of impacts that spending may have on job creation or job stability.

JEL Classification: H00