APA Stimulus Funding


Published on

Donny Foster's Presentation at MIT/Stanford VLAB Event on The New Stimulus Package: What Does it Mean for the Valley? April 2009

Published in: Business, Technology, Education
  • Be the first to comment

  • Be the first to like this

No Downloads
Total Views
On Slideshare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

APA Stimulus Funding

  1. 1. Stimulus Package <ul><li>Planning Programs and Funding in The American Recovery & Reinvestment Act (ARRA) </li></ul><ul><li>April 21st, 2009 </li></ul>
  2. 2. Stimulus Basics <ul><li>$787 Billion Package </li></ul><ul><li>Broad-based Legislation </li></ul><ul><li>Shaped by Political, Economic Context </li></ul><ul><li>Challenge of Balancing ‘Shovel Ready’ & Transformational </li></ul><ul><li>A ‘down payment’ on Major Needs </li></ul>
  3. 3. “ Never allow a crisis go to waste.” Rahm Emanuel, White House Chief of Staff
  4. 4. Breakdown of Dollars …
  5. 5. Five Purposes of ARRA <ul><li>● Create & Preserve Jobs </li></ul><ul><li>● Invest in Increasing Economic Efficiency </li></ul><ul><li>● Stabilize State and Local Government Budgets </li></ul><ul><li>● Invest in Infrastructure & Energy to Provide Long-Term Economic Benefits </li></ul><ul><li>● Help those Most Affected by Recession </li></ul>
  6. 6. Accountability & Implementation <ul><li>No Earmarks </li></ul><ul><li>Mostly Existing Formulas </li></ul><ul><li>New Agency Guidance on Allocations, Distributions </li></ul><ul><li>Recovery.gov </li></ul><ul><ul><li>Project Lists </li></ul></ul><ul><ul><li>Detailed Reporting </li></ul></ul>
  7. 7. <ul><li>♦ Energy Efficiency and Renewable Energy – Total: $16.8 billion </li></ul><ul><li>$3.2 billion Energy Efficiency and Conservation Block Program </li></ul><ul><li>$5.0 billion for Weatherization Assistance Program </li></ul><ul><li>-$3.1 billion for State Energy Programs </li></ul><ul><li>-$2.0 billion advanced battery manufacturing </li></ul><ul><li>-$2.6 billion for R&D in Energy Efficiency and Renewable Energy </li></ul><ul><li>$800mm for biomass </li></ul><ul><li>-$400mm for geothermal </li></ul><ul><li>-$50mm for IT & Communications efficiency </li></ul><ul><li>-$300 million for Alternative Fueled Vehicles Pilot Grant Program </li></ul><ul><li>-$400 million for transport electrification </li></ul><ul><li>-$300 million for Energy Efficient Appliance Rebates Program and Energy Star Program </li></ul>
  8. 8. Energy Efficiency and Renewable Energy – Total: $16.8 billion
  9. 9. ♦ Electric Delivery and Energy Reliability: $11.0 billion total for Modernization of the electric grid – $4.5 billion specifically for ‘smart grid’ applications; intended to set up digital technologies in the transmission grid that will save energy and costs and facilitate recovery from disruptions – $100 million for worker training –$80 million for detailed resource assessment of future transmission and demand requirements after consultation with FERC
  10. 10. Additional Funding Measures ♦ Clean Energy Bonds - Increased authorized principal by $1.6billion - 1/3 for government; 1/3 for public power providers; 1/3 for electriccooperatives ♦ Loan Guarantee Program – $6.0 billion -Aimed at existing Transmission and Renewable Technologies. Administered by DOE Energy Tax Relief and Support ♦ Specific Energy Tax Schemes - Renewable Energy PTC extension $13.143 billion - Temporary substitute election of ITC $285 million - Grants to monetize ITC upfront ♦ General Business Tax relief - Depreciation bonus: $5.074 billion
  11. 11. Historic, One Time Investment <ul><li>Over $100 Billion education investment </li></ul><ul><li>Historic opportunity to stimulate economy and improve education </li></ul><ul><li>Success depends on leadership, judgment, coordination </li></ul><ul><li>and communication </li></ul>
