Tuesday, February 17, 2009

ARRA signed at Museum of Nature and Science

Today the American Recovery and Reinvestment Act is signed at the museum of nature and science in Denver. Appropriate it is that this recently blue state host such a moment. The text of the ARRA is available here for your pursuing pleasure and is overwhelming in its breadth and depth. It addresses the economic downturn with the following list of priorities. I have no memory of a single piece of legislation attempting to fund so many programs simultaneously.

(1) To preserve and create jobs and promote economic recovery.
(2) To assist those most impacted by the recession.
(3) To provide investments needed to increase economic efficiency by spurring technological advances in science and health.
(4) To invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits.
(5) To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.

With start-up companies like AVA Solar making their home in the sun-soaked state it is no wonder the road to renewal begins in the mile high city. To read more about what the stimulus bill actually does for jump starting clean energy, environmental projects, and scientific research click here. This article clearly breaks down the planned $60 billion set aside for green initiatives within ARRA into understandable bits.

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