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Tag Archives: ARRA

Accounting for stimulus funding

For the construction industry, funding from the American Recovery and Reinvestment Act (ARRA) has been a much-needed boost to their bottom line. Mississippi roadbuilders alone have been granted approximately $248 million, roughly equal to a year’s worth of state appropriations for road work. However, in order to take advantage of ARRA funding, contractors must meet compliance issues such as internal ...

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State buildings to be retrofitted with “smart” electric meters

More than 1,000 state-owned buildings in Mississippi, including those on the campuses of community colleges and state universities, are being retrofitted with “smart” electric meters as part of a $3.75-million grant through the American Recovery and Reinvestment Act (ARRA) of 2009. The Mississippi Development Authority (MDA) allocated $3.75 million in stimulus energy funds to the Mississippi Department of Finance and ...

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Q&A: Mike Pepper, Executive Director, Mississippi Road Builders Association

Mike Pepper has an extensive background in governmental affairs and association leadership, and that is exactly what Mississippi’s road builders need as they deal with an ailing economy that has challenged the entire construction industry. The MBJ recently caught up with Pepper and asked him just how “stimulated” his members have been by the ARRA, why crumbling infrastructure seems to ...

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Stimulus funds help fill funding shortfalls

One-time influx helps keep schools afloat With state revenues in decline because of lower tax collections linked to the ailing economy, the hundreds of millions in federal stimulus funding for education have been very welcome. The American Recovery and Reinvestment Act (ARRA) provided one-time funding through three main education streams: the State Fiscal Stabilization Fund (SFSF), Title I Programs and ...

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USDA awards stimulus-backed loan guarantees

NOXUBEE COUNTY — Agriculture Secretary Tom Vilsack announced Recovery Act investments for 11 businesses in nine states to strengthen rural economies by supporting local and regional food systems. The loan guarantees are from USDA Rural Development’s Business and Industry (B&I) Guaranteed Loan Program, which received $1.57 billion in American Recovery and Reinvestment Act funding to help rural businesses stimulate their ...

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White House: Stimulus more effective than advertised

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 million jobs. That’s up from ...

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Small businesses can benefit from stimulus plan

What does the American Recovery and Reinvestment Act (ARRA), better known as the stimulus plan, mean for small businesses in Mississippi?  Among the plan’s provisions available to aid small businesses are an increase from 80 to 90 percent in loan guarantees, funding for increased access to broadband, computerized healthcare records and construction projects, investments in public, maritime and air transportation ...

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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 additional 300 job-training opportunities under ...

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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. 49 South. The contractor was ...

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Education Department pursuing stimulus funding

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) has officially submitted its RTTT ...

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