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News About the American Recovery and Reinvestment Act

Congressional Republicans threaten to take us back to the failed policies that created the economic crisis -- siding with the special interests:  Wall Street banks, credit card companies, Big Oil, and insurance companies. These Bush economic and fiscal policies created the worst financial crisis since the Great Depression -- with job losses of nearly 800,000 a month -- and nearly doubled our national debt. 

Democrats in Congress will continue to take America in a New Direction, working to create American jobs and a strong new foundation for our economy, protecting Main Street and the middle class. 

Triangle Business Journal (North Carolina) - Feds grant Progress Energy $200M for smart grid [DISTRICT MENTIONED: Bob Etheridge (NC-2)]

Progress Energy has received a $200 million, three-year grant from the U.S. Department of Energy to install smart-grid technology, the Raleigh-based company said Wednesday.

The grant, part of the federal American Recovery and Reinvestment Act of 2009 is being matched by a $300 million investment by Progress (NYSE: PGN). The funding should create about 500 jobs.

Such smart-grid systems could cut electric use by more than 4 percent nationwide by 2030, saving more than $20 billion, estimates the Electric Power Research Institute. [4/28/10]

Reno Gazette Journal (Nevada) - Reno, Washoe stimulus projects could create nearly 2,600 jobs [DISTRICT MENTIONED: R-Dean Heller (NV-2): Voted NO on Recovery Act]

Reno and Washoe County officials have chosen seven projects as candidates for $125 million in low-cost financing that could generate about 2,600 jobs to help get the economy rolling.

…officials said the projects could produce at least 1,599 temporary construction jobs and up to 996.5 permanent jobs.

Developers of the projects approved this week by the Reno City Council and Washoe County commissioners can apply for money from economic recovery zone bonds, part of the federal economic stimulus package approved last year. [4/29/10]

The Daily Aztec (California) - Recovery looks good for SDSU [DISTRICT MENTIONED: R-Duncan Hunter (CA-52): Voted NO on Recovery Act]

San Diego State has received the most American Recovery and Reinvestment Act grants and contracts out of all 23 CSU campuses. A report released earlier this month by the Division of Academic Affairs showed that as of February, SDSU has secured nearly $13 million. The SDSU Research Foundation reports that the university has received more than $18 million in ARRA grants as of March 17. [4/28/10]

The Grant Island Independent (Nebraska) - USDA, stimulus funds help Genoa company create jobs [DISTRICT MENTIONED: R-Adrian Smith (NE-3): Voted NO on Recovery Act]

Federal stimulus dollars have not only helped a Genoa area business preserve the jobs of the company's 50 employees but also will pave the way for Preferred Sands of Genoa to create an additional 50 jobs in the next two years.

According to Maxine Moul, Nebraska director for USDA Rural Development, the guaranteed loan to Preferred Sands was made possible through recent funding the Business and Industry Loan program received from the American Recovery and Reinvestment Act.

'In the last 10 days we have made more Business and Industry guarantee loans in the state of Nebraska than we did in one year on a normal business because of the extra funding,' she said. 'We are finding some very good projects across the state, which are saving jobs and creating new jobs.'[4/28/10]

The Columbus Dispatch (Ohio) - Stimulus roadwork jobs doubled in March

Highway construction paid for with federal stimulus money blossomed in March, and contractors expect the number of jobs to continue to grow through the summer.

The stimulus paid nearly $2.4 million in wages for the equivalent of 418 full-time highway-construction jobs in Ohio in March, according to statistics the Ohio Department of Transportation released this week. That's up from 180 jobs and $991,500 in payroll in February.

Work has continued to pick up in April, said Lee Guzzo, chairman of Complete General Contractors in Columbus.

'It's awfully hard in our type of work to say whether you're creating new jobs,' he said of the stimulus act. 'Without it, we'd be in pretty bad shape.' [4/29/10]

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