The American Recovery and Reinvestment Act of 2009
In recent months, our nation has experienced the negative effects of a recession that has resulted in abandoned projects and lost jobs. In an effort to stimulate America’s economy, on February 17, 2009, President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA). The ARRA stimulus package has appropriated more than $700 billion in funds towards federal tax relief, expansion of unemployment benefits and domestic spending in education, healthcare and infrastructure.
To qualify for stimulus funding, the ARRA requires that projects meet certain criteria. Primarily, departments and agencies are being urged to support projects that are of a sustainable nature, that optimize economic activity, as well as increase the number of jobs created or saved in the US. Secondly, projects must have a demonstrated or potential ability to create programmatic, long-term public benefits versus short-term spikes in the economy. Lastly, and being stressed by all sectors of the government, projects must have transparency to the public with each taxpayer dollar spent being subject to unprecedented levels of accountability.
Navigating the complicated guidelines of the ARRA can be tricky and time consuming. Hubbell Lighting understands and we are offering you the products, the know-how and the solutions to satisfy these stringent ARRA requirements and meet your lighting needs.