Jeb Conrad’s focus is job creation in Kokomo and the Howard County area. Conrad is the president and CEO of the Greater Kokomo Economic Development Alliance.
Conrad said in the short term, he believes it will put a lot more people back to work on projects that will make the community more attractive to prospective businesses.
“We think if there are dollars for the physical things short term, we’ll be in a much better position to sell our community,” he said.
While it’s important to boost the current businesses in Kokomo, Conrad said it’s also important to diversify the local economy.
GKEDA is focused on retaining talented individuals in engineering and information technology who wish to be entrepreneurs. He said these individuals promote upcoming and growing businesses that focus on product placement.
It’s his belief that the recovery act will not only help laborers but generate enough revenue to bring high paying jobs to the area.
“Those dollars will go a long way to creating longer term and sustainable jobs,” he said.
Economist Morton Marcus said an influx of money into the system will generate jobs. But he still questions some of the numbers the Obama administration has used. Like many individuals, Marcus doesn’t know where Obama’s formula for job growth comes from.
“It comes from very careful analysis by astute economists,” he said. “It’s the typical kinds of stuff any administration would do. They have a number someone has put together very sincerely but in a method that could be challenged.”
Marcus is also concerned the demands and restrictions written in the 407-page stimulus document will be counter-productive.
“My chief concern is that we will eat up a lot of this money in administrative cost either at the federal level in Washington, regional in Chicago or state level in Indianapolis,” he said.
In the meantime, Plank is crossing his fingers. With so many questions lingering, Plank isn’t sure what to put his faith in.
“I’m hopeful, but I’m also doubtful,” he said.
Indiana’s stimulus package:
Medicaid: $1.4 billion
Education: $1.3 billion
Roads and Bridges: $650 million
Nutrition: $400 million
Weatherization: $100 million
Water Quality: $100 million
Housing: $100 million
Public Transit: $80 million
Energy: $70 million
Employment Services: $70 million
Child Care: $40 million
Justice: $40 million
— Provided by www.invest.in.gov