by For the MBJ Published: August 31,2009
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On Feb. 17, 2009, the American Recovery and Reinvestment Act of 2009 (“ARRA”) was signed into law, greatly expanding the existing federal regulations on health information technology. Title XIII of the ARRA includes the Health Information Technology for Economic and Clinical Health Act, also known as the HITECH Act. The HITECH Act increases the enforcement [...] [...]
by Lynn Lofton Published: August 31,2009
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Good things are set to happen all over the state with additional Community Development Block Grant (CDBG) funds received through the federal Recovery Act. The state’s funds of $8,071,701 are being administered through the Mississippi Development Authority’s Community Services Division. Division director Steve Hardin stresses that Mississippi’s plan for spending these CDBG funds has been [...] [...]
by For the MBJ Published: August 31,2009
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As a result of President Barack Obama’s American Recovery and Reinvestment Act pouring an unprecedented $787 billion into the United States economy, an estimated $2.8 billion of those stimulus funds is projected for the State of Mississippi for a variety of needs, including healthcare, transportation and public education. Several areas in the state expected to [...] [...]
by For the MBJ Published: August 31,2009
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The Obama Administration and SBA are determined to employ the American Recovery and Reinvestment Act (Recovery Act) in an effort to make a big dent in the small business credit crunch and jump-starting job creation, re-starting lending and promoting investment in small businesses. The impact from some of these programs is already being realized. The [...] [...]
by For the MBJ Published: August 31,2009
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According to the most recent data from the National Assessment for Educational Progress, or NAEP, Mississippi’s students lagged sorely behind the national averages. Furthermore, Mississippi is repeatedly criticized for having lower statewide expectations compared to national standards. As an example, while Mississippi’s fourth-grade reading scores in 2007 indicated that 90 percent of students were performing [...] [...]
by For the MBJ Published: August 31,2009
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The current level of interest in federal grants is unprecedented. With the nationwide recovery program promising to distribute billions in every sector of the economy from healthcare, to education, energy, infrastructure and beyond, the possibilities are many, and the competition is steep. The first key toward successful funding under the American Recovery and Reinvestment Act [...] [...]
by For the MBJ Published: August 31,2009
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Back on Feb. 17, 2009, President Obama signed into law the American Reinvestment and Recovery Act of 2009 (ARRA), widely known as the “stimulus package.” This name represents the stated intent of the legislation — to stimulate a sluggish U.S. economy by fighting unemployment, putting more money in the hands of consumers and assisting state [...] [...]
MDOT has stimulus projects scattered all across Mississippi The American Recovery and Reinvestment Act of 2009, also known as “the stimulus package,” is an economic stimulus package enacted by Congress and signed into law by President Barack Obama in February 2009. The Act of Congress is intended to provide a stimulus to the U.S. [...] [...]
by For the MBJ Published: August 31,2009
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The American Recovery and Reinvestment Act (ARRA) of 2009 created a new financing opportunity for school districts called Qualified School Construction Bonds (QSCBs). QSCBs are tax credit bonds. Rather than receiving interest payments, bond holders receive tax credits from the federal government. These tax credits are intended to equal the interest that the school district [...] [...]
by For the MBJ Published: August 31,2009
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The American Recovery and Reinvestment Act of 2009 (ARRA) is filled with potential economic development opportunities for you and your industry. However, due to the length and complexity of ARRA, it can be difficult to pinpoint incentives that will most benefit your business. We hope our analysis of the provisions of ARRA will help maximize [...] [...]
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