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News About the American Recovery and Reinvestment Act

Fox 41 (Kentucky) - Stimulus money goes to sidewalks, roads [MEMBER MENTIONED: John Yarmuth (KY-3)]

It's going to be easier to get around and get a job in Louisville.  Expect to see more signs along roadways as crews work to put in new sidewalks, repair damaged ones, and resurface some state and city roads.

The $8.5 million project will be paid for with money from the American Reinvestment and Recovery Act.  That stimulus money is putting hundreds of people to work.

Third District Kentucky Congressman John Yarmuth says, 'One of the only ways to put people back to work is to do these types of projects, and that's why when we created the stimulus program, we talked about projects that were shovel-ready and projects that could be completed within two years.' [8/16]

The San Diego Union-Tribune - Big jump in small-business loans [DISTRICT MENTIONED: Susan Davis (CA-53)]

Credit has been tight since the start of the recession, but more than 600 small businesses in San Diego County have obtained stimulus loans during the past 18 months to purchase buildings, hire employees or pay off high-interest debt.

Hoping to jump-start the economy and spur job creation, Congress passed the American Recovery and Reinvestment Act of 2009. It pumped billions of dollars into the Small Business Administration, the federal agency that backs most small-business loans

The Recovery Act has had a dramatic impact on our ability to lend and to help borrowers,” said Steve Doss, regional sales manager for Wells Fargo in Southern California. “It's a win-win for everyone…”

In San Diego and Imperial counties, 771 businesses have received a total of $454.3 million in loans with the stimulus benefits. [8/17]

St. Louis Public Radio - Stimulus project bridge opens in central Missouri [DISTRICT MENTIONED: R-Blaine Luetkemeyer (MO-9): Voted NO on Recovery Act]

A 970-foot bridge touted as the first project in the nation to be funded by President Obama's federal stimulus package opened today in central Missouri.

The bridge carries State Route 17 over the Osage River in Miller County, near the town of Tuscumbia. Missouri Dept. of Transportation (MoDOT) officials credit the stimulus funds for enabling them to move the $8.3 million project forward

'Our estimation of the direct and indirect jobs developed by this project is 240,' Keith said. 'This (bridge) happens to connect (the) Lake of the Ozarks, Ft. Leonard Wood, and this community, and this is a crossing of a major river, the Osage River.' [8/16]

WTAQ (Wisconsin) - Report: Recovery Act Means $132M to Brown Co. Residents [DISTRICT MENTIONED: Steve Kagen (WI-8)]

Brown County residents saw $132 million directly from the American Recovery and Reinvestment Act.  That's according to a study by the Wisconsin Budget Project.

Of that money between February 2009 and May 2010, $70.6 million came in the form of the Making Work Pay tax credit and $42.8 million went for extended or increased jobless insurance benefits.

'The direct benefits that are aimed at the people who are struggling the most, benefit us all in that it helps support the economy as the money gets spent,' [Research Analyst Tamarine] Cornelius says.

Other parts of the money include $9.8 million from the Economic Recovery Payments, $6.2 million from increased Food Share benefits and $2.3 million from COBRA premium assistance. [8/16]

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