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Setting the Record Straight: Recovery Act Working Across the Country...and in Ohio

House Republican Leader John Boehner of Ohio and other Congressional Republicans continue to try to downplay the broad impact of the American Recovery and Reinvestment Act is having on our economy.  But the facts show the Recovery Act is working across the country-and in Ohio. 

RECOVERY ACT

ACROSS THE COUNTRY

IN OHIO

CREATING JOBS

According to a report released this week by the independent, non-partisan Congressional Budget Office (CBO), with only a quarter of it paid out, by September 30th the Recovery Act had created or saved between  600,000 and 1.6 million jobs across the country.

[With just a quarter of the Recovery Act paid out, a]n estimated 13,000 full-time jobs in Ohio have been created or saved [directly] as a result of the Recovery package according to state officials. “These numbers are preliminary and not final, but even at this early stage, they show that federal stimulus assistance has had a positive impact on Ohio's economy,” Budget Director Pari Sabety said in a release. [Business First Columbus, 10/31/09]

KEEPING UNEMPLOYMENT LOWER THAN IT WOULD HAVE BEEN & HELPING JOBLESS WORKERS

While high levels of unemployment continue to burden families across the country, the CBO concluded that the American Recovery and Reinvestment Act has lowered the unemployment rate by between 0.3 and 0.9 percentage points.

The Dayton Area Chamber of Commerce together with the Montgomery County Department of Job and Family Services recently joined Project HIRE (Hometown Investment in Regional Economies) - a statewide initiative funded by the American Recovery and Reinvestment Act to help jobless workers find employment. “The initiative will use $7 million in stimulus money to employ up to 2,000 job seekers across the state.” [Dayton Business Journal, 12/1/09]

HELPING RURAL BUSINESSES

In October, Agriculture Secretary Tom Vilsack announced $71.1 million in loan assistance for rural businesses made possible by the American Recovery and Reinvestment Act. [10/21/09]

National City Bank/PNC of Columbus received a $7,500,000 loan guarantee to assist rural businesses, and The Park National Bank, also of Columbus, received a $6,129,700 loan guarantee. Among other projects, the loan guarantees will help provide business services to more than 50,000 livestock farmers in Ohio, Kentucky, Michigan, Indiana, Illinois, and Missouri…” [11/9/09]

HELPING JOBLESS WORKERS

The Recovery Act continued through December 2009 the extended unemployment benefits program (which provides up to 33 weeks of extended benefits), that is otherwise scheduled to begin to phase out at the end of March 2009 - thereby helping an additional 3.5 million jobless workers. In November, President Obama signed into a law a further extension of these benefits for unemployed workers across the country.

Tens of thousands of Ohioans benefited from the extension of unemployment benefits included in the Recovery Act and as many as 70,000 jobless workers in Ohio who were scheduled to lose their benefits will benefit from the extension just signed in November. [Cleveland Plain Dealer, 11/5/09]

FOOD ASSISTANCE

The Recovery Act included increased funding for food assistance programs - increasing benefits for Americans by 13.6 percent.

Ohio Department of Job and Family Services Director Douglas Lumpkin: “We are happy to be able to distribute this funding to the families who so desperately need it. This money will help thousands of Ohio's families sustain themselves during this difficult time, so they can continue to provide for their children while they try to get back on their feet again.” [ODJFS, 5/4/09]  

HELPING HOME BUYERS

The American Recovery and Reinvestment Act included a $8,000 tax credit for first-time homebuyers. The National Association of Realtors has estimated that 2 million people with take advantage of the tax credit this year and that the credit has already contributed $22 billion to the general economy. In November, President Obama signed into law legislation extending and expanding the credit.

“In central Ohio, 2,021 homes changed hands, 26 percent more than last October and the highest number of sales since the tail end of the housing boom in September 2006Experts credit the big increases to a federal tax credit worth up to $8,000 for first-time homebuyers.” [Columbus Dispatch, 11/24/09]

WEATHERIZATION ASSISTANCE

The Department of Energy has been distributing roughly $5 billion in weatherization assistance funding included in the American Recovery and Reinvestment Act to help low-income homeowners reduce their energy costs and make their homes more energy efficient

Ohio's federal weatherization assistance funding has not only helped families lower their energy costs - it has been a boon to workers. “The money …has helped meet one of the chief goals of the stimulus plan: creating jobs.” [Cleveland Plain Dealer, 8/29/09]

TRANSPORTATION FUNDS

The Recovery Act included significant funding to build, modernize and repair our nation's transportation infrastructure.

As of September, the Ohio Department of Transportation has awarded more than $507.5 million in stimulus-funded contracts on 154 state and local projects. [10/22/09]