Economic Stimulus Funds Progress Report
By Jillian Wheeler | June 6, 2009
The federal government has set up a website to educate the American public about the intricacies of the Economic Stimulus (ARRA) package passed earlier this year. There’s a lot of great information on the site, including a bar chart updated weekly that depicts the amount of money made available, and the amount expended thus far.
Between April 24th and May 29th, a total of $135.4 Billion was made available. During the same period, $43.7 Billion was actually paid out. Most of the funds are currently going to state and local governments and eligible non-profits. In some cases, those agencies will use the money to accomplish high-priority projects (flood prevention activities is a good example). The agencies themselves are sometimes hiring new employees to do the work directly, or for administrative management. In other cases they may invite bids and issue contracts to private businesses to complete the projects.
In numerous instances, however, the agencies that receive the Stimulus funding will “pass it through” in the form of grants. Over the next few months we’ll be seeing more and more Requests for Proposals for grant funds in communities all over the United States. These RFPs will offer grant funding for a whole array of different kinds of projects, from housing to economic development, from serving youth to serving seniors - and everything in between. All this money has been carefully targeted, as I said in an earlier post, to stimulate the economy and create jobs, while strengthening the country’s infrastructure with a “green” consciousness.
This level of federal funding has not been previously available during my lifetime. It will offer huge opportunities to create good in your community, as well as opportunities for you to participate directly in the economic recovery. If you’d like to know about more about the Stimulus package, where the money is going, and when it will reach your area, check out our newest product, The Economic Recovery and Reinvestment Act of 2009: Find the Grants and Get Your Share!
www.GrantMeRich.com/economic-stimulus.htm
You save over half off the regular price when you place an advance order - but this opportunity is limited, so if you’re interested, act immediately.
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American Recovery and Reinvestment Act of 2009: Where are the Grants?
By Jillian Wheeler | May 30, 2009
Since President Obama signed the American Recovery and Reinvestment Act of 2009 into law in February, the bureaucrats in Washington have been working overtime designing programs. It’s not as easy as it may sound, to figure out how to spend $787 Billion.
The criteria for the programs were two-fold. First, and most important, the programs have to stimulate the economic engine. That means creating new jobs or protecting existing jobs, fostering the establishment of new business enterprises, or infusing capital into existing businesses. In addition, emphasis has been given to the “trickle down” effect. In other words, putting the money into projects that would stimulate business-to-business spending, and stimulate consumer spending.
Secondly, the programs aim to strengthen the infrastructure of the U.S., and to do so with a “green” consciousness. Special emphasis has been placed on projects that provide environmentally sound solutions to problems, such as energy production.
Now these programs have been created, the next step is to get the money to the states, local governments, and qualifying non-profit agencies. These entities are the ones that will give out the actual grants funding to the end recipients.
As you know, there has been some political disagreement about the Stimulus program. It’s certainly a lot of money, and the economy is going to have to really perform to pay off the resultant deficit.
Most economists agree the legislation was necessary, however. And now that the funds have been appropriated and the programs are underway, one unassailable fact remains.
This is one of the most exciting times in history in the world of grants.
I’ve been watching the situation closely, and our researchers have been gathering information about all the programs. Our goal is to get the information to you as quickly as possible, so you can know what funding is coming down the pike, and how you may be able to participate.
Very soon, on or before June 25th, you’ll be able to access our newest product: The American Recovery and Reinvestment Act of 2009: Find the Grants and Get Your Share!
Right now, you have a special opportunity. We’ve decided to make a unique offer to our readers only.
For a short time only, you can make an advance order on The American Recovery and Reinvestment Act of 2009: Find the Grants and Get Your Share! and pay less than half price.
This offer won’t be available for long, so check it out now, while you can:
www.GrantMeRich.com/economic-stimulus.htm
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Grants for Economic Development
By Jillian Wheeler | May 28, 2009
One of the most exciting programs funded under the American Recovery and Reinvestment Act of 2009 is the $150 million in grant funds that are available as Economic Development Administration Recovery Funding.
EDA is an agency of the U.S. Department of Commerce; it supports the economic development needs of distressed communities throughout the United States. Its mission is to lead the federal economic develpment agenda by promoting innovation and competitiveness, and preparing American regions for growth and success in the worldwide economy.
The $150 million is to be used to create new jobs and uplift the economies of parts of the country that have experienced job losses and business closures. The grants will be disbursed through EDA’s six Regional Offices to states, local governments, and eligible non-p;rofits.
Those agencies will then be responsible for using the funds to support new job creation and foster greater business investment and development in communities.
The bottom line: EDA grants will “trickle down” very quickly through local entities, and the money will be made available to recipients at the state and local level.
Are you interested in participating in the economic development of your community? Do you have a business project you believe will create jobs? Keep an eye on this funding.
What else can you do?
This is a great time for you, or someone in your organization whom you designate, to learn about grants. Our Grants Training Classes provide indepth information about finding all kinds of grants (government, foundation and corporate), as well as how to write winning grant proposals. The classes also show you how to deal with the funding agencies.
A new Grants Training Class is starting now, and a few spaces remain. Check it out at:
www.GrantMeRich.com/classes.htm
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$58 Million in New Multifamily Housing Grants
By Jillian Wheeler | May 18, 2009
East Texas, like Louisiana, Mississippi, and Alabama, has had a hard time these past few years. Hurricane Katrina was followed very shortly by Hurricane Rita, which slammed into far east Texas and left a landscape of orange tarps where roofs once sheltered houses. More recently, Hurricane Ike wiped away whole communities in the Galveston Bay and Bolivar Penninsula areas. Ike has been largely overlooked by the national press, but 200 people lost their lives, and 25% of Galveston itself remains uninhabitable.
This month, the State of Texas is set to release $58 million to owners and investors to rebuild or replace some of the rental housing lost in natural disasters in 37 east Texas counties. Much of the $58 million will be given in the form of outright grants, and the rest will be allocated as five-year, forgivable loans, meaning they will revert to grants. The grants can be used for multifamily, such as apartment complexes, or for groups of single-family homes.
Not only is this a wonderful program for the citizens of those 37 counties, it is also a great opportunity for investors. More specifics will be released on May 22, 2009.
All over the United States, there are literally thousands of real estate grant and low-cost loan programs available to for-profit investors and developers. I’ve taken advantage of them, and I’ve helped many others do so, as well.
If you’d like to find out about every one of the federal and state programs, as well as how to apply for the many local programs, you’ll want to grab your own copy of The New American Land Rush: How to Buy Real Estate with Government Money.
You can also get a significant discount on our Grants Training Classes, by taking advantage of the Dual Purchase package: