AFPBusiness.com: Grab your tool belt
Story by Chris Graham AFPBusiness.com The tool-belt recession is having a negative multiplier-type effect on the U.S. economy. AFPBusiness.com examines a report from the Center for American Progress that offers as advice to Congress the idea of promoting energy-efficiency incentives to homeowners as a way to get construction workers back to work. Click [...]
‘Found money,’ ‘something necessary,’ the rebate, and stimulus
Column by Chris Graham freepress2@ntelos.net The so-called fiscal-conservative elected officials in Waynesboro are falling all over themselves to spend the $560,000 in “found money” resulting from last fiscal year’s budget surplus. Vice Mayor Frank Lucente has even suggested recently that he would like to see the city hold onto the money “until we need [...]
Virginia Tech: Grant to train new green workers
Staff Report News tips: freepress2@ntelos.net A Virginia Tech-led team of almost 20 partners has won $3.8 million in federal stimulus money to train workers for new, green jobs in the construction industry. The grant is expected to train some 400 workers over two years. “Faculty from the Virginia Tech College of Engineering and College [...]
Stimulus needs better reporting
Column by Greg LeRoy Submit guest columns, letters: freepress2@ntelos.net Aside from health-care reform, probably the most divisive issue in Washington today is the $787 billion economic stimulus program. One camp argues that the Recovery Act has done a good job in preventing the country from plunging into a more serious crisis than the one [...]
Anatomy of a stimulus effort gone wrong
Column by Chris Graham freepress2@ntelos.net It all sounded good. A Small Business Administration workshop leader told a group of small-business owners in Harrisonburg this past summer about a new loan program funded under the Recovery Act that was designed to help struggling small-business owners deal with short-term cash-flow issues resulting from the ongoing financial [...]
Kaine: 5,900 jobs created, saved through stimulus
Gov. Timothy M. Kaine noted today that state agencies have reported more than 5,900 jobs created or saved from American Recovery and Reinvestment Act funds flowing through the State Treasury. To date, more than $5 billion in ARRA contracts, grants and loans have been awarded in Virginia, with more than half in the form of [...]
Kaine announces stimulus funds for bridges
Gov. Timothy M. Kaine on Thursday announced that 119 bridges across the Commonwealth will be replaced or repaired using funds from the American Recovery and Reinvestment Act. The Commonwealth Transportation Board has awarded seven construction contracts to replace 119 structurally deficient bridges across the state that would otherwise have gone unaddressed. The awarded contracts, totaling [...]
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Mark Warner | Concerns shared on stimulus
While there are recent promising signs that our country’s economy is beginning to improve, I share the concerns of many Virginians about the federal government’s role in assuming significant ownership stakes in several private companies – namely General Motors, Chrysler, AIG and Citigroup. Taxpayers are understandably worried about how much of their initial investment they [...]
Posted October 12, 2009