Displaying 16 - 20 of 192 items.
Tuesday, May 5, 2009
Secretary Chu Announces Nearly $800 Million from Recovery Act to Accelerate Biofuels Research and Commercialization
New green jobs a benefit of effort to end dependence on foreign oil
WASHINGTON, D.C. — As part of the ongoing effort to increase the use of domestic renewable fuels, U.S. Secretary of Energy Steven Chu today announced plans to provide $786.5 million from the American Recovery and Reinvestment Act to accelerate advanced biofuels research and development and to provide additional funding for commercial-scale biorefinery demonstration projects.
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Tuesday, May 5, 2009
Social Security Administration Inspector General Issues Report on Impact of State Employee Furloughs on the Social Security Administration's Disability Programs
The Social Security Administration (SSA) received $500 million in Recovery Act funds to address retirement and disability workloads. SSA fully funds the salaries and other costs of certain state employees who perform critical work in SSA's disability programs. However, because of the recent economic downturn, several states have furloughed employees -- including disability determination staff. The Office of Inspector General (OIG)'s report provides critical information on how furloughs of state disability determination employees will impact SSA's ability to process disability work. The OIG also notes that because fewer disability decisions will be made in states that have furloughed disability determination staff, there will be a negative impact on the flow of money in the U.S. economy. As such, the OIG's report informs Agency decision makers on where to assign Recovery Act funds to the various state disability determination offices.
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Tuesday, May 5, 2009
Social Security Administration Inspector General Issues Report on the Social Security Administration's Ability to Address Future Processing Requirements
The Social Security Administration (SSA) received $500 million in Recovery Act funds to build a new National Computer Center. The current National Computer Center houses the infrastructure that supports the Social Security programs provided to the public and other services provided to federal, state, international and private agencies. The design and age of the National Computer Center, as well as the increasing workload due to the retirement of the baby boom generation, have raised concerns about SSA's ability to address future processing requirements. The report provides information on SSA's response to critical deficiencies that need to be addressed immediately at the current National Computer Center, as well as issues the Agency should consider when defining its strategy for using Recovery Act funds for the new computer center.
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Monday, May 4, 2009
Secretary Donovan Announces $2 Billion In Recovery Act Funds To Stabilize Neighborhoods Hard-Hit By Foreclosure
HUD solicits grant applications under Neighborhood Stabilization Program
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced that HUD is now soliciting grant applications under the Department's Neighborhood Stabilization Program (NSP) to make available nearly $2 billion in Recovery Act funding to states, local governments and non-profit housing developers to combat the effects of home foreclosures. Applications for NSP funds will be due July 17, 2009.
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Monday, May 4, 2009
Helping Small Business Start, Grow and Succeed
Improved Financing to Start or Expand Your Small Business
If you're an entrepreneur looking to start or expand your business, the U.S. Small Business Administration has some good news for you. As part of the American Recovery and Reinvestment Act of 2009, the SBA is temporarily eliminating some borrower fees on two programs and temporarily increasing guarantees up to 90 percent on the 7(a) program, SBA's largest loan program. The fee elimination means more capital available to businesses at a lower cost. The increase in guarantee levels will help provide banks with the greater confidence they need to extend credit during the current economic crisis, which will mean more capital available to small business owners across the country.
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