Economic stimulas money to benefit contractors?

The American Recovery and Reinvestment Act (ARRA)is sending down approximately $64.1 billion to the states. This money is targeting transportation infrastructure projects as mandated by the House Committee on Transportation and Infrastructure. This money started flowing in March initially with the release of $27 billion to states for transportation related projects. This is good news for contractors, especially with the general slowdown of housing related projects. The caveat is that this money can only go to existing plans already on the boards in the various states, not for new projects they might wish to undertake. Past experience has shown however that there are usually some types of projects waiting in the wings since the state governments have to keep their planning personnel gainfully employed. Keep an eye out, hopefully this can have a positive impact in your area and brighten prospects in a slow job market. At least until the economic engine gets some life back into it.
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