The American Recovery and Reinvestment Plan
Earlier this month, Congress convened for its 111th session and President Obama and his transition team arrived in Washington DC. Every day more details are being discussed about the newly named American Recovery & Reinvestment Plan. Congressional leaders and the incoming administration are negotiating the components of the plan, and on January 15th the House Appropriations Committee revealed the $825B American Recovery and Reinvestment Plan.
The Senate is expected to release their version of an economic recovery bill by the end of this week. The Senate’s proposed bill may have a greater focus on infrastructure spending and less on tax breaks. While the Congress had hoped to have a final bill on the President’s desk by inauguration day, that date has slipped into February. Congress and the Obama Administration will continue to negotiate the contents of the economic recovery bill, and all of the interested parties, states, cities, and industry groups, continue to present their wish list to anyone connected with the bill.
Economic Recovery Before the House
Here is some of what is in the current proposed American Recovery and Reinvestment Plan bill:
- $90B Modernizing Roads, Bridges, Transit and Waterways
- $36B Transforming our Economy with Science and Technology
- $140B Education for the 21st Century
- $54B Clean, Efficient, American Energy
Before it is all said and done, it wouldn’t surprise me if the total value of the American Recovery and Reinvestment bill exceeded $900B, with less than $250B coming from tax savings. That represents an increase of over $100B in infrastructure spending from the House economic recovery bill.
I believe that those who are prepared can increase their chances of winning these projects when they are funded. We have published a set of state-by-state project watch lists of over 16,000 shovel-ready projects that you can use now to prepare your approach strategy. Go to our Economic Stimulus Toolkit page to learn more about what is included.
As I have said before, the competition for the upcoming projects will be tough. Many companies are gathering the information they need to prepare now. Last week, we had over 1600 attendees at our webcasts on the economic recovery package with industry guests Jim Dillon, former CIO for the state of NY, and former Utah DOT Executive Director Tom Warne. If you did not get a chance to attend, you can view the recorded presentation at www.onvia.com/stimuluswebcast.
We are a month or so from the next milestone, the signing of the American Recovery and Reinvestment bill. I will continue to keep you informed about new developments and bring you first hand insight into the economic recovery initiative.
editor said,
February 23, 2009 @ 3:05 pmHi Mary Jo,
It’s great to see the American innovative spirit alive and well. It sounds like you’ve got a lot of great ideas to make your home more sustainable. Best of luck with your green building endeavors!
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Mary Jo Coleman said,
February 18, 2009 @ 2:07 pmHello - I was excited to learn about the recovery.com website from President Obama when he announced it during the signing of this most important bill. My family and I are interested in helping to bring alternative energy and alternative building methods to Missouri. If I could find a grant, (win the lotto or replace my lost job) we would build a strawbale contructed home on our property that could possibly be powered by a grid-compatiable wind turbine. Every construction business for miles and miles around would be welcome to come and tour and bring their prospective clients to view it’s beauty, function and wonderful energy efficiency. This has been a dream of ours for sometime and I just wanted to express that I’m starting to feel a little hope that maybe someday it could happen. Thanks for letting me vent. Have no idea who will see this but it’s just nice to put thoughts about a life’s dream outthere in internet space.