|
Facts About The Recovery Act |
|
Total Cost |
$787 billion over 10 years. The Act provides $311 million in spending appropriation and $476 million in tax provisions. |
| Modernizing Infrastructure |
Infrastructure investment was a key focus of the recovery package, receiving
approximately $114 billion |
| Clean, Efficient Energy |
Energy was another big winner in the stimulus package, especially renewable energy and energy efficiency. The Department of Energy received over $30 billion |
| Science and Technology |
In terms of maintaining the long-term competitiveness of the U.S. economy, the recovery package allocated approximately $6 billion to research and science |
| Helping Americans Hurt by the Economy |
The Make Work Pay tax credit provides a $400 refundable tax credit for individuals
earning under $75,000, and an $800 refundable tax credit for joint filers earning under |
| Economic Development |
the package included $150 million for the Economic Development Administration, $1 billion for the Community Development Block Grant Program, $636 million for SBA loans, $150 million for the Rural Business Cooperative Services, $5 billion for the New Market Tax Credits in both 2008 and 2009, and $100 million for EPA’s Brownfields Program. |
| Total Agencies Involved |
29 Federal Agencies |
| Housing Loan Programs |
18 |
| Veteran Home Loans |
8 |
| Education Loan Programs |
16 |
| Disaster Loan Programs |
5 |
| Business Loan Programs |
9 |
| Agriculture Loans |
7 |
| State Grant Programs |
611 |
| Federal Grant Programs |
411 |
| Independent Grants |
812 |
| Federal Web Pages |
Over 30 Million Web Pages
|
 As you can see, this can be a very difficult and frustrating task find the right loan, grant or subsidy and then locating the proper agency. The secret to getting the financing you need requires a good understanding or how the system works. That's why very few people even attempt to get these funds and why so many of these programs are rarely used. In fact, navigating the maze of governmental programs is an art! |
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