$691,000 Per Job
Although the Denver Post doesn’t do the math, that’s how much each job created in Colorado has cost the Federal Government, er, you.
While the number — 4,695 jobs created or saved — may sound encouraging for Colorado, it also is misleading in terms of economic impact.
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$583 million in Recovery Act funds have flowed to 96 different companies, individuals and other entities such as housing authorities.
contracts went to companies based here. The biggest job generators were deals with TeleTech, 4,231; Ball Aerospace, 58; the National Renewable Energy Laboratory, 42; and Navarro Research and Asphalt Constructors, 27. In 64 of the contracts, companies listed zero jobs.
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Though Colorado was ranked as the top job creator among states — given TeleTech’s hiring of 4,231 people to staff a series of call centers — only 379 of those employees worked in Englewood. The rest were scattered throughout the country, such as in London, Ky., and Ocala, Fla.
The workers were hired, according to a summary TeleTech provided to recovery.org, to help its clients respond to public inquiries about the conversion from analog television transmission to digital. They were employed between April and August, according to the report. Company officials didn’t return phone calls from The Post seeking more detail about the jobs.
So, it’s not 4695 jobs, it’s 843 jobs here in Colorado, and that’s if we include the 379 that have since gone away from TeleTech.
$583 million spent, 843 jobs. Quite a deal you made for us there, Rep. DeGette and Sen. Bennet.
