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News About the American Recovery and Reinvestment Act

The Richmond Register (Kentucky) - Stimulus money helps state balance Medicaid
Kentucky's Medicaid system would be more than $230 million in the hole without the influx of federal stimulus money.

At the same time, the state is short of money because of a deep recession, the demands on Medicaid have grown as a result of the depression, according to Medicaid Commissioner Betsy Johnson, adding 3,000 eligible participants each month since June of 2008.

But $303.4 million from the American Recovery and Reinvestment Act (ARRA) -- the federal stimulus -- in fiscal year 2009 and a projected $486.0 million in 2010 has balanced the books and even allowed the state to transfer $63 million of general fund dollars in 2009 and $383 million in 2010 from Medicaid to soften budget cuts to other areas of state government.

That is because the extra federal money allows the state to reduce its portion of the bill from 30 percent to 20 percent on each dollar. Kentucky went from a 70-30 federal-state match to 80-20 because its unemployment rate rose above 8.9 percent. [Read More]

Observer Dispatch (New York) - Area company grateful for Recovery Act
By temporarily eliminating fees for borrowers of Small Business Administration, or SBA, loans, the Recovery Act has helped save The Medicine Shoppe $13,245 in costs. That money can be used to hire workers and maintain operations, the [owners Paul and Michele McDonald] said.

Since Congress passed the Recovery Act in February, 35 small businesses in Oneida County have saved more than $59,000 in SBA fees and accessed more than $3.5 million in critical capital - the “life blood of small businesses” - U.S. Rep. Michael Arcuri, D-Utica, said…

County-wide, SBA financing has helped create 75 jobs and retain 180 jobs, Arcuri said. [Read More]

Boston Globe (Massachusetts) - City adds $720,000 in stimulus
As the nation's economy plunged, the city was able to use federal funding to save 100 police officer jobs and 231 positions within the Boston Public Schools, including 180 teacher posts.

The stimulus package directly funded 850 youth jobs in the city's summer jobs program - close to 10,000 were created in all - and the city has leftover funding for the winter and next summer. Job training was offered to 232 adults. [Read More]

The Gazette (Colorado) - Stimulus money saves DA's juvenile diversion team
Federal stimulus money has spared the jobs of a six-person team that works with first-time juvenile offenders in the 4th Judicial District Attorney's office.

The jobs were among 65 law enforcement positions statewide to be paid for by the American Recovery and Reinvestment Act, according to Gov. Bill Ritter's office.

The unit deals with about 800 juveniles each year, by getting them into treatment programs as an alternative to prosecution… [Read More]

Federal Computer Week - DOE to invest $37 million for R&D into clean energy
The funding will be available through the Small Business Innovation Research and Small Business Technology Transfer programs targeted toward U.S. companies with fewer than 500 employees. Topic areas being considered for funding include sensors, controls, wireless networks and smart controllers for smart grid applications. [Read More]

Silicon Valley / San Jose Business Journal (California) - San Jose airport gets $7.2M in stimulus funds
That project will enhance the safety of general aviation aircraft and reduce the risk of accidents on the airfield, according to airport officials. The stimulus funds will finance $5.2 million of the project, with the FAA contributing $2 million through the federal Airport Improvement Program and the airport $482,000.

The project is expected to create more than 80 construction jobs. [Read More]

The Daily Sound (California) - Summer jobs program dubbed a success
After going 10 years without a summer youth jobs program, the county of Santa Barbara roared back into gear this summer, offering temporary employment to 59 youths who did everything from installing software on the CEO's computer, to helping inspect construction sites.

The program, which filtered the participants through 16 county divisions, was buoyed with $1.9 million in funding from the American Recovery and Reinvestment Act, the bulk of which has been tagged for next year's program. [Read More]

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