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News About the American Recovery and Reinvestment Act

The Philadelphia Inquirer (Pennsylvania) - Stimulus money helped SEPTA move projects along

The federal stimulus program may have been a political flop, but for SEPTA [Southeastern Pennsylvania Transportation Authority], the money brought a much-needed spate of repairs, upgrades, and new equipment.

So far, SEPTA has spent $130 million of the $191 million it received in American Recovery and Reinvestment Act funds, putting 2,045 people to work on 32 projects, according to SEPTA data.

And SEPTA riders can see the results in new buses, rebuilt trolley lines, refurbished subway and rail stations, more parking, and faster train trips.

Behind the scenes, SEPTA also spent stimulus money to rebuild rail yards, power substations, signals, and bridges.

To spread the benefits of the federal investment as widely as possible, and to minimize the construction impacts on any single part of its system, SEPTA scattered the projects across its five-county network of bus, rail, subway, and trolley routes. [11/8/10]

Lexington Minuteman (Massachusetts) - Markey: State weatherizes nearly 7,000 homes through Recovery Act

[MEMBER MENTIONED: Edward Markey (MA-7)]

The Department of Energy announced this week that as of Sept. 30, Massachusetts has weatherized more than 6,900 homes with funding from the American Recovery and Reinvestment Act Recovery Act, plus more than 2,800 additional homes with annual funding for the weatherization program. In total, the state has already weatherized more than 9,700 homes since the Recovery Act began. As a result of this progress, the state will now have access to an additional $61 million in Recovery Act weatherization funding to continue providing energy efficiency services to Massachusetts' low-income families.

“There is no better way to weather a cold winter season than in a home that is weatherized to use less energy and save families money,” said Congressman Ed Markey (MA-07). “The positive impacts of the Recovery Act and Weatherization Assistance Program cannot be understated - heating up our Massachusetts economy while cooling down electricity bills.”

The Recovery Act funding for the Weatherization Assistance Program is also creating thousands of jobs locally - putting carpenters, electricians, and factory workers back to work installing insulation, upgrading appliances, and improving heating and cooling systems. According to state reports, the weatherization program supported more than 14,000 jobs in the third quarter of 2010, including more than 300 jobs in Massachusetts. [11/6/10]

The Turlock Journal (California) - New medical center to serve Merced area seniors

[MEMBER MENTIONED: Dennis Cardoza (CA-18)]

Thanks to a $9.5 million grant from the federal government Golden Valley Health Centers is breaking ground for a new, state of the art, comprehensive medical facility to serve the health and wellness needs of Merced area seniors.

Funding for the new facility was made available through the American Recovery and Reinvestment Act and will allow Golden Valley to provide health care services for an estimated additional 4,500 patients annually.  To serve those new patients Golden Valley will hire approximately 30 new permanent staff.  The project will also create over 200 construction jobs.

“We are grateful for the stimulus funding which will allow us to expand comprehensive health and wellness services to our seniors while creating hundreds of jobs that are so desperately needed here in the Valley,” said Golden Valley CEO Michael Sullivan.  “I am particularly grateful to the critical role that Congressman Dennis Cardoza played in securing this funding.” [11/6/10]

United Press International - Build America bonds surpass $150B

The U.S. Treasury Department said its 'Build America' bonds had surpassed the $150 billion mark by the end of October.

The bond program was launched April 3, 2009. Since then, there have been 1,912 separate issues of Build America bonds by local or state governments, Treasury said.

The program created by the American Recovery and Reinvestment Act provides for the Treasury to state or local governments directly 35 percent of the interest payment on the bonds sold.

“…Build America Bonds have become an important source of financing to help state and local governments undertake much-needed infrastructure projects,” [Alan Krueger, assistant secretary for economic policy and Treasury Department chief economist]. [11/5/10]

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