I've written more than once on these pages about the job-creation ripples the Obama Administration anticipates from the American Recovery and Reinvestment Act. With its decision to build an aggregate mining facility to produce road construction materials, Sloan Construction of Duncan, South Carolina, provides a perfect example of ARRA's stimulus effect.
As WSPA7 reports, Sloan expects to break ground on the $15 million plant this fall, with operation to begin by early next year. The Sloan expansion will provide 40 new jobs in Cherokee County, South Carolina, where the unemployment rate was 17.6% in June.
According to the Associated General Contractors of America:
"Certainly one of the reasons Sloan has decided to build the plant is because they see road paving as a steady source of income--thanks this year and next to the stimulus."
And it's not just the jobs Sloan's new plant will create; those new employees will have money in their pockets as well, and they will likely spend some of it in Cherokee County businesses.
When we suggested that ARRA money would create indirect jobs in transportation infrastructure, this is what we had in mind.
This is stimulus.