Congressman Sander Levin

Economic Recovery and Job Creation

Our state and nation are facing the worst economic crisis in generations. 8.2 million jobs have been lost since the start of the Recession, the financial crisis depleted individual savings and retirement accounts and wrecked credit opportunities for small businesses and consumers, and our neighborhoods have been hard hit by the foreclosure crisis.

The Economic Recovery and Reinvestment Act was approved last year to stem to downward spiral, help workers hurt by the economy, and make key investments to transform the economy. 

The Map below has been designed to illustrate the local impact in our communities.

To learn more about the Recovery Act click here.

Economic Recovery and Job Creation

The Economic Recovery Act consisted of three main areas: 37% or $288 Billion in tax relief; 28% or $233 Billion in direct payments to individuals through programs like unemployment insurance; and the final third or $276 Billion in grants, loans or contracts to local governments, schools, organizations and businesses.

The first “recipient report” was released at the end of October covering this last third of the Recovery Act. Michigan reported that $5.2 billion had been allocated to the State through September 20th in grants, contracts or loans. The State went on to report that a total of $1.2 billion of Michigan’s allocation had been received and that 22,500 Michigan jobs were created or retained.

The State Recovery page tracks $350 million to Macomb County and $545.1 million to Oakland County to date. Per capita, this is $421 per Macomb County resident and $453 per Oakland County resident.

To learn more, click here.

As the economy stabilizes we must take additional steps to support small business activity, create jobs and restore consumer demand. In December, the House passed legislation to re-direct money from Wall Street to Main Street to create additional jobs through investment in highways, small business lending, and support for states to retain their teachers, police officers, and firefighters.

I am also working on specific legislation to support small businesses that are diversifying into emerging economic sectors like defense, homeland security and energy technology, and on local regional economic development initiatives like the business incubator in Sterling Heights.

Please do not hesitate to contact my office if we may be of assistance. James Jackson is serving as our Economic Recovery Coordinator and he may be reached at 586-498-7122 or 248-968-2025