WASHINGTON — Now that the U.S. economy is on the mend, the Federal Reserve this year can focus on how and when to pull back the stimulus money pumped out to fight the financial crisis. With his prospects for another term brightening, Fed chief Ben Bernanke will lead that effort. At their first meeting of [...] [...]
WASHINGTON (AP) — Ten months into President Barack Obama’s first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found. Spend a lot or spend nothing at all, it didn’t matter, the AP [...] [...]
Vice President Biden yesterday kicked off $7.2 billion in American Recovery and Reinvestment Act broadband grant and loan programs, of which $2 billion will be made available on a rolling basis over the next 75 days to bring high-speed Internet to communities that currently have little or no access to the technology. At an event [...] [...]
ACROSS MISSISSIPPI — The Mississippi Development Authority (MDA) has awarded 25 grants in the first round of the Mississippi Job Protection through Energy Economic Development Program. A part of the State Energy Program (SEP) funded by the American Recovery and Reinvestment Act of 2009 (ARRA), the Job Protection Program allocated $5.2 million to eligible companies [...] [...]
JACKSON — The Mississippi Public Service Commission (PSC) will receive $824,901 in American Recovery and Reinvestment Act (ARRA) funds, according to Congressman Travis Childers (D-Miss.). This funding is part of the ARRA’s investment in state PSCs to help create jobs, improve training and increase energy efficiency. With this ARRA funding, the PSC will create and [...] [...]
Washington – As part of an effort to highlight the success of the American Recovery and Reinvestment Act (Recovery Act) in revitalizing communities across the country, the U.S. Department of the Treasury has released a report providing data on Treasury program funding. The report, issued around the 200-day anniversary of the Recovery Act, details funds [...] [...]
Washington – U.S. Transportation Secretary Ray LaHood announced that the Federal Transit Administration (FTA) has achieved a crucial milestone. It beat the Sept. 1 deadline to provide all states and local communities 50 percent of their American Recovery and Reinvestment Act (ARRA) transit formula dollars. In fact, FTA provided nearly 90 percent of its $7.5-billion [...] [...]
BILOXI — During a recent news conference, leaders of the Southeastern Association of State Highway and Transportation Officials (SASHTO) showcased the progress being made to create and preserve jobs through the American Recovery and Reinvestment Act (ARRA) funds. Larry L. “Butch” Brown, executive director of the Mississippi Department of Transportation (MDOT) and SASHTO president said, [...] [...]
CHOCTAW — Agriculture Secretary Tom Vilsack announced that Indian tribal organizations and states operating the Food Distribution Program on Indian Reservations (FDPIR) will receive approximately $1 million from the American Recovery and Reinvestment Act to purchase equipment and improve facilities needed to provide food assistance. The Mississippi Band of Choctaw Indians is included in the [...] [...]
SmartSynch has been awarded a $3.75-million grant to help manage energy consumption and cost at public facilities around the state, Gov. Haley Barbour announced. The State Energy Program (SEP) funding comes through the American Recovery and Reinvestment Act (ARRA). “The project marks the first time Mississippi has launched a coordinated effort to reduce energy consumption [...] [...]
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