Increasing access to food stamps would boost the New York City Economy

October 17, 2006. Currently, the flow of federal food stamps into New York City – about $1.4 billion annually to nearly 1.1 million people at an average benefit of $110 per person per month – supports 9,600 jobs and $850 million of annual economic activity. This issue of Fiscal Policy Note$ finds that if access to the program were expanded so that all those eligible were participating, food stamp spending would increase by $355 million. This spending would create 2,300 more jobs and $210 million in additional economic activity each year, pushing the economic impact of food stamps well over the billion dollar mark. Press release and report.

%d bloggers like this: