SPECIAL REPORT: Stimulus Money in Ohio
Updated: Monday, February 25 2013, 08:34 PM EST
COLUMBUS -- Ohio received more than $8.7 billion dollars in stimulus funds since 2009. Many economists and political analysts say the money was too much, too soon.
Money was spent on roads, bridges, and other types of infrastructure. Ohio Congressman Steve Stivers says that’s the way it should be. Instead, most of the money was spent on grants and research, "While we have a multi-trillion dollar back log of infrastructure needs."
Stivers says transparency in Washington, D.C. is one problem. That and false promises, "Just the concept behind it that it was going to create permanent jobs...or any jobs. Most the spending from the stimulus didn't create jobs."
Columbus company Value Recovery Holdings received more than four million dollars over the years for financial analysis services. They were just awarded another $869,000 in September of 2012. CEO Barry Fromm says they create jobs through their projects, "We do employ a number of people that are from Ohio. There's ten people down the hall that do accounting, and legal, finance, technology."
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Reporter: Mike Kallmeyer
Web Producer: Kellie Hanna
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