Excess Corporate Cash Could Create 2.4 Million Jobs: UMD Study

February 16, 2012 COLLEGE PARK, Md. - U.S. corporations have far less cash on hand to invest than popularly believed - but enough to provide a significant economic stimulus and renewed employment growth in the midst of a tepid economic recovery, concludes a new study by University of Maryland economic researchers. The study projects that if corporations invested their "excess" cash reserves in capital projects, it could generate as many as 2.4 million jobs over the next three years. "We estimate that non-financial corporations are holding about $508 billion in excess cash, about