Nearly 1 Million Jobs Could Be Created By IT Stimulus, Study Says

The economy may be in recession but there is federal money to be had, with President-elect Barack Obama proposing a two-year, $775 billion economic stimulus plan.

The nonprofit Information Technology and Innovation Foundation is urging the government to devote a large portion of that money to IT in a report to be released Wednesday titled "The Digital Road to Recovery: A Stimulus Plan to Create Jobs, Boost Productivity and Revitalize America."

Although projects to improve the country's traditional physical infrastructure (e.g., roads, bridges, sewer systems) are necessary and important, investments in certain parts of our national information technology (IT) infrastructure—America's digital infrastructure—will have a greater positive impact on jobs, productivity, and innovation," ITIF president and report lead author Robert Atkinson writes.