Posts Tagged ‘stimulus’

Panel: Billions in TARP money went overseas

by Published: August 12,2010

Tags: bailout, banking and finance, economy, recession, stimulus

WASHINGTON — The $700-billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries’ financial rescue plans did on the U.S., according to a new report from a congressional watchdog. Billions of dollars in U.S. rescue funds wound up in big banks in France, Germany […] [...]

USDA awards stimulus-backed loan guarantees

by Published: August 9,2010

Tags: economy, jobs, loans, stimulus

AROUND MISSISSIPPI — Agriculture Secretary Tom Vilsack announced that the U.S. Department of Agriculture (USDA) is providing loan guarantees to 128 businesses in 35 states, the territory of American Samoa, and the Commonwealth of Puerto Rico to provide economic opportunities and create jobs. The funding is made available through the American Recovery and Reinvestment Act […] [...]

MDA awards stimulus-funded energy grants

ACROSS MISSISSIPPI — The Mississippi Development Authority (MDA) has awarded 90 grants to public entities under the Energy Efficiency and Conservation Block Grant (EECBG) program. Funded by the American Recovery and Reinvestment Act of 2009 (ARRA), the EECBG program funds energy efficiency improvements to smaller cities and counties that did not receive direct allocations from […] [...]

Telecoms awarded stimulus funding for broadband projects

by Published: August 5,2010

Tags: braodband, economy, grants, jobs, stimulus, telecommunications

ACROSS MISSISSIPPI — Agriculture Secretary Tom Vilsack announced the funding of 126 new Recovery Act broadband infrastructure projects aimed at creating jobs and providing rural residents in 38 states and Native American tribal areas access to improved service. This announcement is part of the second round of USDA broadband funding through the Recovery Act. In […] [...]

Co-Lin asks county for more money

by Published: July 21,2010

Tags: education, higher education, state budget, stimulus

ADAMS COUNTY — Copiah-Lincoln Community College has asked Adams County for more money. Co-Lin received $79,395 in 2009-1010 from Adams County. The Natchez Democrat reports that Co-Lin president Ronald Nettles asked supervisors for an $8,000 increase. Nettles says the increase is needed because federal stimulus funds will not make up for reduction in state support […] [...]

White House: Stimulus more effective than advertised

by Published: July 15,2010

Tags: ARRA, job creation, jobs, recession, stimulus

WASHINGTON — The White House asserted yesterday that the $862-billion stimulus law has been even better for the economically-struggling United States than previously advertised. Updating its estimate of the impact the controversial new law has had, the White House now projects that the vast spending act has created or saved between 2.5 million and 3.6 […] [...]

Stimulus spending for highways has kept 15,000 employed

In the past year, Mississippi has seen an injection of about $300 million in federal stimulus spending from the American Recovery and Reinvestment Act, which nearly doubled the amount the state normally receives for highway repairs and construction through the U.S. Department of Transportation. “When our usual federal funds are $400 million a year, you […] [...]

MDES gets more stimulus-supported funding

JACKSON — The Mississippi Department of Employment Security (MDES) has received an additional $1.6-million grant from the U.S. Department of Labor. This National Emergency Grant will support an on-the-job training program that assists Mississippi employers and workers. The grant will also provide job counseling and other services to the unemployed. The funds will provide an […] [...]

MDOT lets stimulus-funded road project

HATTIESBURG — The Mississippi Department of Transportation (MDOT) authorized the expenditure of federal stimulus dollars to fund widening roads, repairs and overlaying in the City of Hattiesburg. The Mississippi Transportation Commission approved the low bid of $503,493 submitted by Dunn Roadbuilders, LLC, to mill, widen, and overlay West Pine Street from Broadway Drive to U.S. […] [...]

Education Department pursuing stimulus funding

by Published: June 3,2010

Tags: ARRA, education, recession, stimulus

JACKSON — As a part of the American Recovery and Reinvestment Act of 2009 (ARRA), the federal government has created Race To The Top (RTTT), a program that will allow eligible states to compete for $4.35 billion in competitive grants to help lead education reform and innovation in classrooms. The Mississippi Department of Education (MDE) […] [...]

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