Economic Recovery
Recovery.gov, a new website set up by the White House, is also a great resource that shows exactly where the Recovery funds are going.
In February 2009, Congress passed the American Reinvestment and Recovery Act, a nationwide effort to create jobs and transform many parts of the nation's economy. This economic stimulus package will invest over $900 million dollars to revitalize the Maine economy, and will create or save over 15,000 in the state over the next two years.
Much of the resources will come back to the State, towns, and families through existing programs-- local schools, unemployment insurance, transportation infrastructure projects, energy efficiency, Social Security payments to beneficiaries and veterans, Medicaid and SCHIP health care, EDA, and more.
The Act also creates competitive grant processes to help businesses in several targeted areas- energy, housing, small business loans. In addition, individuals and businesses are eligible for new or expanded tax credits.
I’ve appointed Jackie Potter to serve as the Economic Recovery Czar to help Mainers with all issues related to the Recovery Act. If you have any questions, please don’t hesitate to contact her in our Portland office at 207-774-5019. Jackie will also be compiling up-to-the-minute data about the programs and grants being funded as the information becomes available from President Obama’s administration. Check this page often for the latest updates.