Saturday, May 03, 2008

Show me the Money, honey

I double checked to see when my check would arrive. Not until time for the Three Rivers Fest.

When yours arrives, here's how you can help our local economy.

This is from the Chamber of Commerce Blog:

Invest in the Community in a Big Way

Posted: 02 May 2008 01:04 PM CDT

Invest that federal rebate check into Fort Wayne and you'll give back in a big way.

According to estimates made by the Community Research Institute at IPFW the federal economic stimulus checks (which started going out this week) will put $110 million dollars of new money into the hands of Allen County residents.

Assuming that money is spent here through local businesses then an additional $33 million would be generated in economic impact to create a total of $143 million dollars according to the Indiana Business Research Center.

While the assumption that 100% of the rebate dollars will be spent locally is a stretch, it just goes to show that local spending will certainly have a meaningful impact on the economy of Northeast Indiana.

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