businesses (accounting, legal, office supply companies, etc.). Induced jobs are those created as a result of the industry employees and indirect employees spending their wages to bolster another round of economic activity.
Recycling these naval assets brings a high job creation return on investment. With 95 ships, containing 613,629 tons of recyclable material valued at $611 million, more than 20,000 jobs could have been created. Compare this to President Obama’s January 2010 announcement in which $2.3 billion in Federal tax credits was expected to create 17,000 new
Clearly, recycling makes job sense,
particularly in a time when U.S. unemployment rates continue to hover around 10%.
http://www.csmonitor.com/Business/new- economy/2010/0108/Obama-to-create-17-000-green-jobs.- What-s-a-green-job 132