The American Recovery and Reinvestment Act of 2009 (ARRA), commonly referred to as the Recovery Act or the stimulus package, is designed to inject an estimated $787 billion into the U.S. economy over the next ten years, with a significant percentage of that stimulus being used to fund public works, infrastructure and information technology projects.  In addition to direct spending on projects, the Recovery Act is designed to benefit businesses by increasing the availability of loans for small businesses and creating or extending tax savings for businesses. 

According to Congressional Budget Office estimates, the biggest single-year payout of stimulus funds will occur in 2010.  With Recovery Act spending slated to increase in the coming months, opportunities for your business or organization may be available through federal, state and local government programs, such as projects open to bidding, grants, and loan programs. 

Taft has created a Recovery Act Resource Center online to provide a brief guide to websites that may be useful in identifying those opportunities (Visit Taft’s Recovery Act Resource Center to learn more).