Tuesday, February 16, 2010

Big losses projected if H-2s work on buildup projects

Big losses projected if H-2s work on buildup projects

Posted: Feb 11, 2010 5:08 PM
Updated: Feb 11, 2010 5:08 PM

by Mindy Aguon

Guam - Vice-Speaker B.J. Cruz says Guam's economy stands to lose hundreds of millions of dollars if H-2 workers are allowed to be utilized for military buildup-related construction projects. Cruz has asked Congresswoman Madeleine Bordallo to reconsider her position on allowing H-2 workers for buildup construction activities.

He told KUAM News, "I'm just asking that she reconsider the Abercrombie amendment, which is suggesting a 30% maximum of H-2 laborers, and if we reduce it to that amount then we'll have more money floating in the economy." He added, "If you're going to force it down our throat, then I want every penny that's absolutely possible to accrue to the local people."

Estimates in the Draft Environmental Impact Statement project that H-2 workers will spend about 20% of their money in the local economy, compared to 45% to be spent by workers hired locally. Cruz says if the H-2 workers spent at the same level as locally-hired workers, Guam's economy would benefit by approximately $368.5 million.

No comments: