The American Recovery and Reinvestment Act of 2009 was signed into law by President Obama on February 17, 2009. It was an unprecedented effort to jump start the economy, create millions of jobs and address long-neglected challenges so our country can thrive in the 21st century.
The Recovery Act is an extraordinary response to a crisis that we haven’t seen since the Great Depression. The Recovery Act addresses our nation’s infrastructure, enhances energy independence and other measures.
Here is a small breakdown of the funds:
- Energy Efficiency & Renewable Energy………$16.8 Billion
- Weatherization………………………………………$5 Billion
- Smart Grid…………………………………………….$4.5 Billion
- Fossil Energy…………………………………………$3.4 Billion
- Innovative Technologies Loan Guarantee…..$6 Billion
Back to the original question.. show me the money!
The Department of Energy has been given new resources and responsibilities to oversee and distribute the funds through grants and loans. You can check on the progress often by going to http://www.recovery.gov. You can monitor the efforts of other federal agencies also. The Department of Energy states “they will carry out their duties with the highest level of speed, transparency and accountability.”
At Herricks Mechanical, we are part of the local Weatherization programs and in talking to these agencies, they have been given the grant and loan amounts they will receive from the 2009 Recovery Act. Typically they are looking at over a 100% increase in funding. The funds are available locally as of July 1, 2009. You still have time to get involved. It’s not too late!
President Obama has set clear goals for this bill, creating or protecting jobs over the next 2 years, and reducing our dependence on oil. The hope is that the jobs created can’t be outsourced. It will take a collaboration of scientists, governments, architects, engineers, contractors and many others. We will succeed, and we are looking to become part of your team.
Together, we can build, clean, secure, energy efficient buildings and have a prosperous healthy future in construction here in New York.
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