Economic Recovery

Our nation faces real challenges in balancing the need to bring down the federal deficit with the need to invest in our long-term economic prosperity. We have much to do in order to get our economy back on track, and we need responsible investments and common-sense regulatory reform to ultimately improve the ability of our nation to compete in the global economy. We still have important work to do to address the foreclosure crisis and shore-up the real estate market and we also must take steps to repair our banking system so that credit will begin flowing again to consumers and small businesses.

arra

In February, Congress adopted the 2009 American Recovery and Reinvestment Act (ARRA), a bipartisan compromise includes a blend of investments and targeted tax relief that will create jobs for Virginians and that will give President Obama the resources to help restart the economy.

Here are recent announcements of where the money will be allocated:

August 2009
  • 08/05/09 -
    Training for next-gen fuel vehicles
    This morning, the U.S. Department of Energy awarded a $720,000 grant to J. Sargeant Reynolds Community College in Richmond for the development of a new workforce training program for next-generation electric vehicles.
July 2009
  • 07/29/09 -
    Jumpstarting affordable housing projects
    Senator Warner announced yesterday that the U.S. Department of Housing and Urban Developmen (HUD) has approved $44.2 million to jumpstart affordable rental housing programs in Virginia.
  • 07/28/09 -
    New law enforcement jobs
    Senator Warner announced today that the U.S. Department of Justice has distributed more than $5.1 million from the economic recovery package to eight Virginia law enforcement agencies to hire and retain 31 new law enforcement officers in Virginia.
  • 07/13/09 -
    Weatherization funding for low-income families
    Senator Warner announced Friday that the U.S. Department of Energy is releasing more than $37 million from the economic recovery package to expand weatherization assistance programs in Virginia.
  • 07/01/09 -
    Repairing our community health centers
    Senator Warner announced this week that the U.S. Department of Health and Human Services has released more than $13.5 million in grants from the economic recovery package to 24 community health centers in Virginia to maintain facilities and improve services.
June 2009
  • 06/12/09 -
    Upgrades to Metro
    Senator Warner announced today that the Federal Transit Administration (FTA) will provide a $17.7 million grant from the economic stimulus package for upgrades to the Washington Metropolitan Area Transit Authority (WMATA).
May 2009
  • 05/26/09 -
    Stimulus funds for schools
    Senator Warner announced today that the Department of Education will release $806 million from the economic recovery package to help address the budget shortfall Virginia’s education system is facing. The funding will help save hundreds of thousands of teaching jobs at risk of state and local budget cuts.
  • 05/21/09 -
    Funding for rural development
    Earlier this week, Senator Warner announced that the Department of Agriculture will release $1.2 million from the stimulus package to provide grants or loans to 31 localities and non-profit organizations to fund community facilities and emergency responder projects in Virginia.
  • 05/18/09 -
    A boost in unemployment funds
    The Department of Labor announced today that Virginia will receive $62.8 million from the economic recovery package for unemployment insurance funds.
  • 05/08/09 -
    New equipment for Roanoke Airport
    The Department of Homeland Security announced today that Roanoke Regional Airport will receive two new pieces of security equipment worth $772,125, purchased through funds provided to the Transportation Security Administration (TSA) by the economic recovery package.
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Here are some helpful links:

  • Recovery.gov

    The Obama Administration's website for the federal grant awards and contracts from the 2009 American Recovery and Reinvestment Act

  • FinancialStablility.gov

    A site from the Treasury Department that brings transparency and clarity to the plan to shore up our financial system

  • Stimulus.Virginia.gov

    The state government's website that tracks the distribution and allocation of recovery package funds by the Commonwealth of Virginia to local communities and organizations