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* ARKANSAS SUMMARY *
* *
* EDA Projects from 1980 - 1994 by Program Type *
* & *
* Estimated Wage-Earner Tax Revenues Generated *
* by EDA Project Jobs *
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Notes:
304 PR = State Discretionary Grants
DEFNSE = Defense Dept. Economic Adjustment Grants
DFP GU/LN = Business Loans & Guarantees
PLANNG = State & District Planning Grants
PUB WK = Public Works Facilities Grants
RL FUND = Title IX Long-Term Economic Deterioration Revolving
Loan Fund Grants
SSED-S = Title IX Sudden Severe Economic Dislocation
Adjustment Grants
TECH-A = Local Technical Assistance & University Center Grants
Other Federal Funds include Defense Adjustment Grants &
Federal Loans, primiarily from FmHA.
EDA PROJECTS FROM 1980 - 1994 BY PROGRAM TYPE
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Program # of EDA Other Fed. State
Type Projects Funds Funds Funds
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304 PR 13 $0 $0 $840,284
DEFNSE 3 $0 $5,150,600 $0
DFP GU/LN 6 $5,350,000 $0 $0
PLANNG 178 $9,091,157 $0 $0
PUB WK 83 $55,134,370 $20,169,080 $605,423
RLFUND 13 $7,700,000 $0 $0
SSED-S 7 $460,555 $0 $0
TECH A 34 $2,391,818 $0 $2,634
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Sum Total 337 $80,127,900 $25,319,680 $1,448,341
Avg./Project XXX $237,768 $75,133 $4,298
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Program Total Private # of EDA Cost
Type Funds Investment Jobs Per Job
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304 PR $2,107,000 $9,650,000 2,257 $0
DEFNSE $8,434,000 $17,100,000 4,071 $0
DFP GU/LN $7,650,000 $0 930 $5,753
PLANNG $12,513,740 $0 0 NA
PUB WK $115,506,775 $1,711,786,000 22,398 $2,462
RLFUND $9,204,001 $1,500,000 0 NA
SSED-S $595,407 $0 0 NA
TECH A $3,129,282 $506,018 200 $11,959
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Sum Total $159,140,205 $1,740,542,018 29,856 $2,684
Avg./Project $472,226 $5,164,813 89 $2,684
ESTIMATED WAGE-EARNER TAX REVENUES GENERATED BY EDA PROJECT JOBS
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Number of Jobs due to EDA Funding 29,856
Estimated Wages based on 1994 Arkansas
Avg. Mfg. Wage ($405.44/week) $629,450,465
Federal - Income Withholding (9.0%) $56,650,542
Federal - FICA Employer (6.2%) $39,025,929
Federal - FICA Employee (6.2%) $39,025,929
Federal - FUTA Employer (6.2%) $39,025,929
Federal - Medicare (1.45%) $9,127,032
Federal Payroll Taxes for 1994 $182,855,360
State - 1994 Income Tax (6.0%) $10,971,322
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Total Federal & State Payroll Taxes, 1994 $193,826,682
Estimated Annual EDA ROI
(Return on Investment) from Wage-Earner
Federal Payroll Taxes (Fed. Tax $/EDA $) $2.28
This page was compiled by the Institute for Economic Advancement and funded in part by the Economic Development Administration.