"Every billion dollars spent on infrastructure produces 40,000 new jobs," he said.
"Every billion dollars invested in highway construction produces 47,500 jobs," the senator said in a speech.
For every billion dollars we spend to develop our domestic resources, we create 12,500 jobs.
Conventional wisdom in Washington states that for every billion dollars spent on defence, 20,000 jobs are created.
"For every billion dollars that we invest, that creates 15,000 to 20,000 jobs either directly or indirectly," Jim Rogers, the chief of Duke Energy, said at the conference.
Investing in infrastructure would be a boon to our manufacturers, and for every billion dollars we can create 18,000 well-paying jobs that cannot be outsourced.
"Every billion dollars of spending on highways and transportation projects results in 35,000 new jobs," Mr. Mica said, using a figure in the midrange of estimates by economists.
The Obama Administration has stated that for every billion dollars in federal infrastructure spending 40,000 new jobs will be created.
The Obama Administration had estimated that for every billion dollars in infrastructure spending, 40,000 new jobs would be created.
In December of 2008, President Barack Obama's Presidential transition team estimated that for every billion dollars spent on federal infrastructure projects, 40,000 jobs would be created nationwide.
