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Tuesday, December 30, 2008 Archive | Client Login
Over the holiday week more and more state and local governments are preparing their federal economic stimulus wish lists. At the same time the incoming administration assembled its economic advisors to reconcile the thinking of the legislature with the details of their plans.
Mike Pickett |
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| Stimulus package could be a boon for business For many businesses, Christmas may come in January, when Congress is expected to pass an economic stimulus package containing billions of dollars in new spending and tax breaks. Federal funding of these projects “will immediately employ people, support small businesses and stimulate Main Street economies,” said Miami Mayor Manny Diaz, president of the U.S. Conference of Mayors. “Investing immediately in shovel-ready projects — whether roads or rails, broadband, energy or water — will create jobs and strengthen America’s competitiveness,” said Tom Donohue, president and CEO of the U.S. Chamber of Commerce. The types of projects funded also are important. Repairs and maintenance of existing infrastructure not only are needed, but these labor-intensive projects also create more jobs than building new facilities, according to Building America’s Future, a coalition representing state and local officials. Dayton Business Journal - by Kent Hoover Washington Bureau Chief http://www.bizjournals.com/dayton/stories/2008/12/22/daily8.html Biden Vows No Stimulus Earmarks Vice President-elect Joe Biden released new details Tuesday of the emerging stimulus package, saying that 85% of the three million jobs the incoming administration hopes to produce will be in the private sector and that no earmarked "pet projects" will be accepted. "There will be no earmarks in this economic recovery plan," Mr. Biden emphasized, speaking of pet projects usually slipped into spending measures by members of Congress. "I know it's the Christmas season, but President-elect Obama and I are absolutely determined that this economic recovery package will not become a Christmas tree." Wall Street Journal, Jonathan Weisman, December 24, 2008 http://online.wsj.com/article/SB123004624819230097.html?mod=rss_whats_news_us http://www.c-spanarchives.org/library/index.php?main_page=product_video_info&products_id=283033-1 'Stimulus' projects include area bridges Chattanooga, Tenn. - NASHVILLE -- Nine Southeast Tennessee road and bridge construction projects are among 113 state projects totaling $850 million that officials have identified as "potential" candidates for President-elect Barack Obama's proposed federal stimulus package. The list of bridge and road improvements that can be "ready to go" within 180 days - an expected stimulus requirement - includes three highway bridge replacement projects in Hamilton County. The Chattanooga Times Free Press , Andy Sher, updated 8:49 p.m. PT, Tues., Dec. 23, 2008 http://www.msnbc.msn.com/id/28374173/ Federal stimulus could fund Sky Song garage, Gilbert police center, Scottsdale arts Federal economic stimulus money could go toward a parking garage for Arizona State University’s Sky Song technology center in Scottsdale, a $300 million police and fire training center in Gilbert, widening Van Buren Street in Avondale and a tram linking Phoenix Sky Harbor Airport to Metro light rail. U.S. cites are lining up in droves with project lists seeking federal money from a planned $775 billion economic plan forwarded by president-elect Barack Obama. Phoenix Business Journal - by Mike Sunnucks, December 29, 2008 http://phoenix.bizjournals.com/phoenix/stories/2008/12/29/daily3.html Minnesotans line up for a stimulus shot The first big wave of change in the new Obama administration, a roughly $850 billion economic stimulus package, has brought out a swarm of Minnesota officials, businesses and special interest groups vying for a chunk of the nationwide infrastructure buildup. "Minnesota contractors and our trained, skilled workforce are ready to build," said Dave Semerad, head of the Associated General Contractors of Minnesota, which projects as many as 21,000 new jobs in the state, depending on the size of the stimulus deal. "Now is the time to get going and build our infrastructure. There is absolutely no benefit to waiting." Star Tribune, Kevin Diaz, December 29, 2008 - 6:09 PM http://www.startribune.com/politics/state/36810939.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUl High-speed rail optimistic about more funding With the economy in recession, California's plan to ask the federal government for billions of dollars to help build the nation's first high-speed rail system might seem like wishful thinking rather than a feasible financial strategy. But transportation officials say that California's high-speed rail project seems to be on a fast track to a hefty federal contribution - perhaps as much as $15 billion to $20 billion. San Francisco Chronicle, Michael Cabanatuan, December 26, 2008 http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/26/MNP914KAQU.DTL |
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