BP fines may generate jobs

Mather Economics released on Tuesday its report on the economic impact associated with wetland restoration and risk mitigation spending in the Gulf Coast Region, if the BP fine money is allowed to help the Gulf Coast recover from the 2010 oil disaster. The study attempted to forecast employment growth as a direct result of increased outlays appropriated for various restoration projects along the Gulf Coast.

In its executive summary, Mathers reported the Gulf Coast restoration funding can yield robust incremental employment effects. Over 50 years, $25 billion in restoration funding could promote the creation of as many as 88,011 incremental jobs throughout the Gulf Coast. In the first 10 years of restoration funding alone, 74,492 jobs could be created, for an average of 7,449 jobs created per year during that period.

Read Mather