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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 -- doing the bidding of the special interests: Wall Street banks, credit card companies, Big Oil, and insurance companies - and getting rewarded by their corporate friends.
  • These extreme Republican economic and fiscal policies created the Bush Recession -- 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 address the major issues confronting our nation and take America in a New Direction - creating good American jobs, the lowest taxes in 60 years for the middle class and small businesses, closing tax loopholes that send jobs overseas, and building a strong new foundation for the American economy.

Yesterday, the U.S. Department of Transportation announced that nearly $80 million in Recovery Act grants have been delivered to states as part of President Obama's historic high-speed and intercity passenger rail program.  The grants will go toward the development of a high-speed rail system in Florida as well as critical upgrades to existing passenger rail service throughout the country.

Delivering these funds is an important step forward in our efforts to upgrade and transform America's transportation system, while spurring economic activity and creating jobs here at home,” said Vice President Joe Biden. “Our unprecedented investment in high-speed and intercity passenger rail is not only going to provide real environmental benefits and greater convenience for travelers, but also long-term economic development for communities across the country.” [5/27/10]

Phoenix Business Journal (Arizona) - Recovery report: Stimulus helps solar industry add 17,000 jobs

Despite a weak economy, U.S. solar power companies increased their revenue by 36 percent and added 17,000 jobs last year.

A major reason for these gains was the grants and tax breaks included in the economic stimulus bill, according to the Solar Energy Industries Association.

As of February, 182 solar projects had received Treasury grants totaling $81 million.

The stimulus bill also created an investment tax credit for manufacturers of equipment that make renewable energy components. In January, the U.S. Department of Energy awarded $2.3 billion of these tax credits to 183 projects, 60 of which were factories that supply the solar industry. [5/28/10]

WSLS NBC-10 (Virginia) - Future job training institute in Altavista receives economic stimulus money [MEMBER MENTIONED: Tom Perriello (VA-5)]

An institute that will open this coming Fall to train people for skilled jobs receives a boost from the economic stimulus act.

5th District Congressman Tom Perriello (D) says the Virginia Technical Institute in Altavista will receive a $200,000 grant through the U.S. Department of Agriculture's Community Facilities program.  Rep. Perriello says the money will be used to purchase lab equipment and classroom furniture for the trade school.

“This grant is great news for VTI and a huge win for workers in Central and Southern Virginia. Vocational and skills training is one of the most important investments we can make in our region's competitive advantage,“ said Rep. Perriello in a news release. [5/27/10]

The Salinas Californian - Elkhorn Slough receives half a million dollars in federal stimulus funds [MEMBER MENTIONED: Sam Farr (CA-17)]

The Elkhorn Slough Foundation this week was awarded a grant for $562,880 by the National Oceanic and Atmospheric Administration.

This is a supplemental grant under the American Recovery and Reinvestment Act, in addition to $3.9 million received last July under ARRA. The additional funds will be used to complete the Elkhorn Slough Estuary restoration project.

The economic stimulus bill continues to fund projects and create jobs on the Central Coast and across the country,” said U.S. Rep. Sam Farr, D-Carmel. “Just this week, the Congressional Budget Office reported that the stimulus resulted in the employment of as many as 2.8 million Americans.”

The project will provide long-term protection and erosion control for seven acres of tidal wetlands and protect critical coastal infrastructure. [5/27/10]

Brainerd Dispatch (Minnesota) - Rural Minnesota CEP has funds for on-the-job training

Rural Minnesota CEP Inc. has funding from the American Reinvestment and Recovery Act to provide on-the-job training in counties with high unemployment. This money is designed to give residents of these counties the opportunity to learn new skills and to improve the economic conditions in these counties and local communities by assisting local employers hire and train new employees during these difficult economic times. [5/28/10]

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