  12. 12. Advance Core Reforms: Assurances <ul><li>College - and career ready standards and high quality, valid and reliable assessments for all students, including ELLs and students with disabilities </li></ul><ul><li>Pre - K to higher education data systems that meet the principles in the America COMPETES Act </li></ul><ul><li>Teacher effectiveness and equitable distributions of effective teachers. </li></ul><ul><li>Intensive support and effective interventions for lowest -performing schools </li></ul>
  13. 13. State Fiscal Stabilization Fund $53.6 Billion Formula Governors 48.6 Billion Public Elementary, Secondary, and Institutions of Higher Education 81.8% ($39.8 billion) Education, School Modernization, Public Safety, or other Government Services 18.2% ($650 million) Competitive The Secretary $5 Billion Race to the Top($4.35 billion) What Works and Innovation ($650 million)
  14. 14. Accountability and Transparency <ul><li>All ARRA Funds Must be tracked separately </li></ul><ul><ul><li>Quarterly reports on both financial information and how funds are being used </li></ul></ul><ul><ul><li>Estimated Number of jobs created </li></ul></ul><ul><ul><li>Subcontracts and sub-grants required to comply with the Federal Funding Accountability and Transparency Act </li></ul></ul><ul><li>Reporting Template being developed for use by States to capture required information </li></ul><ul><li>Transparency allows opportunity to quantify/define goals and mobilize support for improving results for all students </li></ul>
  15. 15. HHS is committed to a timely implementation. Plans for spending, reporting, auditing, and investigation of fraud and abuse of Recovery funds are being developed and will be made available here. Total Obligated HHS Funds: $27.9 Billion (as of 4/10/09) Total Disbursements: $12.3 Billion (as of 4/10/09)
  16. 16. List of Programs for Which Funding Has Been Announced: * Adoption Assistance and Foster Care Programs * Child Care and Development Fund * Child Support Incentives * Community Health Center Program * Community Services Block Grant Program * Comparative Effectiveness Research Funding * Disproportionate Share Hospital Program * Immunization Grants Program * Medicaid and Prescription Drug Funding * NIH Medical Research and Construction Funding * Senior Nutrition Programs * Temporary Assistance for Needy Families (TANF) Programs
  17. 17. Funding Overview Transit Total: $8.4 Billion New Starts $742 Million Rail Mod $742 Million Highways & Bridges: $27.5 Billion Intercity & High Speed Rail: $9.3 Billion High Speed $8 Billion Amtrak $1.3 Billion Supplemental Multimodal: $1.5 Billion
  18. 18. Funding Overview CDBG $1 Billion Public Housing Capital $4 Billion Neighborhood Stabilization $2 Billion Tax Credit Assistance / HOME $2.25 Billion EDA $150 Million Homeless Assistance $1.5 Billion CDFI $100 Million Lead Hazard Reduction $100 Million Native American Housing Block Grant $510 Million Section 8 $2 Billion Energy Efficiency for Multifamily Housing $250 Million Rural Housing $200 Million
  19. 19. Online Resources for Stimulus Information <ul><li>● Federal Clearinghouse for Stimulus Information </li></ul><ul><ul><li>http://www.recovery.gov </li></ul></ul><ul><li>● Federal Agency Information & Guidance </li></ul><ul><ul><li>www.hud.gov/recovery </li></ul></ul><ul><ul><li>http://www.fhwa.dot.gov/economicrecovery/index.htm </li></ul></ul><ul><ul><li>http://www.fta.dot.gov/index_9118.html </li></ul></ul><ul><ul><li>http://www.dot.gov/recovery/ </li></ul></ul><ul><ul><li>http://www.epa.gov/recovery/ </li></ul></ul><ul><ul><li>http://www.energy.gov/recovery/index.htm </li></ul></ul><ul><li>● Also see the website of the APA. APA is a good resource and I used information from APA in making this presentation. See updates on: </li></ul><ul><ul><li>www.planning.org /policy / </li></ul></ul>