Stimulus Funding Information
American Recovery and Reinvestment Act of 2009 
The American Recovery and Reinvestment Act (ARRA) signed into law by President Obama on February 17th, 2009, includes measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.
What is The American Recovery and Reinvestment Act?
The intent of the $787 Billion Recovery Act is to:
- Preserve and create jobs and promote economic recovery;
- Assist those most impacted by the recession;
- Provide investments needed to increase economic efficiency by spurring technological advances;
- Invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits; and
- Stabilize state and local government budgets.
How will the Recovery Act funds be distributed?
Funds will be distributed in three ways:
- By formula from the Federal government;
- Through State and Regional governmental agencies; and
- Through specific, competitive grant processes.
Because funding will be distributed from multiple agencies, and within various timeframes, local governments are in the process of discovering how much funding will ultimately be available.
Click
here to learn about ARRA Awards to the City of Manhattan.