. -- we have bob beck at the request of the board of the last meeting. jobs are important to the economic well-being of the country. there is an amount of discussion surrounding what we need to do to increase the jobs, and this project alone, just in phase one [no audio] direct and indirect, tremendous impetus to our economy, and on that, i'm going to have bob report. >> thank you. when the mtc was working with the tjpa, caltrain, and the high speed rail authority on developing the investment strategy for the bay area application under our -- arra, we wanted to find a common methodology or basis for estimating job projections. what the mtc and agencies agreed upon was to use a recently published publication on job forecasts for capital investment. it is entitled "job impact of spending on public education day-to-day in 2009. in that study, they projected an average of 30,000 jobs created per billion dollars worth of investment in public transit. that number of jobs ranged from a low of 20,000 jobs per billion dollar investment to 41,000 jobs per billion