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Banking & Finance

What the Average Joe needs to know about the stimulus package

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 and local governments through these ...

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Infrastructure improvements

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. economy in the wake of ...

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Qualified school construction bonds building Mississippi schools

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 would normally pay on the ...

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How stimulus funds can foster economic development

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 positive opportunities for Mississippi companies. ...

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Block Grant Program aimed at conservation

Mississippi is receiving $9.6 million for energy efficiency Mississippi is receiving $9.6 million in funds designated to make state, county and city governments more energy efficient by reducing total energy use and fossil fuel emissions. The federal stimulus bill, the American Recovery and Reinvestment Act (ARRA), has allocated the money to the Community Development Block Grant Program (CDBG) that will be ...

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Energy plan a win-win for everyone

Mississippi’s plan will help public and private sectors save energy dollars Some economists are predicting the end of the recession late this year or early next year. But, it is hoped that the benefits of Mississippi’s State Energy Plan (SEP) will continue to pay dividends in the form of lower energy bills for many years to come. The U.S. Department ...

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What the ARRA can do for your small business

On Feb. 17, 2009, President Obama signed into law a substantial piece of legislation. The new legislation known as the ARRA contains over 300 changes to the Internal Revenue Code.  The tax benefits for businesses will exceed $75 billion for 2009 and 2010 by offering numerous incentives.  Following are only a few of the highlights:   Changes to Depreciation The ...

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STAYING AT HOME

  Housing Relocation and Stabilization Program to help prevent homelessness   In the past, homelessness has been mostly a problem in big cities, and has often been more common with single people than families. But with the current recession, high unemployment rates and record high levels of foreclosures in the first six months of 2009, there has been an increase in ...

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Incentives for adoption of electronic health records under ARRA

The U.S. Department of Health and Human Services (“HHS”) announced on June 16, 2009, that it has begun the process to define “meaningful use” of electronic health records (“EHR”) under the American Recovery and Reinvestment Act of 2009.  President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA or “Act”) on Feb. 17, 2009, to not only help ...

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Clearly defined roles are key to green success

Green, not the color, but an increased environmental sensitivity, conservation and energy efficiency, is sweeping the nation. Green building development is proving to be one of the hottest trends in commercial real estate development. The federal government has also made green building development a priority. Even without incentives or directives from the federal government, green building development has found its ...

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