Economic Benefits of Montana Department of Commerce Housing Program Activities : Information in Support of the Montana Consolidated Plan for Plan Year Beginning April 1, 2007 2007

Cover Economic Benefits of Montana Department of Commerce Housing Program Activities : Information in Support of the Montana Consolidated Plan for Plan Year Beginning April 1, 2007 2007
Economic Benefits of Montana Department of Commerce Housing Program Activities : Information in Support of the Montana Consolidated Plan for Plan Year Beginning April 1, 2007 2007
Montana.Dept. of Commerce
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Induced jobs could be in any industry that provides consumer goods or services such as performing arts, health care, education, retail sales, or food service establishments. MDOC Housing programs were responsible for creating or maintaining 5,031 full time equivalent jobs in 2006.
TABLE 2 Jobs Created or Maintained by l\yiDOC IHousing Program Expenditures Year Direct Jobs Indirect Jobs Induced Jobs Total Jobs 1997 1,873 336 486 2,694 1998 1,836 332 477 2,645 1999 1,982 356 512 2,849 2000 2,609
...460 668 3,737 2001 2,321 417 603 3,342 2002 2,916 527 762 4,205 2003 2,129 395 570 3,095 2004 3,392 613 889 4,893 2005 3,466 623 907 4,996 2006 3,486 632 914 5,031 10 Year Total 26,010 4,691 6,789 37,489 For the period from 1997 to 2006, MDOC housing programs were responsible for over $2.3 billion of economic activity within the state. This represents a 48-cent addition to each initial dollar spent by the funding agency. Additionally, these expenditures were responsible for creating or maintaining over 37,000 jobs during the ten-year period.

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