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News About the American Recovery and Reinvestment Act

Associated Press - Obama says Indiana 'factories coming back to life'
Trumpeting a 'made in America' message, President Barack Obama on Wednesday unveiled a national investment in electric cars as the latest effort to rebuild an economy…

'I'm committed to a strategy that ensures that America leads,' said Obama, promoting a $2.4 billion program of grants to build up electric-car manufacturing, from batteries to motors.

... The money is part of a $787 billion stimulus program approved by Congress at Obama's urging…

'Our whole goal is to first of all rescue the economy from the brink,' he told MSNBC. 'But the most important thing we're going to have to do is help Elkhart reinvent itself.'

The grants Obama announced Wednesday will be split among nearly 50 projects in 25 states, with the biggest shares going to Indiana and Michigan to create job opportunities in the automotive industry. [Read More]

Associated Press - Biden says economic stimulus meeting its goals

Biden told reporters Tuesday that spending by state and local governments increased in the last quarter, as did household incomes, while investments by businesses had contracted less than expected…

Biden credited the stimulus program for the positive numbers, and said he can say 'without reservation' that it is working... [Read More]

Bozeman Daily Chronicle (Montana) - Stimulus creates jobs for teens
The 17-year-old Belgrade girl is one of about 700 teens across Montana who have jobs this summer, thanks to more than $2 million in federal economic stimulus money.

It has been eight years since Bozeman's nonprofit Human Resource Development Council had money for a summer teen jobs program, said Stephanie Gray, HRDC youth development director.

HRDC n which runs the Gallatin Valley Food Bank, Head Start, Galavan and Streamline buses -- received $180,000 in stimulus money, enough to hire about 50 young people in Gallatin, Park and Meagher counties for about 10 weeks. [Read More]

The Memphis Daily News (Tennessee) - Stimulus Money To Return Foreclosures To Marketplace
This week at the Frayser Community Development Corp., office, home and mortgage lenders as well as leaders of the various CDCs across the county gathered to mark the awarding of almost $27 million in federal funding.

It's targeted at foreclosed homes and the impact they've had on neighborhoods across the city.

The monthly average of foreclosed homes in Shelby County has dropped, based on yearly totals…

Some of that drop may be because it's more difficult to get a mortgage. U.S. Steve Cohen, D-Memphis, said the federal money is also having an impact.

“The actions of your federal government are working,” said Cohen, who then put in a plug for health care reform efforts being pushed by the Obama White House and congressional Democrats at the August congressional recess. “If we can't get a grip on health care in this country … it will be the next great economic crisis.” [Read More]

Arizona Daily Star - Giffords announces stimulus funds for Oro Valley
Oro Valley is getting $164,200 in federal stimulus money for energy-efficient projects.

Bullhead City is receiving $167,100 under the same program, the office of U.S. Rep. Gabrielle Giffords announced today.

“As someone who has been talking a lot about the need to do more for energy efficiency over the past two-and-a-half years, she is very pleased that these federal stimulus dollars are being put to this purpose,” [Giffords' spokesman, C.J. Karamargin] said. [Read More]

The Daily Herald (Illinois) - Fermilab getting $60 million more in stimulus funds
If they could, Fermilab officials would send out a big thank-you note.

'We are extremely grateful to the taxpayers of our country for this opportunity,' said Judy Jackson, Fermilab communications director, after the Batavia physics laboratory received word Tuesday that it will be getting an additional $60.2 million as a result of the American Recovery and Reinvestment Act.

Construction of the superconducting radio frequency collider is expected to start this fall, and should employ about 125 people in full-time on-site construction jobs, Jackson said. Concrete and steel for the projects will be made in the United States, she said.

'These are projects we would not have been able to do without Recovery Act funding,' Jackson said.

Congressman Bill Foster, a Batavia Democrat, will discuss the funding with laboratory director Pier Oddone at a news conference at noon Wednesday at the lab… [Read More]

San Francisco Business Times (California) - Stimulus funding creates/saves 34 jobs at Stanford School of Medicine
The Stanford University School of Medicine is using $18 million of federal stimulus funding to create or retain “at least” 34 new or threatened research jobs, school officials said Tuesday.

In addition, the medical school has created 22 summer positions for high school and college students using $200,000 in American Recovery and Reinvestment Act funds. [Read More]

Herald Times Reporter (Wisconsin) - Two Rivers receives grant for water treatment
A $2.8 million clean water grant announced Monday will allow Two Rivers to update its water treatment system.

Two Rivers will construct four retention ponds to reduce polluted water runoff from being released into the West Twin River.

The project is expected to create about 30 jobs and construction could begin as early as this fall. [Read More]

Fort-Worth Star-Telegram (Texas) - Tarrant getting millions to weatherize low-, moderate-income housing
Hundreds of eligible families in Fort Worth and Arlington are expected to gain from an estimated $7 million in home improvement projects, including weatherstripping, caulking, duct work, patch-up repairs, floor insulation, and even the replacement of substandard heating and cooling systems.

The state typically weatherizes about 3,700 homes a year, with funding of about $13 million. The American Recovery and Reinvestment Act provided Texas with about $314 million more. An estimated 40,000 Texans will benefit; eligibility requirements, such as income restrictions, have been broadened to include more homes, Anderson said. [Read More]

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