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Local Impacts From The Stimulus Package

President Obama signed a massive 787 billion dollar stimulus package into law this week with hopes of reviving the nation's economy.

We've heard lots of numbers about this stimulus package and what it can do for the U.S. but we're looking into what the money means for folks right here in our region.

We've seen businesses close and jobs lost, but now Kentucky is getting a piece of the stimulus pie that is expected to put nearly 50-thousand people to work.

Governor Beshear's chief of staff says eastern Kentucky plays a big role in filling those positions.

“For this country to recover, we have to recover here in Kentucky and we can't have the kind of recovery we need in Kentucky without seeing economic prosperity in the mountains,” Adam Edelen said.

Hundreds of millions of dollars are going to education to make that stronger workforce.

“If we are putting money into education, we’ll be preparing our students, giving our students what they need to succeed, it's really going to make a difference in the economy of this area,” Perry County Assistant Superintendent Abbie Combs said

Although it is federal dollars we're talking about Governor Beshear will have a lot of discretion when deciding how to allocate the money.

“Certainly this governor is a strong supporter of eastern Kentucky and I think you'll see the governor's investments in the east that reflect the governor's commitment,” Edelen said.

All the numbers are not set in stone just yet, but nearly half a billion dollars are expected to go into our roadways.

Edelen says while the economic stimulus will help our local economy, he warns that it is not a cure all and it will take time for us to get back to our feet.


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