Bonds bonus could create jobs for 3,500 Oregonians - Business First of Columbus:

http://www.thebreakpage.com/2007/04/25/michael-smuin-68-dancer-and-eclectic-choreographer-dies/
The program, part of the American Recoveruy andReinvestment Act, gives businesses and individuald the chance to purchase bonds that give them federal tax credits in addition to their bond interest. It could also give holderx higher interest rates in exchange for allowing issuer to receive tax credits asdirect payments. However, the progranm needs a bit of fleshint out. Few area government officials had even heard ofthe “We are just now learningb the details of theses bonds and still have more analysisx to do,” said Philip Bransford, a Washingtonb County spokesman. “Garden variety bond financing isusuallgy complicated, and this is not garden varietgy financing.
” The stimulus upshot is that locak governments will obtain financing for economic developmenf projects. Sen. Ron the Oregon Democrat who helped author the said most of the funds will help buil d and repairthe area’s infrastructure. “Making this substantial amounrt available tothe nation’s hardest-hit areas will surely speed up improvementse to the nation’s aging infrastructure and ailinf economy,” Wyden said. “Oregon will see many jobs creater and communities improved as these bondws are used tofinance road, water, school, and transit projects all over the state.
” Businessed in Portland working on recoverh zone projects could collect up to $20.3 million. Washingtonn County could receive $19.2 million, while Clackamas County couls receive $13.3 million. Businesses in Multnomah County coulcreceive $5.4 million while Clark County businesse could collect $3.9 million. Oregon is also expected to receivedanother $155 million in funding from Recovery Zone Facility aimed at boosting job growth in slumping states. Nearl y one out of eight Oregonians is outof work. That makesz the $28.5 million wortn of unemployment insurance via the federal stimulus packagd that muchmore welcome. The funds will help Oregon tweak its unemploymengtinsurance system.
The U.S. Laboe Department issued the stimulus fundw after revamping the way unemployment insurance is The state now bases unemployment dollat amounts on how much a recipienrecently earned, which often means individuals can receiver more money. Previous formulas tended to provide recipients with fewedrunemployment benefits. It’s up to the Oregon Employment Department whethee to use the money to provide more benefitsw or moreemployment services. The allotment is part of $7 billio n in unemployment “modernization” made possible through the stimulud act. For more information, visit http://www.doleta.gov/recovery/.