Study under way on recovery spending

DES MOINES - State officials hope Iowans will have a better understanding of how disaster recovery dollars have impacted the state economically when a study being done by an Iowa State University economist is completed later this year.

ISU economist David Swenson is looking at the economic impact of disaster recovery funding related to the 2008 tornadoes and floods.

A preliminary report on the disasters through December of 2009 estimated that $665.2 million in recovery assistance spending had resulted in $997.6 million in total industrial output, and $336.9 million in labor incomes had supported the equivalent of 8,543 jobs

To read a copy of the preliminary report, visit www.rio.iowa.gov/resources/reports/Statewide_Economic_Impacts_of_Disaster_Payments.pdf