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News About the American Recovery and Reinvestment Act

White House - Vice President Biden Concludes “Road to Recovery” Tour with Michigan Groundbreaking
Vice President Biden concluded a two-day, three-state 'Road to Recovery' tour with Transportation Secretary Ray LaHood today in Kalamazoo, Michigan, where they attended the groundbreaking ceremony for the I-94 widening and Westnedge Avenue interchange reconstruction project.

Since this project was announced in April, an additional 2500 transportation construction projects have been funded under the Recovery Act, for a total of approximately 4500 projects in 53 states and U.S. territories.

Vice President Biden also announced that the Treasury Department is making Recovery Zone Bonds available today, $2 billion of which are going to the state of Michigan. The Recovery Zone Bond program was created by the American Recovery and Reinvestment Act and helps states and communities hardest hit by this recession attract new jobs and new private investment. Michigan counties are three of the top ten recipients of Recovery Zone Bond allocations. [06/12/09]

Tampa Bay Business Journal (Florida) - U.S. Treasury allocates recovery bonds for Tampa Bay communities
The U.S. Treasury Department announced $25 billion in bond authority as part of the Obama administration's stimulus efforts.

The Recovery Zone Bonds were created by the American Recovery and Reinvestment Act and are targeted to areas particularly affected by job loss. They will help local governments obtain financing for much needed economic development projects, such as public infrastructure development, the release said.

The city of Tampa received more than $20 million in bond authority under the program, including $8 million in million in economic development bond authority and $12.1 million in facility bond authority. For the city of St. Petersburg, there's $6.2 million in economic development bond authority and $9.3 million in facility bond authority. The city of Clearwater has $2.7 million in economic development bond authority and $4 million in facility bond authority. [06/12/09]

Associated Press (Kentucky) - Stimulus funds to be used in Paducah
The project to clean up contaminated buildings at a nuclear enrichment plant in Paducah is getting a $40 million boost from federal stimulus money.

Ted Theopolos, spokesman for the Lexington-based Department of Energy project office that oversees the plant, said the funds will go toward hiring more than 50 people over the next two months to work on the plant site.

Paducah's share is about 1.3 percent of $6 billion in new stimulus funding to hasten nuclear cleanup and create thousands of jobs across 12 states, including Tennessee, which is receiving $755 million for the Oak Ridge National Laboratory, and Illinois, which is getting $99 million for work at the Argonne National Laboratory.

Eight people have been hired to date, including 59-year-old John Crowder, who was laid off in late 2005 from his 19-year job as a maintenance mechanic at Mayfield's Continental Tire plant. The factory later closed, costing hundreds of jobs.

'A lot of companies feel older workers are through,' Crowder said. 'To get hired, I feel good.' [06/14/09]

Foster's Daily Democrat (New Hampshire) - Federal stimulus dollars fueling Wildcat Transit
Wildcat Transit will soon have four new buses after the University of New Hampshire received more than $1.7 million through the federal stimulus program.

The $1,776,000 grant will be used to replace four 35-foot compressed natural gas buses in the current fleet that are 'at the end of their life,' said UNH spokeswoman Director Erika Mantz.

'UNH is pleased to be the recipient of this stimulus money that Rep. (Carol) Shea-Porter has brought into the state of New Hampshire,' she said. 'It will allow us to replace again buses and save money in the long-term.'

'This grant is great news for UNH students,' Shea-Porter said. 'UNH students use the campus shuttle every day, and it is important that it runs smoothly.' [06/13/09]

Honolulu Advertiser - Hawaii's first stimulus-funded construction project under way
Hawaii's first construction project using federal stimulus money is now under way at Kahului Airport. The $23.8 million project to relocate security equipment started May 15 and will last until mid-2010.

While relatively small, the project provides the first indication of how the state will use an estimated $500 million to $950 million in added federal funds that will be pumped into Hawaii's flagging economy during the next several years.

Overall, the American Recovery and Reinvestment Act promises to create or save 15,000 jobs statewide over a two-year period. [6/15/09]

Richmond Times Dispatch (Virginia) - Stimulus plan means job for 600 youths
More than 600 young people in the Richmond area will go to work this summer because of a big boost in funding from the federal stimulus program.

The newly formed Capital Region Workforce Partnership is channeling about $1.1 million of stimulus money into youth summer work programs, beginning today in Hanover County.

Most of the money spent this summer will go to young people ages 14 to 24 as incentive payments for work and training at job sites in Richmond and seven regional counties.

The money is a godsend for youth programs in the Richmond area, where just $225,000 was available from the Workforce Investment Act last year for year-round initiatives in the seven counties, and about $676,000 in Richmond, where the concentration of economically disadvantaged youths is much higher. [06/15/09]

Times and Democrat (Orangeburg, South Carolina) - More fed money available for local projects
Area government and business leaders are eager to learn about a new federal bond program that promises another source of financing for capital improvements.

The U.S. Treasury Department on Friday announced the availability of more than $327 million in financing for South Carolina state and local governments... City of Orangeburg Administrator John Yow said, “This is another way to potentially secure approximately $2 million for some capital projects that are currently underfunded, like the city recreation facility. We will look at this program along with traditional funding sources later this year and determine what is best for the city.” [06/13/09]

Orlando Sentinel (Florida) - Stimulus cash could help recession-weary builders
Builders may benefit from several state and federal stimulus and relief programs, including an energy rebate that takes effect July 1.

Florida Home Builders Association Vice President David Hart outlined programs ranging from the federal government's $8,000 credit for first-time buyers to appropriations for home weatherization and a tax credit for installations of residential solar, wind and geothermal equipment. [06/15/09]

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