On Oct. 30, the federal government’s Recovery Accountability and Transparency Board released new data about American Recovery and Reinvestment Act (ARRA) spending and job creation. It reported that $160 billion in federal grants and loans have been awarded nationally, resulting in the retention or creation of more than 640,000 jobs. Earlier this month, the board announced that $16 billion in ARRA contracts had been awarded, saving or creating more than 30,000 jobs.
Although this data represents only a fraction of the $787 billion in ARRA investments that will be used to revive the U.S. economy over the next two years, the Recovery Act has already spurred clean energy innovation across the country.
via Eight Months Into Implementation, Recovery Act Spurs Clean Energy Innovations : Apollo Alliance.
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- U.S. Energy Dept. Awards $47 Million in Recovery Act Funding for EV Smart Grids | Green Car Advisor
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