New report shows each dollar invested in workforce returns $10+ to local economy

A new report shows that federal Workforce Investment Act funding returns $10.45 for every dollar invested in Seattle-King County.

What’s more, $146 million will be generated for our economy by the adults and youth placed in jobs by Workforce Investment Act programs during just one program year.

The WDC commissioned the study by Economic Modeling Specialists Inc. (EMSI) to examine the economic benefits generated by federal workforce dollars in the community of Seattle-King County.

The researchers determined the lifelong earnings of the customers placed in jobs by in Program Year 2009 to determine the effect on the economy. This “income effect” is $80.1 million for the 247 job placements in the WIA adult program; $52 million for the 328 job placements in the dislocated worker program; and $13.8 million for the 123 youth who were placed—for a total of $146 million.

Press release…

Full report…

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