INGLEWOOD AMERICAN REINVESTMENT AND RECOVERY ACT (ARRA) FUNDING
On February 13, 2009, Congress passed the American Recovery and Reinvestment Act of 2009 at the urging of President Obama, who signed it into law four days later. A direct response to the economic crisis the Recovery Act has three immediate goals:
Create new jobs as well as save existing ones
Spur economic development activity and invest in long-term economic growth
Foster unprecedented levels of accountability and transparency in government spending.
The Recovery Act of 2009 intends to achieve those goals by:
Providing $288 billion in tax cuts and benefits for millions of working families and businesses
Increasing Federal Funds for healthcare as well as entitlement programs (such as extending unemployment benefits) by $244 billion
Making $275 billion available for federal contracts, grants, and loans
Requiring recipient of Recovery funds to report quarterly on the amount of monies spent, the status of the project, the number of jobs created and/or saved, and other details, all of which are posted at Recovery.org so that the public can track where the total $787 billion Recovery funds are going and how they are being spent.
Like many municipalities throughout the nation, state and region, the City of Inglewood has applied for and has received ARRA funding from several programs. As an example, in the months of November and January, the Public Works department will use ARRA funds to reconstruct Manchester Redevelopment from VanNess to Ash. Additionally, the City of Inglewood’s Police Department will hire ten new officers through the COPS Hiring Recovery program grant it received this summer.
Furthermore, the City of Inglewood has applied for several ARRA grants:
Alternative Fueled Vehicles Pilot Grant Program- $1.5 Million
Broadband Technology Opportunities Program- $4 Million
Transportation Investment Generating Economic Development Recovery- $64 Million
These are just a few the grants that the City of Inglewood has applied for and/or received through the ARRA program. In November, the City of Inglewood plans on competing for an Energy Efficiency and Conservation Block Grant. Grant amounts range from $5 million to $75 million. Applications are due on November 14, 2009
Please click here to the City Administrator’s Monthly Stimulus Update.