The Board of Trustees of Greater Spokane Incorporated (GSI), the Spokane region's Chamber of Commerce and Economic Development Council, voted to support the Mead and Central Valley School District bonds that will be found on the voting ballots in February.

The school bonds will allow for needed school renovations and provide an investment into our local economy at a time when it is most needed. Each bond will create jobs and produce an economic impact.

GSI recently completed an analysis of the financial impact of the bonds, and determined that the local bond and state match dollars will result in a nonrecurring construction impact of $323 million. The projects will generate more than $2.8 million in local tax revenue and $8.3 million in state tax dollars during the construction period. Approximately 817 new jobs will be created as a result of the construction.

"GSI fully supports the bonds. The modernization of school facilities is crucial to support education, the recruitment of companies, and our overall quality of life," said Rich Hadley, President & CEO of Greater Spokane Incorporated.

GSI works in partnership with the k-12 and higher education systems as it creates the next generation of highly skilled and educated workforce. An educated and skilled workforce is vital to the success of businesses throughout our region.

For more information on the school bonds, visit the Mead and Central Valley School District Web sites:

Mead: www.mead354.org
Central Valley: www.cvsd.org

About the Financial Analysis and Construction Impact by Type
A company that builds a new facility will generate a construction impact.  Although this impact is nonrecurring, it may be significant in the year(s) of the construction period and, therefore, should be considered in the overall impact of any project, especially at the local level. The Construction Impact report shows the amount of direct, supplier and consumer impacts resulting from local construction expenditures. These include Employment (on a person per year basis); an estimate of Supported Population and Households; calculations of Personal Income or payroll; and Economic Impact or Output, which is the estimated increase in the value of production. Additional impacts will be generated in future years.

About Greater Spokane Incorporated
Greater Spokane Incorporated is committed to growing jobs and business opportunity throughout the Spokane region. Your Regional Chamber and EDC, GSI is funded by more than 1500 private-sector member investors; Washington State; Spokane County; and the cities of Spokane; Spokane Valley; Liberty Lake; Cheney; Airway Heights; Medical Lake; Newport and Millwood.  For more information, visit www.greaterspokane.org or contact us at 509-624-1393 or 1-800-SPOKANE.